CHAPTER 2 * Overview of Business Processes SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 2.1 Table 2-1 lists some of the documents used in the revenue, expenditure, and human resources cycle. What kinds of input or output documents or forms would you find in the production (or conversion) cycle? Students will not know the names of the documents but they should be able to identify the tasks about which information needs to be gathered. Here are some of those tasks: * Requests for items to be produced * Documents to plan production * Schedule of items to be produced * List of items produced, including quantity and …show more content…
Here are some URLs for turnaround document definitions and examples: http://en.wikipedia.org/wiki/Turnaround_document http://www.pcmag.com/encyclopedia_term/0,2542,t=turnaround+document&i=53248,00.asp http://www.answers.com/topic/turnaround-document-1 Here are some turnaround document images (1 long URL): http://images.google.com/images?q=turnaround+document&oe=utf-8&rls=org.mozilla:en-US:official&client=firefox-a&um=1&ie=UTF-8&ei=N7yBSpbAF4KiswO39JnwCA&sa=X&oi=image_result_group&ct=title&resnum=4 2.4 The data processing cycle in Figure 2-1 is an example of a basic process found throughout nature. Relate the basic input/process/store/output model to the functions of the human body. There are a number of ways to relate the input/process/store/output model to the human body. Here are a few of them * Brain. We read, see, hear, and feel things. We process that input in order to understand what it is and how it relates to us. We store that data in our brains and then process it again in order to produce solve problems, make decisions, etc., which represent output. * Stomach. We take food in as input. It is processed to produce energy to fuel all bodily functions. If we eat more food than the body needs at any one time it is stored as fat. The output is walking, talking, thinking – all functions fueled by the energy
If the documents are incorrect in some way this can have adverse effect on a business and documents can make a significant contribution to the effectness and efficiency of the business.
Describe how to complete and maintain documentation in accordance with organisational procedures, in relation to:
1.1 Describe different types of documents that may be produced from notes and the formats to be followed
If some research is undertaken that provides evidence that capital markets do not always behave in accordance with the Efficient Market Hypothesis, does this invalidate research that adopts an assumption that capital markets are efficient?
1.1 Describe the different types of documents that may be produced from the notes and the formats to be followed.
have a variety of systems due to the complexity of the species' organism. The human body
SMW is a wholesaler of specialty micro-brewed beers. SMW purchases bottles and kegs of beer from small microbreweries in the New England area and sells them to local liquor retailers in Boston. SMW’s slogan is “Always in-stock, next day delivery.” Ted Stern, SMW’s owner and CEO, hopes to expand sales to outside of the Boston metro area within one year.
* An explanation of the physiology of two named body system, and their role in the utilisation of energy in the body. An examples of 2 systems the you could discuss are as
The digestive system are organs converting food into energy and basic nutrients to feed the entire body.
The digestive and excretory systems help the body with the wonderful task of food. The digestive system is composed of the stomach, mouth, liver, pancreas, and the large and small intestine. It digests food and provides the
Once our digestive system has done its thing, breaking larger down into smaller particles, the resulting [products] are carried to our cells by our circulatory system to our tiny cells where cellular respiration happens.
Assess the degree to which the firm’s accounting reflects the underlying business reality. Identify accounting distortions and evaluate their impact on profits and the sustainability of profits.
The accounting system we use today started in Venice in renaissance period over 520 years ago. The trade business increased hugely during this time and all the financial recordings had to be written down to help people see how their business is doing. During that time in 1494 the first book about was published in accounting by Luca Paciolli and was called “The Collected Knowledge of Arithmetic, Geometry, Proportion and Proportionality”. He was called “The father of Accounting” and most of his described principles have been used up until this day.
There will be a number of documents that will need to be developed these will include;
only business activity is to sell pod racers imported from PD. ID pays a 20% import duty based on