MISY 5310 MID-TERM STUDY GUIDE
QUESTIONS AND SOLUTIONS 2026
CORRECT ANSWERS GRADED A+
⩥ Business Process. Answer: a set of tasks or activities that produce
desired outcomes
⩥ Enterprise Systems (ES). Answer: systems that support end to end
processes and are essential to the efficient and effective execution and
management of business process
⩥ Controlling. Answer: aka management accounting
tracking costs and revenues for internal reporting that is intended to help
management control costs and revenues and assess the profitability pf
products and market segments
⩥ Financial Accounting (FI) Processes. Answer: (track-external)
tracking the financial impacts of processes with the primary goal of
meeting legal and regulatory reporting requirements
⩥ Fulfillment Process. Answer: the steps involved in selling and
delivering products to customers
,⩥ Functional Structure. Answer: an organizational structure dividing the
company into departments, each of which is responsible for a set of
closely related activities
⩥ Global Bike Incorporated (GBI). Answer: fictional company used to
describe the processes in our text book
⩥ Inventory and Warehouse (IWM) process. Answer: (store) involved
with the storage and movement of materials
⩥ Human Capital Management (HCM) processes. Answer: (people)
focus on people management: recruiting, hiring, training, compensation
and business management
⩥ Life cycle data management process. Answer: (design) supports the
design and development of products from initial product idea stage
through discontinuation of the product
⩥ Management accounting or controlling (CO) processes. Answer:
(track-internal) focus on internal reporting to manage costs and revenues
⩥ material. Answer: all the products, components, parts that
organization uses
, ⩥ Material planning process. Answer: (plan) uses historical data and
sales forecasts to plan which materials will be procured and produced
and in what quantities
⩥ procurement process. Answer: (buy) refers to all activities involved in
buying or acquiring the materials
⩥ Production Process. Answer: (make) involves the actual creation of
the products within the organization
⩥ project. Answer: temporary in nature and is typically associated with
large, complex activities
⩥ project management process. Answer: (projects) used to plan and
execute large projects
⩥ silo effect. Answer: a functional area will perform the steps in their
process without fully understanding the the steps before them or the
steps after
⩥ Application layer. Answer: What the application allows you to do
(create formulas or charts, compose and essay)
QUESTIONS AND SOLUTIONS 2026
CORRECT ANSWERS GRADED A+
⩥ Business Process. Answer: a set of tasks or activities that produce
desired outcomes
⩥ Enterprise Systems (ES). Answer: systems that support end to end
processes and are essential to the efficient and effective execution and
management of business process
⩥ Controlling. Answer: aka management accounting
tracking costs and revenues for internal reporting that is intended to help
management control costs and revenues and assess the profitability pf
products and market segments
⩥ Financial Accounting (FI) Processes. Answer: (track-external)
tracking the financial impacts of processes with the primary goal of
meeting legal and regulatory reporting requirements
⩥ Fulfillment Process. Answer: the steps involved in selling and
delivering products to customers
,⩥ Functional Structure. Answer: an organizational structure dividing the
company into departments, each of which is responsible for a set of
closely related activities
⩥ Global Bike Incorporated (GBI). Answer: fictional company used to
describe the processes in our text book
⩥ Inventory and Warehouse (IWM) process. Answer: (store) involved
with the storage and movement of materials
⩥ Human Capital Management (HCM) processes. Answer: (people)
focus on people management: recruiting, hiring, training, compensation
and business management
⩥ Life cycle data management process. Answer: (design) supports the
design and development of products from initial product idea stage
through discontinuation of the product
⩥ Management accounting or controlling (CO) processes. Answer:
(track-internal) focus on internal reporting to manage costs and revenues
⩥ material. Answer: all the products, components, parts that
organization uses
, ⩥ Material planning process. Answer: (plan) uses historical data and
sales forecasts to plan which materials will be procured and produced
and in what quantities
⩥ procurement process. Answer: (buy) refers to all activities involved in
buying or acquiring the materials
⩥ Production Process. Answer: (make) involves the actual creation of
the products within the organization
⩥ project. Answer: temporary in nature and is typically associated with
large, complex activities
⩥ project management process. Answer: (projects) used to plan and
execute large projects
⩥ silo effect. Answer: a functional area will perform the steps in their
process without fully understanding the the steps before them or the
steps after
⩥ Application layer. Answer: What the application allows you to do
(create formulas or charts, compose and essay)
