VERIFIED ANSWERS
t - CORRECT ANSWER t or f: One of the four functional areas of operation is
Human Resources (HR).
f - CORRECT ANSWER t or f: Historically, businesses have had organizational
structures that separated the functional areas, but business schools have not been
organized like that.
t - CORRECT ANSWER t or f: Information systems that are designed so functional
areas share data are called integrated information system.
f - CORRECT ANSWER t or f: Sales forecast are historical records of sales.
t - CORRECT ANSWER t or f: The business process of Cash Flow Management in
handled under the Accounting and Finance.
f - CORRECT ANSWER t or f: The functional are of Supply Chain Management
(SCM) sets prices.
t - CORRECT ANSWER t or f: When manufacturing runs out of raw materials, it's
known as a stockout.
t - CORRECT ANSWER t or f: To avoid stockout, manufactures might carry extra raw
materials. This excess is known as safety stock.
, f - CORRECT ANSWER t or f: Accounts receivable are recorded by Human
Resources department (HR).
f - CORRECT ANSWER t or f: The business function of government compliance falls
under the Supply Chain Management Functional area of operation.
b - CORRECT ANSWER Which of the following is a functional area of operation?
a. packaging
b. supply chain management
c. shipping
d. baking
a - CORRECT ANSWER Which business function is performed by accounting and
finance?
a. cost allocation and control
b. taking sales orders
c. benefits
d. plant maintenance
c - CORRECT ANSWER What are the computers, people, procedures, and software
that store, organize, and deliver information in an organization?
a. The CPU
b. The process system
c. Information system