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BUAD 342 exam 1 Questions with Detailed
Verified Answers
selling "things" event
Ans: Order to cash process
Order to cash process
Ans: 1. market (market goods or services)
2. negotiate (negotiate terms of a sales order)
3. select and inspect
4. prepare (prepare goods/services for delivery)
5. deliver (deliver goods/services to customer)
6. receive payment
7. negotiate (negotiate terms/accept return)
Buying "things" event
Ans: procure to pay process
Procure to Pay process
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Ans: 1. identify (identify a need)
2. negotiate (negotiate a purchase order)
3. receive and inspect
4. store/maintain
5. pay vendor
6. return (return of goods to vendor)
How is data captured?
Ans: Source Data Automation (SDA)
Source Data Automation (SDA)
Ans: collecting data
at its point of origin in digital form
example of source data automation (SDA)
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Ans: ·Magnetic Ink Character Recognition (MICR) (such as those on checks)
·Bar Code Reader/Scanner
·Optical Character Recognition (OCR)
·Magnetic Strip on credit cards
·Credit card chips
·RFID - radio frequency identification devices
·Touch screens
·Voice recognition & other biometrics devices
EDI- Electronic Data Interchange
Ans: (Electronic Data Interchange) when two business companies collaborate to work
together a lot of data exchange takes place- bills, invoices, payment documents,
shipping details (no humans involved)
How is data stored?
Ans: DBMS- database management system
DBMS
Ans: Database management system, a software suite designed to organize and search
data.
rows
© Get it right 2025 Getaway - Stuvia US All rights reserved
BUAD 342 exam 1 Questions with Detailed
Verified Answers
selling "things" event
Ans: Order to cash process
Order to cash process
Ans: 1. market (market goods or services)
2. negotiate (negotiate terms of a sales order)
3. select and inspect
4. prepare (prepare goods/services for delivery)
5. deliver (deliver goods/services to customer)
6. receive payment
7. negotiate (negotiate terms/accept return)
Buying "things" event
Ans: procure to pay process
Procure to Pay process
© Get it right 2025 Getaway - Stuvia US All rights reserved
,Click here for more: Scholars nexus
Ans: 1. identify (identify a need)
2. negotiate (negotiate a purchase order)
3. receive and inspect
4. store/maintain
5. pay vendor
6. return (return of goods to vendor)
How is data captured?
Ans: Source Data Automation (SDA)
Source Data Automation (SDA)
Ans: collecting data
at its point of origin in digital form
example of source data automation (SDA)
© Get it right 2025 Getaway - Stuvia US All rights reserved
, Click here for more: Scholars nexus
Ans: ·Magnetic Ink Character Recognition (MICR) (such as those on checks)
·Bar Code Reader/Scanner
·Optical Character Recognition (OCR)
·Magnetic Strip on credit cards
·Credit card chips
·RFID - radio frequency identification devices
·Touch screens
·Voice recognition & other biometrics devices
EDI- Electronic Data Interchange
Ans: (Electronic Data Interchange) when two business companies collaborate to work
together a lot of data exchange takes place- bills, invoices, payment documents,
shipping details (no humans involved)
How is data stored?
Ans: DBMS- database management system
DBMS
Ans: Database management system, a software suite designed to organize and search
data.
rows
© Get it right 2025 Getaway - Stuvia US All rights reserved
