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enterprise resources planning
Name Chapter 1: Business Functions and Business Processes
Description
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Question 1

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Question One of the four functional areas of operation is Human Resources (HR).
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Question 2

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Question Historically, businesses have had organizational structures that separated the functional areas, but business schools have not been organized like that.
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Question 3

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Question Information systems that are designed so functional areas share data are called integrated information systems.
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Question 4

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Question The functional area of Supply Chain Management (SCM) sets prices.
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Question 5

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Question Sales forecasts are historical records of sales.
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Question 6

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Question Accounts receivable are recorded by the Human Resources department (HR).
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Question 7

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Question The business function of government compliance falls under the Supply Chain Management functional area of operation.
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Question 8

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Question The business process of Cash Flow Management is handled under the Accounting and Finance functional area of operation.
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Question 9

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Question When manufacturing runs out of raw materials, it’s known as a stockout.
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