M4 Business Processes

Question 1

Which business activities make up the Revenue Process

Answer 1

Sales order receipt and entry
Delivery of services or goods
Customer billing
Payment collections

Question 2

Which business activities make up the Expenditure Process

Answer 2

Placing and order for goods and services
Goods are delievered and or services were rendered
Receipt and approval of billing by performing a three way match with the purchase order, receiving report, and vendor invoice
Bill payment

Question 3

Which business activities make up HR & Payroll Process

Answer 3

manage the employees of an organization
Establishing compensation plans
Assigning and updating compensation
Activity reports
Third party witholdings and rates
Payroll disbursement

Question 4

Which business activities make up Manufacturing Process?

Answer 4

Product design and engineering
Product development
Manufacturing forecasting and scheduling
Manufacturing operations
Manufacturing and fixed asset accounting and reporting