15 Questions
What is a business process?
A series of steps to achieve a desired result for an organization
Which category of business processes involves getting money for operations?
Revenue Processes
What is the first step in the Expenditure Processes according to the text?
Purchases
What is involved in the Conversion Processes?
Logistics and Engineering
What is the main focus of Fixed Asset Processes?
Overhead
Which of the following is a primary function of an accounting information system?
Recording and processing financial transactions
What is the purpose of internal controls in an organization?
All of the above
What is the smallest unit of data storage in a computer?
Bit
Which of the following is an example of a supply chain entity?
Vendors
What is the primary goal of business process reengineering (BPR)?
To make business processes more efficient
Which of the following is a primary objective of using information technology (IT) to support business processes?
All of the above
What is the purpose of the receiving function in an organization?
To handle the purchase process
Which of the following is a component of the supply chain?
Customers
What is the purpose of the shipping function in an organization?
To handle the sales process
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
Test your knowledge on business processes with this quiz covering the different categories such as Revenue Processes, Expenditure Processes, and Fixed Asset Processes. This quiz will help you understand the key terms and objectives related to various business processes.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
