BUS 301 EXAM 1 STUDY GUIDE
Business Process - Answers - Input in - Output out,
Specific tasks that drive business value
Data Integrity - Answers - the accuracy and consistency (validity) of data
over its lifecycle
Function Silo - Answers - The gathering of data to fulfill a need for single
areas of your business
Latency - Answers - nothing happens, causing inefficiencies
3 types of ERP SAP data - Answers - Organizational
Master
Transactional
Organizational data - Answers - the legal and regulatory reporting structure
of an organization
Master data - Answers - Data repeatedly used in a system and is used to
create a transaction
Transactional Data - Answers - history of what's been done, made, sold,
bought, who, how much
Value added activity - Answers - activities that add value to organization
Non-value added activity - Answers - generate zero or negative return on
investment
Efficiency - Answers - defines how well we are executing our standard
process from the standpoint of time, quality, and resources being
consumed
Effectiveness - Answers - illustrates how well a process achieved the
organizational goals with which it is aligned
Business Process - Answers - Input in - Output out,
Specific tasks that drive business value
Data Integrity - Answers - the accuracy and consistency (validity) of data
over its lifecycle
Function Silo - Answers - The gathering of data to fulfill a need for single
areas of your business
Latency - Answers - nothing happens, causing inefficiencies
3 types of ERP SAP data - Answers - Organizational
Master
Transactional
Organizational data - Answers - the legal and regulatory reporting structure
of an organization
Master data - Answers - Data repeatedly used in a system and is used to
create a transaction
Transactional Data - Answers - history of what's been done, made, sold,
bought, who, how much
Value added activity - Answers - activities that add value to organization
Non-value added activity - Answers - generate zero or negative return on
investment
Efficiency - Answers - defines how well we are executing our standard
process from the standpoint of time, quality, and resources being
consumed
Effectiveness - Answers - illustrates how well a process achieved the
organizational goals with which it is aligned
