BUAD 342 Exam 1 Study Set: Key Terms & Definitions

It is important that we focus on business ___________ and technology ___________.

First, second

Procure to Pay (PTP) is the __________ business process.

Buying

Order to Cash (OTC) is the __________ business process

Selling

T/F: Procure to Pay and Order to Cash are interrelated.

True

Which of the following is not an information processing event as described in this class?

Distribute

3 multiple choice options

Conversion is the process of __________?

Converting raw materials into finished goods

__________ is collecting data at its point of origin in digital form.

Source Data Automation (SDA)

Which of the following scenarios would most likely benefit from real-time processing instead of batch processing?

Ticket Processing (sports or airline)

3 multiple choice options

When one company wants to share its data with another company without human interaction, they should use __________.

Electronic Data Interchange (EDI)

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?

Procure to Pay

Which of the following is not a typical event in the Procure to Pay business process?

Deliver Goods/Services to Customer

3 multiple choice options

What is the first step in the Procure to Pay business process?

Identify a need

What is the point of sale in the Order to Cash business process?

Deliver goods/services to customer

3 multiple choice options

What is the point of purchase in the Procure to Pay business process?

Receive and inspect goods/services

3 multiple choice options

In our example, what happens after Amazon's robots select and inspect items in the warehouse?

The items are prepared for shipping by being packed and labeled.

3 multiple choice options

In our example, when does Amazon charge the customer for their order?

When the package leaves the warehouse

3 multiple choice options

Based on our example, what happens after Amazon receives goods from a vendor?

They inspect the items for quality and receive them into their inventory systems.

3 multiple choice options

Based on our example, what is one of the marketing strategies used by Calhoun's to attract customers?

Firing up smokers to let BBQ smell drift through the air

Based on our example, what is unique about the "Prepare the goods for delivery" step in a restaurant like Calhoun's compared to an online retailer like Amazon?

Presentation is important, and the food needs to look good on the plate.

A(n) ____________ tells us what is actually being delivered to the customer.

Packing Slip

Which of the following computer algorithm types is used when a computer is forced to make a choice between a YES and NO answer and then proceed down a different path based on the answer?

Decision algorithm

Which source document supports the Deliver Goods or Services business event by summarizing the who, what, where, when, and why of each sale transaction?

Sales Invoice

A(n) __________ supports the Negotiate Sales Order business event by summarizing the who, what, where, when, and why of each sales order transaction

Sales Order

T/F: To a computer, the criteria of "1" and 1 mean the same thing.

False

A(n) _____________ tells us what should be in the package headed to the customer.

Picking Slip

What is the datatype that is represented when data is able to only be TRUE or FALSE?

Boolean

The _______________ serves as a legal agreement between the seller and the shipping/delivery company.

Bill of Lading

T/F: Computers think just like people.

False

T/F: the Return Merchandise Authorization (RMA) form serves as the permission for customers to purchase more items from us?

False

What is a data repository?

A place where data is stored

"Schema" is a fancy word for ___________.

model or design

__________ means that when we wrote the database, the design was established so that everything was given a place and can then be very nicely organized.

Schema-on-write

1 multiple choice option

__________ simply records the data as-is, without making it conform to a particular model or predefined structure.

Schema-on-read

1 multiple choice option

Extract-Transform-Load (ETL) is the process of what?

Building a data warehouse

Which of the following is not one of the five V's of big data?

Variability

3 multiple choice options

Which type of database is made up of tables that interact with one another through relationships?

Relational Database

In a database, columns are known as ______________.

Attributes and/or Fields

In a database, rows are knows as _____________.

records

_____________ attributes are attributes that you likely want to break down into pieces, like an address (street, city, state, and zip code).

composite

A __________ is one that displaces an established technology and shakes up the industry or a ground-breaking product that creates a completely new industry.

Disruptive technology

Which of the following is not a type of cloud deployment?

Virtual cloud

3 multiple choice options

The Internet of things (IoT) is a giant network with relationships between which of the following?

All of these.

3 multiple choice options

__________ is the simulation of human intelligence processes by machines (training machines to perform human tasks).

Artificial intelligence

T/F: Artificial intelligence and Machine learning are the same concept.

False

With a Schema-on-Write database, structure (schema) is given to my database ________.

Upon creating the database.

If the Customer_ID field is the primary key in the Customer table, what is Customer_ID called when it shows up in the Orders Table?

Foreign Key

Relational databases are an example of __________.

Schema-on-write databases

In a relational database, the lines that connect one table to another are called __________.

Relationships

T/F: Many-to-many relationships are allowed in a relational database.

False

What recognizes that organizations are elements of a value system (some call it a supply chain)?

Porter's Value Chain analysis

list some steps of the Order to Cash process

market, negotiate order, select and inspect, prepare for delivery, deliver, receive payment, negotiate return

list some steps of the Procure to Pay process

identify need, negotiate order, receive and inspect, store and maintain, pay vendor, return goods

What type of processing is when Transaction data is immediately processed or close after the transaction occurs?

real time processing

What type of processing is when Transaction data is collected and stored for processing at a scheduled time or when a specified amount of data has been collected.

batch processing

What types of files contain balance data or the status of an entity at a point in time?

Examples include inventory files, customer files, employee files, vendor files, or cash account files

Master files

What type of files contain business activity data (i.e., transaction data used to update balances in master files)?

Examples include order files, billing files, shipping files, and cash receipt files

Transaction files

What type of files contain referential data such as a tax rate schedule, a volume pricing list, or a listing of the general ledger chart of accounts?

Reference files

What type of files (may be called archive files) contain inactive past or historical data?

Examples could include tax return files from previous years or human resource files of employees who are no longer with the organization

History files

What type of files contain data awaiting some action to complete their processing?

Examples include customer payments waiting to be deposited or records identified as incomplete or erroneous that need correction and reentry to complete processing.

Suspense files

What must be checked before converting a customer order into a sales order?

credit and inventory

A computer decides what to do with a piece of data based on its _____________

type

What is considered numeric data?

integer, decimal

what is considered text data?

string of latin 1 characters, variable string

What type of programming occurs when computers are given a list of steps to perform?

sequence programming

What type of programming forces the computer to make a choice between a YES or NO answer, then proceed based on that answer down a different path?

decision programming

What type of programming occurs when a program may need to run through a set of steps more than once depending on the given input and often begin with a decision?

repetition programming

A schema-on-write approach is what type of database?

traditional

A schema-on-read approach is what type of database

big data repository

what is a central repository of information created with data from transactional systems, relational databases, and other source?

data warehouse

What type of big data is a traditional database which assumes data that will go into tables, so data is structured to fit that model?

structured

What type of big data can be text or non text - Snap chats, tweets, mail messages, PowerPoint presentations, Word documents, text messages, JPEG images, MP3 audio files video files?

unstructured

What type of big data has information associated with it,such as metadata and tags. e.g. JSON (JavaScriptObject Notation), data represented as graphs?

semi structured

What are the 5 Vs of big data?

Volume, Variety, Value, Velocity, Veracity

What type of attribute value can be created using other attributes?

(In cases where existing attributes can be used to compute or create a desired attribute, do not include the derivable attribute in any physical tables)

derivable

What type of attribute attribute would you likely want to break down into pieces?

composite

What type of attribute can have more than one value at a time?

multivalued

What is the set of comprehensive requirements for enhancing payment account data security by controlling and protecting card data?

PCI DSS

What is the global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions?

EMV technology