BNAD 100 Test #2 Study Guide 100% Solved
ERP systems - ANSWER business process management software that allows an
organization to use a system of integrated applications to manage the business and
automate many back office functions related to technology, services and human
resources
Cold Chain - ANSWER A temperature-controlled supply chain. An unbroken cold chain is
an uninterrupted series of storage and distribution activities which maintain a given
temperature range.
Supply Chain Management(SCM) - ANSWER the management of the flow of goods and
services. It includes the movement and storage of raw materials, work-in-process
inventory, and finished goods from point of origin to point of consumption
Annual inventory cycles - ANSWER process where a business physically counts its
entire inventory
Spot Cycle counts - ANSWER counting a small amount of inventory each day, with the
intent of cycling through the entire inventory on an ongoing basis
Logistics - ANSWER the management of the flow of things between the point of origin
and the point of consumption in order to meet requirements of customers or
corporations
Which one of these is not part of the supply chain?
A. Supply Management
B. Purchasing
C. Logistics
D. Marketing - ANSWER Marketing
Who has a larger Supply Chain network?
A. Craft breweries
B. Macro breweries
C. They are the same
D. What's a supply chain? - ANSWER B. Macro breweries
Which of the following elements are required in a beer supply chain?
A. Raw materials such as
, malt, hops and yeast
B. Aging of finished products
C. Multiple types of packaging
D. All of the above - ANSWER D. All of the above
Distribution includes all of the following except:
A. Warehousing
B. Delivery
C. Manufacturing
D. Logistics - ANSWER D. Logistics
What is an advantage to having a better Supply chain?
A. Savings to the bottom line
B. Longer lead times
C. More damaged product
D. I have no clue - ANSWER A. Savings to the bottom line
Accounting - ANSWER the process of systematically collecting, analyzing, and reporting
financial information
Treasury - ANSWER The management of the money that is taken in and paid out by a
government, business, organization, etc.
Disbursment - ANSWER Payment by an agent or professional on behalf of a principal or
client who is presented with a bill for its reimbursement.
Reciept - ANSWER Formal, written acknowledgment that something of value has been
received.
Tax Compliance - ANSWER Degree to which a taxpayer complies (or fails to comply)
with the tax rules of his country, for example by declaring income, filing a return, and
paying
the tax due in a timely manner.
Reconciliation - ANSWER Item by item examination of two related sets of figures
obtained from different sources. Most commonly, this term is applied to bank
reconciliation.
Variance - ANSWER The difference between an expected and actual result, such as
between a budget and actual expenditure.
ERP systems - ANSWER business process management software that allows an
organization to use a system of integrated applications to manage the business and
automate many back office functions related to technology, services and human
resources
Cold Chain - ANSWER A temperature-controlled supply chain. An unbroken cold chain is
an uninterrupted series of storage and distribution activities which maintain a given
temperature range.
Supply Chain Management(SCM) - ANSWER the management of the flow of goods and
services. It includes the movement and storage of raw materials, work-in-process
inventory, and finished goods from point of origin to point of consumption
Annual inventory cycles - ANSWER process where a business physically counts its
entire inventory
Spot Cycle counts - ANSWER counting a small amount of inventory each day, with the
intent of cycling through the entire inventory on an ongoing basis
Logistics - ANSWER the management of the flow of things between the point of origin
and the point of consumption in order to meet requirements of customers or
corporations
Which one of these is not part of the supply chain?
A. Supply Management
B. Purchasing
C. Logistics
D. Marketing - ANSWER Marketing
Who has a larger Supply Chain network?
A. Craft breweries
B. Macro breweries
C. They are the same
D. What's a supply chain? - ANSWER B. Macro breweries
Which of the following elements are required in a beer supply chain?
A. Raw materials such as
, malt, hops and yeast
B. Aging of finished products
C. Multiple types of packaging
D. All of the above - ANSWER D. All of the above
Distribution includes all of the following except:
A. Warehousing
B. Delivery
C. Manufacturing
D. Logistics - ANSWER D. Logistics
What is an advantage to having a better Supply chain?
A. Savings to the bottom line
B. Longer lead times
C. More damaged product
D. I have no clue - ANSWER A. Savings to the bottom line
Accounting - ANSWER the process of systematically collecting, analyzing, and reporting
financial information
Treasury - ANSWER The management of the money that is taken in and paid out by a
government, business, organization, etc.
Disbursment - ANSWER Payment by an agent or professional on behalf of a principal or
client who is presented with a bill for its reimbursement.
Reciept - ANSWER Formal, written acknowledgment that something of value has been
received.
Tax Compliance - ANSWER Degree to which a taxpayer complies (or fails to comply)
with the tax rules of his country, for example by declaring income, filing a return, and
paying
the tax due in a timely manner.
Reconciliation - ANSWER Item by item examination of two related sets of figures
obtained from different sources. Most commonly, this term is applied to bank
reconciliation.
Variance - ANSWER The difference between an expected and actual result, such as
between a budget and actual expenditure.
