MIS 304 Exam 3 questions with correct answers

Chapter 7 Answer .... Core Business Processes Answer Traditional business functions: Marketing and sales, supply chain management, accounting and finance, and human resources Not distinct independent silos, but instead highly interrelated. Business Processes cross boundaries of business functions. Order-to-cash Process Answer The process associated with selling a product or service. Process is involved in generating revenue. Create customer record-- check credit-- create order-- allocate stock-- pick, pack and ship-- prepare and send invoice-- collect payment. Procure-to-pay Process Answer The processes associated with procuring goods from external vendors. Negotiate price and terms-- issue purchase order-- receive goods-- receive invoice-- settle payment. Make-to-Stock process Answer The process associated with producing goods. Goods are produced based on forecasts and are stocked in a warehouse (push-based approach) Procure inputs-- schedule production-- production-- Quality control-- stock product. Make-to-Order Process Answer Th