BUAD 342 | UTK | Exam Questions and
Answers
For Profit - ANS-Organizations that strive to generate a profit (revenue in excess of
expenses)
Not for Profit - ANS-Strive to provide particular services to constituents (e.g.,
governments, educational, or charitable organizations)
Business Process - ANS-A collection of related activities that combine different
resources and inputs to create an output that is of value to the organization, it's stake
holders and/or its customers. These outputs may be products or services
Procure to Pay - ANS-The activities involved in acquiring, paying for, and maintaining
the goods and services needed by an organization (inputs)
Conversion Business Process - ANS-The activities necessary to convert raw inputs into
finished products and services. The bridge between Procure to Pay and Order to Cash
Order to Cash - ANS-The sequence of activities that collectively serve to attract and
retain customers, help customers select goods and services, deliver the goods and
services requested, and collect payments for the goods and services
Economic in Nature - ANS-Business events that increase or decrease the quantity of a
firm's economic (financial) resources
Batch Processing - ANS-Accumulated transaction data for a period of time to collected
a group (called a batch) of transaction data before proceeding with processing. Posted
the the master file at *one time*
Real-Time Processing - ANS-Denotes that transaction data are entered and processed
to update the relevant master files as the business event occurs. Data is input quick
enough to influence the outcome of an event
How is data accessed? - ANS-1. A user can input data directly (e.g., type, voice, scan,
screen touch)
2. A computer program can access data stored on a large medium (e.g., a cloud server,
a hard drive, network file server, USB, flash drive)
, ERP (Enterprise Resource Planning) - ANS-Internally focused and support operational
transaction and processing activities (e.g., O2C transaction processing, P2P transaction
processing, HR support, payroll, financial applications, cash management, general
ledger, and inventory/asset management
CRM (Customer Relationship Management) Software and SCM (Supply Chain
Management) Software - ANS-Help organizations manage relationships and
communications with external parties that play key roles in an organization's value chain
(customers, suppliers, other channel partners)
Traditional Database Approach - ANS-Based on the ideas that the same pool of data
can be shared between various application programs to create various views of the
same data
Database Design Steps - ANS-1. Mapping Reality (Understanding of Business Process
Needs)
2. Mapping the Conceptual Model into a Logical Model
3. Creating a Physical Database using DBMS software
Entities or Objects - ANS-The things about which an organization wants to collect data
Relationship Diagrams (ERDs) or Object Oriented (OO) Diagrams - ANS-A conceptual
model that documents entities or objects to show how various entities or objects are
related to each other
Relational Databases - ANS-Based on set theory and use a schema-on-write approach
Schema-on-Write Approach - ANS-The schema is designed up front and built to house
the data. Once data is collected, it is recorded where it was predetermined to be placed
Schema - ANS-A model of the data
Relational Database Schema organizes and stores data in... - ANS-...two-dimensional
tables consisting of rows and columns
Database Management System (DBMS) - ANS-The resource available to build and
manage data structures in an information system.
Developed to simplify and enhance the value of an organizations's data by reducing
data and programming redundancy, inconsistent data formats, and data
inconsistencies.
Allows the development and maintenance of the data repository to be independent from
application programs—thereby allowing database users to capture, maintain, and report
data while application developers are focused on the the physical structure and
maintenance of the data
Answers
For Profit - ANS-Organizations that strive to generate a profit (revenue in excess of
expenses)
Not for Profit - ANS-Strive to provide particular services to constituents (e.g.,
governments, educational, or charitable organizations)
Business Process - ANS-A collection of related activities that combine different
resources and inputs to create an output that is of value to the organization, it's stake
holders and/or its customers. These outputs may be products or services
Procure to Pay - ANS-The activities involved in acquiring, paying for, and maintaining
the goods and services needed by an organization (inputs)
Conversion Business Process - ANS-The activities necessary to convert raw inputs into
finished products and services. The bridge between Procure to Pay and Order to Cash
Order to Cash - ANS-The sequence of activities that collectively serve to attract and
retain customers, help customers select goods and services, deliver the goods and
services requested, and collect payments for the goods and services
Economic in Nature - ANS-Business events that increase or decrease the quantity of a
firm's economic (financial) resources
Batch Processing - ANS-Accumulated transaction data for a period of time to collected
a group (called a batch) of transaction data before proceeding with processing. Posted
the the master file at *one time*
Real-Time Processing - ANS-Denotes that transaction data are entered and processed
to update the relevant master files as the business event occurs. Data is input quick
enough to influence the outcome of an event
How is data accessed? - ANS-1. A user can input data directly (e.g., type, voice, scan,
screen touch)
2. A computer program can access data stored on a large medium (e.g., a cloud server,
a hard drive, network file server, USB, flash drive)
, ERP (Enterprise Resource Planning) - ANS-Internally focused and support operational
transaction and processing activities (e.g., O2C transaction processing, P2P transaction
processing, HR support, payroll, financial applications, cash management, general
ledger, and inventory/asset management
CRM (Customer Relationship Management) Software and SCM (Supply Chain
Management) Software - ANS-Help organizations manage relationships and
communications with external parties that play key roles in an organization's value chain
(customers, suppliers, other channel partners)
Traditional Database Approach - ANS-Based on the ideas that the same pool of data
can be shared between various application programs to create various views of the
same data
Database Design Steps - ANS-1. Mapping Reality (Understanding of Business Process
Needs)
2. Mapping the Conceptual Model into a Logical Model
3. Creating a Physical Database using DBMS software
Entities or Objects - ANS-The things about which an organization wants to collect data
Relationship Diagrams (ERDs) or Object Oriented (OO) Diagrams - ANS-A conceptual
model that documents entities or objects to show how various entities or objects are
related to each other
Relational Databases - ANS-Based on set theory and use a schema-on-write approach
Schema-on-Write Approach - ANS-The schema is designed up front and built to house
the data. Once data is collected, it is recorded where it was predetermined to be placed
Schema - ANS-A model of the data
Relational Database Schema organizes and stores data in... - ANS-...two-dimensional
tables consisting of rows and columns
Database Management System (DBMS) - ANS-The resource available to build and
manage data structures in an information system.
Developed to simplify and enhance the value of an organizations's data by reducing
data and programming redundancy, inconsistent data formats, and data
inconsistencies.
Allows the development and maintenance of the data repository to be independent from
application programs—thereby allowing database users to capture, maintain, and report
data while application developers are focused on the the physical structure and
maintenance of the data
