INMT Exam 1 Questions with Solutions

INMT Exam 1 Questions with Solutions First; second It is important that we focus on business ___________ and technology ___________. Relationships; software Second; first First; second Always; never Buying Procure to Pay (PTP) is the __________ business process. Information Conversion Buying Selling Selling Order to Cash (OTC) is the __________ business process. Hardest Fastest Selling Buying None of these. Which of the following is considered the point of sale in the Order to Cash business process? None of these. Receive Customer Order Receive Payment form Customer Receive and Inspect Goods True T/F: Procure to Pay and Order to Cash are interrelated. True False Distribute Which of the following is not an information processing event as described in this class? Distribute Record Report Maintain Converting raw materials into finished goods Conversion is the process of __________? Converting raw materials into finished goods Moving inventory from one warehouse to another. Buying goods as needed Selling goods to customers Source Data Automation (SDA) __________ is collecting data at its point of origin in digital form. Voice-to-Text Information Management Real-Time Processing Source Data Automation (SDA) Ticket Processing (sports or airline) Which of the following scenarios would most likely benefit from real-time processing instead of batch processing? Customer Billing None of these would benefit from real time processing. Ticket Processing (sports or airline) Payroll Processing Electronic Data Interchange (EDI) When one company wants to share its data with another company without human interaction, they should use __________. Email Batch Processing Electronic Data Interchange (EDI) Hard Drives Procure to Pay Kyle works in the Receiving Department at Jefferson Appliances. When goods are received from suppliers, Kyle inspects them and sends them to the warehouse. He then forwards a copy of the receiving report to Sarah, the account payables clerk in the Accounting Department. When it is time to pay for the goods, Sarah prepares and mails a check to the supplier. From the perspective of Jefferson Appliances, which business process is being described above? Order to Cash Procure to Pay Receive and Inspect Goods Conversion