Test Bank Concepts in Enterprise Resource Planning 4th Edition by Ellen Monk A+
- From Business, General Business
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Description
1. One of the four functional areas of operation is Human Resources (HR).
ANS: T PTS: 1 REF: 2
2. Historically, businesses have had organizational structures that separated the functional areas, but business schools have not been organized like that.
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3. Information systems that are designed so functional areas share data are called integrated information systems.
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4. Sales forecasts are historical records of sales.
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5. The business process of Cash Flow Management is handled under the Accounting and Finance functional area of operation.
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6. The functional area of Supply Chain Management (SCM) sets prices.
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7. When manufacturing runs out of raw materials, it’s known as a stockout.
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8. To avoid stockouts, manufacturers might carry extra raw materials. This excess is known as safety stock.
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9. Accounts receivable are recorded by the Human Resources department (HR).
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10. The business function