01 Chapter Fundamentals of Processes Review Questions 1. A sequence of tasks/activities that takes a set of inputs and converts them into the desired output is called a. The procurement process b. The fulfillment process c. A business process d. An Enterprise system e. A functional information system 2. Which of the following is a consequence of poor communication and coordination between process steps? a. Increased visibility into the process b. Decreased inventory levels c. Inconsistent data between process steps d. Reduced lead times e. Reduced cycle times 3. Which of the following processes is concerned with reporting to meet regulatory requirements a. Financial accounting b. Management accounting c. Asset management d. Project management e. Life cycle data management 4. Which of the following are consequences of poor coordination between process steps? (MA) a. Delays in process execution b. Reduced inventory c. Inconsistent data d. The silo effect e. Decreased lead times 5. Delays in a manual process are caused by: a. Paperwork creation b. Communicating data between steps c. Lack of visibility d. Increased lead times e. Increased cycle times 6. Consequences of poor communication and coordination include: a. Increased cycle times b. Increased lead times c. Excess inventory d. Lack of visibility across the process 7. Which of the following are characteristics of processes that are by supported enterprise systems? (MA) a. Each functional area is supported by a separate functional system that reduces duplication of data b. There is increased data consistency c. There is increased visibility into the process
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d. There is reduced efficiency as it takes less time to execute process steps e. There is a greater dependence on technology Which of the following processes are considered logistics processes? (MA) a. Financial accounting b. Procurement c. Fulfillment d. Asset management e. Material planning Which of the following are considered financial processes? (MA) a. Project management b. Life cycle data management c. Financial accounting d. Asset management e. Management accounting A focus on process goals at the expense of functional goals is called the silo effect. a. True b. False The silo effect results in the optimization of process goals rather than functional goals. a. True b. False One of the consequences of poor communication and coordination between process steps is delays a. True b. False One role of enterprise systems is to provide data needed to execute process steps a. True b. False The fulfillment process is concerned with making needed materials a. True b. False Financial accounting is concerned tracking the financial impact of process steps and has a primarily internal (to the company) focus a. True b. False