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Business Processes Overview Quiz

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Questions and Answers

What is a business process?

A series of steps to achieve a desired result for the government

A series of steps to achieve a desired result for an individual

A series of steps to achieve a desired result for an organization (correct)

A series of steps to achieve a desired result for a community

Which category of business processes involves getting money for operations?

Expenditure Processes

Conversion Processes

Fixed Asset Processes

Revenue Processes (correct)

What is the first step in the Expenditure Processes according to the text?

Payroll

Purchase Returns

Purchases (correct)

Cash Disbursements

What is involved in the Conversion Processes?

Logistics and Engineering Signup and view all the answers

What is the main focus of Fixed Asset Processes?

Overhead Signup and view all the answers

Which of the following is a primary function of an accounting information system?

Recording and processing financial transactions Signup and view all the answers

What is the purpose of internal controls in an organization?

All of the above Signup and view all the answers

What is the smallest unit of data storage in a computer?

Bit Signup and view all the answers

Which of the following is an example of a supply chain entity?

Vendors Signup and view all the answers

What is the primary goal of business process reengineering (BPR)?

To make business processes more efficient Signup and view all the answers

Which of the following is a primary objective of using information technology (IT) to support business processes?

All of the above Signup and view all the answers

What is the purpose of the receiving function in an organization?

To handle the purchase process Signup and view all the answers

Which of the following is a component of the supply chain?

Customers Signup and view all the answers

What is the purpose of the shipping function in an organization?

To handle the sales process Signup and view all the answers

What is the term used to describe the complete automation and integration of all business systems, including those connected to customers and suppliers?

Digital transformation Signup and view all the answers