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A copy b run c modify d redistribute correct ans b

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A. copyB. runC. modifyD. redistributeCorrect AnsB. runWhat five distinct functional areas are present in a company?Correct AnsMarketing and sales, supply chain management, manufacturing andoperations, accounting and finance, and human resources.What is order-to-cash?Correct Ansthe processes associated withselling a product or service; for most companies, the order-to-cash processentails subprocesses such as creating customer records, checking customer'screditworthiness, creating orders, checking and allocating stock, picking,packing, shipping, invoicing, and collecting paymentWhat is procure-to-pay?Correct Ansprocesses associated withprocuring goods from external vendors; subprocesses include price and termnegotiations, issuing of the purchase order, receiving goods, and receivingand paying the invoicesWhat is make-to-stock?Correct Ansgoods are produced based onforecasts and are stocked in a warehouse, customers' orders are thenfulfilled from inventory; push-based approachWhat is make-to-order?Correct Ansraw materials, subcomponents,and accessories are procured based on forecasts, but actual manufacturingdoes not start until an order is received; pull-based approachWhat are core activities?Correct Ansactivities performed by thefunctional areas that process inputs and produce outputs; include inbound
logistics, operations and manufacturing, outbound logistics, marketing andsales, and customer serviceWhat are support activities?Correct Ansbusiness activities thatenable the primary activities to take place; includes administrative activities,infrastructure, human resources, technology development, and procurementHow can the value chain be used?Correct AnsOriginally, the valuechain framework was developed for analyzing the value-adding activities ofmanufacturing industries. It can also be used to understand service-basedindustries. While service activities don't always perfectly map to Porter'svalue chain steps, there are clearly a set of integrated or related service-oriented activities that provide value to a consumer.What is a value system?Correct Ansallows information to flow fromone company's value chain to another company's value chainWhat is an upstream information flow?Correct Ansconsists ofinformation that is received from another organizationWhat is a downstream information flow?Correct Ansrelates to theinformation that is produced by a company and sent along to anotherorganizationWhat are standalone applications?Correct Anssystems that focuson the specific needs of individual departments and are typically notdesigned to communication with other systems in an organization; can causeinefficienciesWhat are legacy systems?Correct Anslegacy systems are thosestandalone applications that are fast approaching or beyond the end of theiruseful life within the organizationWhat is an enterprise-wide information system?Correct Ansanintegrated suite of business applications for virtually every business process,which allows companies to integrate data across functional areas on acompany-wide basisWhat are internally focused systems?
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