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MGT268 > Exam > Flashcards

Exam Flashcards

1
Q

Which of the following statements concerning transaction data are true?
1. Transaction data are big numbers
2. Transaction data change infrequently
3. Transaction data are a consequence of the execution of process steps
4. Transaction data represent entities such as customer and vendors

A

Transaction data are a consequence of the execution of process steps.

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2
Q

Which of the following is not an example of an advantage to using the Web to access organizational databases?

A

It is clear and virus free

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3
Q
  1. What kind of society is being created by the growth in information industries?
    A. knowledge-dependent local society
    B. knowledge-independent local society
    C. knowledge-dependent global society
    D. knowledge-independent global society
A

Knowledge-dependent global society

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4
Q
  1. Why is the global economy becoming more integrated?
    A. international outsourcing
    B. the Internet
    C. relaxed borders in the European Union
    D. all on the list
A

All on the list

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5
Q
  1. Which trend has the following potential business impact? The time to get products and services to market is being shortened by technology.
    A. Pace of technological innovation is increasing.
    B. Time is becoming one of the world’s most precious commodities.
    C. The economy and society are dominated by technology.
    D. The global economy is becoming more integrated.
A

Pace of technological innovation is increasing.

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6
Q
  1. Which trend has the following potential business impact? Top managers must be computer-literate to retain their jobs and achieve success.
    A. The growth in information industries is creating a knowledge-dependent global society.
    B. The economy and society are dominated by technology.
    C. Pace of technological innovation is increasing.
    D. The global economy is becoming more integrated.
A

The growth in information industries is creating a knowledge-dependent global society.

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7
Q
  1. Shari is creating a process flow diagram of her company’s integrated business processes, after which of the following activities should she include a decision point? (2 correct answers)
    A. Create Purchase Order
    B. Create Sales Order
    C. Authorize Production
    D. Receive Shipment From Vendor
A

Create Sales Order/ Authorize Production

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8
Q
  1. Harry manages the warehouse and is delegating responsibilities to his employees on the show floor. Which of the following warehouse management steps are related to the procurement process? (2 correct answers)
    A. Create invoice
    B. Post goods issue
    C. Create outbound delivery
    D. Create transfer order
    E. Create transfer request
A

Create Transfer Order Create transfer Request

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9
Q
  1. Cathy is explaining where integration occurs between their basic business processes. Which of the following statements about an integrated process are TRUE? (3 correct answers)
    A. The process is triggered by a customer order.
    B. The fulfillment process is suspended when the needed raw materials are not available.
    C. The production process is suspended when the needed raw materials are not available.
    D. The production process continues when the finished products become available.
    E. The fulfillment process continues when the finished products become available.
A

The process is triggered by a customer order./ The production process is suspended when the needed raw materials are not available./ The fulfillment process continues when the finished products become available.

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10
Q

What is the difference between an RFQ and an RFP?
1. The response to an RFQ is a big document requiring much more than just the price
2. The response to an RFP is a big document requiring much more than just the price
3. RFQ is usually for big, complex requirements
4. There is no difference between them. They are similar terms.

A

The response to an RFP is a big document requiring much more than just the price.

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11
Q

What does the response to RFP consist of, and what is its business purpose?
1. You respond an RFP with an RFQ that gives the detailed price quotation
2. Response to RFP is the ‘Proposal’, a techno-commercial offer, that contains detailed Technical and detailed Commercial terms
3. You need not respond to an RFP. It is one of the document that you receive from a supplier
4. You respond to the RFP with the RFI document that gives the details of your requirements

A

Response to RFP is the ‘Proposal’, a techno-commercial offer, that contains detailed Technical and detailed Commercial terms.

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12
Q

A Letter-of-credit is given by a business to their _____ to allow a business deal to happen.
1. The Bank
2. Customer, Sales department
3. Supplier, Sales or Accounting
4. To their Customer, Accounting department

A

Supplier, Sales or Accounting.

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13
Q

Harry manages the warehouse and is delegating responsibilities to his employees on the show floor. Which 2 of the following warehouse management steps are part of the procurement process?
1. Create invoice
2. Post goods issue
3. Create outbound delivery
4. Create Transfer Order
5. Create Transfer Request

A

Create Transfer Order/ Create Transfer Request

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14
Q

When Could You Expect an LOI (letter of intent)?
1. Before PO
2. Soon after the RFI
3. Before an RFP
4. After the LC
5. After a PO

A

Before PO

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15
Q

RFI stands for?

A

Request for Information

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16
Q

Invoice means?

A

A bill

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17
Q

DO stands for?

A

Delivery Order

18
Q

Who makes the RFQ?
Remember: Every company buys raw material and sells finished products, so every company is a ‘Customer’ when buying and a ‘Supplier’ when selling. You need to spot the right role and the right department.

A

Customers Purchasing Department

19
Q

Who makes the GRN (Goods Receive Note)?

A

Customers Shipping Department

20
Q

When companies think about moving work to countries like China and India, they see two major issues or problems they may face. These are:
1. ease the burden on overworked internal application developers and lower costs.
2. increased need for communication and coordination.
3. lower costs and faster development time
4. faster development time and increased need for communication.

A

Increased need for communication

21
Q

A master data has all the following characteristics EXCEPT
1. it is stable
2. it is more Accurate
3. it is used for Validation
4. it represents events

A

It represents events

22
Q

Even the right answer to Challenge-3 has these 2 problems:
1. It is prone to errors that can send businesses into a chaos
2. Neither Excel nor Access can help: The problem is with the table design
3. Just move the right solution of Challenge-3 to MS Access and all problems are solved!

A

It is prone to errors that can send business into a chaos/ Neither Excel nor Access can help: The problem is with the table design

23
Q

Which relationship is a BAD relationship in Database design?
1. 1-to-many
2. Many-to-1
3. Many-and-many
4. Many-to-many

A

Many-to-Many

24
Q

A database key comprised of two or more attributes is called a(n):
1. Conjointed twins
2. Concatenated Primary key
3. Combination Primary key

A

Combination Primary key

25
Q

Which of the following illustrates the primary concepts of the relational database model?

A

Entities, attributes, keys, and relationships

26
Q

A(n) _____________ is a software application that manages the database and controls access to the data stored in the database.

A

database management system

27
Q

What are rules that help ensure the quality of information?

A

Integrity constraints

28
Q

A(n) _____________ is an organized collection of related data.

A

Database

29
Q

So, which of the following statements are true? (3 right answers)
-Excel is totally useless if you have Access
-Excel is a great solution to capture a continuous flow of repeating data
-Excel is great for non-repeating data that needs to be analyzed in great depth
-Excel is a great solution to build trust and allow user control
-Access is great for capturing and supporting regular flow of business information such as customer orders, supplier orders, product flow, payroll processing, and such

A

-Excel is great for non-repeating data that needs to be analyzed in great depth
-Excel is a great solution to build trust and allow user control
-Access is great for capturing and supporting regular flow of business information such as customer orders, supplier orders, product flow, payroll processing, and such

30
Q
  1. Which of the following is not a potential business impact from the world’s population doubling in the next 40 years?
    A. The time to get products and services to market is being shortened by technology.
    B. Global agriculture will be required to supply as much food as has been produced during all of human history.
    C. Developed nations will find that retirees will have to remain on the job to remain competitive.
    D. Developed nations will begin to increase immigration limits.
A

The time to get products and services to market is being shortened by technology.

31
Q
  1. In a manual, paper-based process, delays are caused due to which of the following? (2 correct answers)
    A. Increased inventories
    B. Increased cycle times
    C. Creating paperwork
    D. Reduced cycle times
    E. Sending paperwork
A

Creating paperwork/ Sending paperwork

32
Q

What is a CIO?

A

CIO stands for Chief Information Officer, they are senior executives that are responsible for all aspects of their companies information and technology systems.

33
Q

A proforma invoice is used to
1. Bill the customer for proforma supply of goods
2. Invoice your customer for the advance money they gave you
3. Let your customer know how your final bill would look like
4. Bill the customers for goods you have already provided
5. Bill the customers for the goods you are about to ship

A

Let your customer know how your final bill would look like

34
Q

A Purchase Requisition is created by the
1. Supplier, Sales
2. Customer, Purchasing department
3. Customer, end-user department
4. Supplier, Purchasing department

A

Customer, end-user department

35
Q

The Comparative statement is created by
1. Customer, Sales
2. Supplier, Purchasing
3. Customer, Purchasing
4. Supplier, Sales

A

Customer, Purchasing

36
Q

Shari is creating a process flow diagram of her company’s integrated business processes, after which of the following 2 activities should she include a decision point?
1. Create Purchase Order
2. Create Sales Order
3. Authorize Production
4. Receive Shipment From Vendor

A

Create Sales Order/ Authorize Production

37
Q

Shari is creating a process flow diagram of her company’s integrated business processes, after which of the following activities should she include a decision point?
1. Create Purchase Order
2. Receive Shipment from Vendor
3. Create Sales Order
4. Authorize Production

A

Create Sales Order/ Authorize Production

38
Q

Who receives the PO?
Remember: Every company buys raw material and sells finished products, so every company is a ‘Customer’ when buying and a ‘Supplier’ when selling. You need to spot the right role and the right department.
1. Supplier, Sales dept
2. Supplier, all internal depts
3. Supplier, Purchasing dept
4. Customer, Sales dept
5. Customer, Purchasing dept

A

Supplier, Sales department

39
Q

PR stands for?

A

Purchase Requisition

40
Q

What is a DI?

A

It is the Shipping dept’s instructions on how to delivery goods to the customer and includes transportation details such as the shipping route and number of shipments

41
Q

The nature of the Foreign Key is such that: (Choose 3)
1. In the table the Foreign Key is present, it will be ‘Duplicates Okay’
2. This is a key that allows 2 tables to connect with each other, especially when there is nothing else in common.
3. A Foreign Key in one table is a Primary key in another table.
4. It is just another name for Primary Key.

A

In the table the Foreign Key is present, it will be ‘Duplicates Okay’/ This is a key that allows 2 tables to connect with each other, especially when there is nothing else in common/ A Foreign Key in one table is a Primary key in another table.

MGT268 (1 decks)

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