MIS Final Exam

A packing list is associated with accounting in the procurement process.

False

A purchase order is a document that identifies the material needed, the quantity needed, and the date it is needed.

False

A purchase order is a document that provides details about the materials contained in the shipment.

False

A purchase order is associated with sales in the procurement process.

False

A purchase requisition is a commitment to purchase the specified quantity of the specified material.

False

A purchase requisition is associated with purchasing in the procurement process.

False

An invoice is a document that verifies that the specified goods have been received.

False

An invoice is associated with purchasing in the procurement process.

False

CRM systems are intra-organizational systems.

False

CRM systems link a company with its suppliers.

False

Customer data is an example of transaction data in an ES.

False

Dates, times, and locations are examples of organizational data in an ES.

False

In the client server architecture the data, applications and presentation are all included in one system.

False

One purchase requisition can be converted to only one purchase order.

False

PLM systems are concerned with purchasing materials from suppliers.

False

SRM systems are intra-organizational systems.

False

The packing list is part of the invoice receipt step in the Purchasing Process.

False

Under the term "FOB shipping point," the seller "owns" the material once it is shipped.

False

Vendor data is an example of organizational data in an ES.

False

A goods receipt is a document that verifies that the specified goods have been received.

True

A packing list is a document that provides details about the materials contained in the shipment.

True

A packing list is associated with the warehouse in the procurement process.

True

A purchase order is a commitment to purchase the specified quantity of the specified material.

True

A purchase order is associated with purchasing in the procurement process.

True

A purchase requisition is a document that identifies the material needed, the quantity needed, and the date it is needed.

True

A purchase requisition is associated with the warehouse in the procurement process.

True

A three-way match is necessary before payment is made.

True

An invoice is associated with accounting in the procurement process.

True

CRM systems link a company with its customers.

True

Customer data is an example of master data in an ES.

True

Dates, times, and locations are examples of transaction data in an ES.

True

One purchase requisition can be converted to more than one purchase order.

True

PLM systems are concerned with managing a product's life cycle.

True

The packing list is part of the receive goods step in the Purchasing Process.

True

Under the term "FOB shipping point," the buyer "owns" the material once it is shipped.

True

Vendor data is an example master data in an ES.

True

Which of the following documents is an agreement to purchase?

a. Invoice *b. Purchase Order c. Goods Receipt Document d. Purchase Requisition

In which of the following documents is the price of the materials not relevant?

a. Invoice *b. Purchase Requisition *c. Good Receipt Document *d. Packing List e. Purchase Order

Which of the following documents identifies the material needed, the quantity needed, and the date it is needed?

a. Invoice b. Goods Receipt Document c. Packing List *d. Purchase Requisition

Which of the following documents verifies that the specified goods have been received?

a. Invoice b. Purchase Order *c. Goods Receipt Document d. Packing List

Which of the following documents informs about the contents in a shipment?

a. Invoice b. Purchase Order c. Goods Receipt Document *d. Packing List

____________ includes a list of all the materials needed to produce the quantity of finished goods stated in the production order.

a. balance sheet b. stock requirements list *c. material withdrawal slip d. planned order status

Which of the following is NOT part of the 3-tier architecture?

a. presentation layer b. application layer c. data layer *d. hardware layer

An invoice does not include which of the following data?

a. price/cost b. F.O.B. Point c. quantity *d. requested delivery date

A purchase order does not include which of the following data?

a. price/cost b. F.O.B. Point c. quantity *d. requisition number

Which of the following identifies the parts needed to make one unit of a product?

a. product routing *b. bill of material c. engineering drawing d. packing list

Which of the following is the result of the product design process?

a. product routing b. bill of material *c. engineering drawing d. packing list

Which of the following was the earliest stage in the evolution of enterprise systems?

a. service oriented architecture (SOA) b. client-server architecture c. process oriented architecture *d. stand-alone mainframe architecture

When using an ES, which of the following is a key tool to review the current status of a specific order?

a. stock requirements list b. material withdrawal slip c. planned order status *d. production order status

Which of the following is an example of master data? Data about:

*a. Customers b. Purchase Orders c. Sales Organizations d. Company Codes

Which of the following is the correct sequence of steps in the Procurement Process?

*a. Create Requisition, Create & Send PO, Receive Shipment, Receive Invoice, Send Payment b. Create & Send PO, Receive Requisition, Receive Shipment, Receive Invoice, Send Payment c. Create & Send PO, Receive Shipment, Create Requisition, Receive Invoice, Send Payment d. Create Requisition, Create & Send PO, Receive Customer Acknowledgment, Receive Shipment, Receive Invoice

Which of the following steps in the procurement process do not have a financial impact on the company that is buying materials?

*a. Create purchase requisition b. Receive shipment from vendor *c. Receive invoice form vendor *d. Create and send purchase order e. Send payment to vendor

Enterprise system application suites include which of the following systems?

*a. Enterprise Resource Planning (ERP) systems *b. Supply Chain Management (SCM) systems *c. Suppler Relationship Management (SRM) systems *d. Customer Relationship Management (CRM) systems *e. Product Lifecycle Management (PLM) systems

Which of the following documents is sent to accounting for payment?

*a. Invoice b. Purchase Order c. Packing List d. Purchase Requisition

In which of the following documents is the price of the materials relevant?

*a. Invoice b. Purchase Requisition c. Good Receipt Document d. Packing List *e. Purchase Order

_______ provides written authorization to the shop floor to produce the stated quantity of products.

*a. Production Order b. Planned Order c. Purchase Order d. Sales Order

A three-way match involves which of the following documents?

*a. Purchase Order *b. Goods Receipt Document *c. Invoice d. Purchase Requisition e. Packing List

Which of the following are key data in a purchase order when the order is first created?

*a. Quantity of material ordered *b. Requested Delivery Date *c. Prices of the material ordered d. Date the order was shipped *e. Purchase order number

Which of the following are key data in a purchase requisition when the requisition is first created?

*a. Quantity of material requested *b. Requested Delivery Date c. Prices of the material ordered d. Date the order was shipped e. Purchase order number

Which of the following is the sequence of activities in the Production Process?

*a. Request Production, Authorize Production, Issue raw Materials, Create Product, Receive Finished Goods b. Request Production, Issue raw Materials, Authorize Production, Create Product, Receive Finished Goods c. Authorize Production, Issue raw Materials, Request Production, Create Product, Receive Finished Goods d. Request Production, Authorize Production, Create Product, Issue raw Materials, Receive Finished Goods

Which of the following are examples of instance-level information relevant to the procurement process?

*a. When did we receive the goods? *b. Was the invoice received? If so, when? c. When did the warehouse ship the order out? *d. What was the total of the payment? e. How long did it take to send the shipment after creating a sales order?

Which of the following are examples of instance-level information relevant to the procurement process?

*a. When did we receive the goods? b. Was the invoice sent? If so, when? c. Which suppliers are prompt and which ones are habitually late in delivering the materials ordered? *d. What was the total of the invoice? e. How long did it take to send the shipment after creating a sales order?

Which of the following are examples of process-level information relevant to the procurement process?

*a. Which suppliers are prompt and which ones are habitually late in delivering the materials ordered? *b. Which materials are purchased most frequently? c. Which materials are produced most often? d. Which customer buys most frequently? *e. What is the average time between sending a purchase order and receiving the shipment?

Which of the following are examples of process-level information relevant to the procurement process?

*a. Which suppliers are prompt and which ones are habitually late in delivering the materials ordered? b. Which materials are sold most frequently? c. Which materials are produced most often? *d. Which vendor does SSB buy from the most frequently? e. What is the average time between creating a sales order and sending the shipment?

___________ involves taking a number of component materials, such as a board, nuts and bolts, and putting them together to produce the desired finished product, such as a skateboard.

*a. assembling b. manufacturing c. discrete manufacturing d. process manufacturing

How does the recipient of a shipment know which order the shipment is for?

*a. by referencing the order number included in the accompanying packing list b. by referencing the order number included in the accompanying purchase order c. by matching the material in the shipment with one of the unfilled purchase orders d. by performing a three-way match of key documents

Which of the following are components of an ES?

*a. hardware *b. software *c. database d. people e. network

Which of the following are types of data in an ES?

*a. organizational data *b. master data *c. transaction data d. income statement e. balance sheet

Which of the following is part of the 3-tier architecture?

*a. presentation layer *b. application layer *c. data layer d. hardware layer

A purchase requisition does not include which of the following data?

*a. price/cost b. F.O.B. Point c. quantity d. requested delivery date

A goods receipt does not include which of the following data?

*a. price/cost b. quantity received c. quantity ordered d. backorder quantity

A packing list does not include which of the following data?

*a. price/cost b. weight c. quantity d. ship date

Which of the following defines the steps or operations necessary to create the product?

*a. product routing b. bill of material c. engineering drawing d. packing list

Which of the following is the latest stage in the evolution of enterprise systems?

*a. service oriented architecture (SOA) b. client-server architecture c. process oriented architecture d. presentation layer

Which of the following are stages in the evolution of enterprise systems?

*a. stand-alone mainframe systems b. packaged applications *c. client-server architecture *d. service oriented architecture e. SAP

What document is the only document created by the purchasing department?

a. Invoice *b. Purchase Order c. Goods Receipt Document d. Purchase Requisition

Which of the following payment terms means that payment is due in 30 days, but the payer will get a 3% discount if payment is made within 10 days?

a. 10%30/Net 10 *b. 3%10/Net 30 c. Net 10/30 d. 10%3/Net 30

Under which of the following payment terms is payment due in 30 days, but the payer will get a 1% discount if payment is made within 7 days?

a. 7%30/Net 10 *b. 1%7/Net 30 c. Net 7/30 d. 7%1/Net 30

___________ is taking raw materials, such as plastic pellets, and creating something from them, such as a plate or a cup.

a. Assembling *b. Manufacturing c. Discrete manufacturing d. Process manufacturing

Which of the following steps in the procurement process have a financial impact on the company that is buying materials?

a. Create purchase requisition *b. Receive shipment from vendor c. Receive invoice form vendor d. Create and send purchase order *e. Send payment to vendor

Which of the following is an example of organizational data? Data about:

a. Customers b. Vendors *c. Sales Organizations d. Material

Which of the following materials does Super Skateboard Builders (SSB), Inc. NOT make?

a. Entry-Level Skateboard *b. Hooded Sweatshirt c. T-Shirt d. First Aid Kit

Payment terms are declared on what document?

a. Invoice *b. Purchase Order c. Goods Receipt Document d. Purchase Requisition

_______ is used to request that the company produce a specified quantity of goods.

a. Production Order *b. Planned Order c. Purchase Order d. Sales Order

____________ is a separate process in organizations that is concerned with creating new products based on such factors as market research and new production techniques.

a. Production capacity b. Production controller c. Work centers *d. Product design

What is the only document where the quantity of the materials is not relevant?

a. Purchase Order b. Goods Receipt Document *c. Payment d. Purchase Requisition

Which of the following are key data in a goods receipt?

a. Requested Delivery Date *b. Order and received quantity c. Prices of the material ordered *d. Receipt Date e. Unit weight

Which of the following are key data in a packing list?

a. Requested Delivery Date *b. Order and ship quantity c. Prices of the material ordered *d. Date the order was shipped *e. Unit weight

Which of the following are key data in an invoice?

a. Requested Delivery Date b. Order and received quantity *c. Prices of the material ordered *d. Invoice Date *e. FOB

In the procurement process, which department creates the Purchase Order?

a. Sales *b. Purchasing c. Warehouse d. Accounting

In the procurement process, which department receives the Purchase Requisition?

a. Sales *b. Purchasing c. Warehouse d. Accounting

In the procurement process, which department creates the Packing List and Goods Receipt Document?

a. Sales b. Purchasing *c. Warehouse d. Accounting

In the procurement process, which department creates the Purchase Requisition?

a. Sales b. Purchasing *c. Warehouse d. Accounting

In the procurement process, which department receives the invoice and sends the payment?

a. Sales b. Purchasing c. Warehouse *d. Accounting

Which of the following are examples of instance-level information relevant to the procurement process?

a. When did the customer receive the goods? *b. Was the invoice paid? If so, when? c. Which suppliers are prompt and which ones are habitually late in delivering the materials ordered? *d. What was the total of the invoice? *e. How long did it take to receive the shipment after creating a purchase order?

Which of the following are examples of process-level information relevant to the procurement process?

a. Which customers are prompt and which ones are habitually late in sending the payment? *b. Which materials are purchased most frequently? c. Which materials are produced most often? *d. Which vendor does SSB buy from the most frequently? *e. What is the average time between sending a purchase order and receiving the shipment?

Examples of ___________ are furniture and computers.

a. assembling b. manufacturing *c. discrete manufacturing d. process manufacturing

Examples of ___________ are oil and gas.

a. assembling b. manufacturing c. discrete manufacturing *d. process manufacturing

When using an ES, which of the following is a key tool to review the current inventory and upcoming productions orders for a specific product?

a. balance sheet *b. stock requirements list c. material withdrawal slip d. planned order status