TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
IDIS 344 exam 1 Study Guide with
Complete Solutions
ERP - ✔️✔️Correct-enterprise resource planning
biggest threat in cybersecurity - ✔️✔️Correct-employees
who is most responsible for cybersecurity? - ✔️✔️Correct-decision maker
"goldilocks" theory - ✔️✔️Correct-stock just the right amount of inventory
3 tiers of product catalog - ✔️✔️Correct-section, group, category
upselling - ✔️✔️Correct-selling associated products, upgrades or add-ones to make a
profitable sale
cost - ✔️✔️Correct-what distributor pays for item
price - ✔️✔️Correct-what customer pays for item
markup - ✔️✔️Correct-difference between price & cost
table files - ✔️✔️Correct-user defined set of parameters used by system
market cost - ✔️✔️Correct-higher than replacement to allow for fudge factor
replacement cost - ✔️✔️Correct-cost of item from vendor
weighted average cost - ✔️✔️Correct-true cost of inventory; recalculated when purchase
order is received
what is the heart of any ERP system? - ✔️✔️Correct-inventory control & management
1/6
, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
customer item visibility - ✔️✔️Correct-customer's understanding of how much an item
costs
purchase order - ✔️✔️Correct-how you buy from vendor
sales order - ✔️✔️Correct-how customer buys from you
what determines at least 1/2 of a firm's profitability situation? - ✔️✔️Correct-pricing
decision-making process
3 C's of pricing - ✔️✔️Correct-cost, competition, customer
gross margin dollars - ✔️✔️Correct-total gross margin dollars generated by each
customer over a certain period of time
price sheet master 3 prices - ✔️✔️Correct-manufacturer's list, our list, trade
price sheet master 2 costs - ✔️✔️Correct-market & replacement
where does price from sales order come from? - ✔️✔️Correct-pricing hierarchy
hierarchy is set of _________ inputted by user that include various discount options -
✔️✔️Correct-guidelines
price comes from calculation of- - ✔️✔️Correct-discount profile
cost comes from- - ✔️✔️Correct-table file
activities employed in maintaining optimum number of each inventory item; objective is
to provide uninterrupted production, sales & CSLs at minimum cost - ✔️✔️Correct-
inventory management
specific group of products - ✔️✔️Correct-product line
2/6
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
IDIS 344 exam 1 Study Guide with
Complete Solutions
ERP - ✔️✔️Correct-enterprise resource planning
biggest threat in cybersecurity - ✔️✔️Correct-employees
who is most responsible for cybersecurity? - ✔️✔️Correct-decision maker
"goldilocks" theory - ✔️✔️Correct-stock just the right amount of inventory
3 tiers of product catalog - ✔️✔️Correct-section, group, category
upselling - ✔️✔️Correct-selling associated products, upgrades or add-ones to make a
profitable sale
cost - ✔️✔️Correct-what distributor pays for item
price - ✔️✔️Correct-what customer pays for item
markup - ✔️✔️Correct-difference between price & cost
table files - ✔️✔️Correct-user defined set of parameters used by system
market cost - ✔️✔️Correct-higher than replacement to allow for fudge factor
replacement cost - ✔️✔️Correct-cost of item from vendor
weighted average cost - ✔️✔️Correct-true cost of inventory; recalculated when purchase
order is received
what is the heart of any ERP system? - ✔️✔️Correct-inventory control & management
1/6
, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
customer item visibility - ✔️✔️Correct-customer's understanding of how much an item
costs
purchase order - ✔️✔️Correct-how you buy from vendor
sales order - ✔️✔️Correct-how customer buys from you
what determines at least 1/2 of a firm's profitability situation? - ✔️✔️Correct-pricing
decision-making process
3 C's of pricing - ✔️✔️Correct-cost, competition, customer
gross margin dollars - ✔️✔️Correct-total gross margin dollars generated by each
customer over a certain period of time
price sheet master 3 prices - ✔️✔️Correct-manufacturer's list, our list, trade
price sheet master 2 costs - ✔️✔️Correct-market & replacement
where does price from sales order come from? - ✔️✔️Correct-pricing hierarchy
hierarchy is set of _________ inputted by user that include various discount options -
✔️✔️Correct-guidelines
price comes from calculation of- - ✔️✔️Correct-discount profile
cost comes from- - ✔️✔️Correct-table file
activities employed in maintaining optimum number of each inventory item; objective is
to provide uninterrupted production, sales & CSLs at minimum cost - ✔️✔️Correct-
inventory management
specific group of products - ✔️✔️Correct-product line
2/6
