Define each of the following terms: f. Just-in-time system; outsourcing

Q: Distinguish between turnkey and backbone systems. Which is more flexible?

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Q: :Changing the design of the product is an example of A product level activity a O A batch level…

A: Product-level activities are the activities that are related to a specific product or activity.…

Q: Explain how an IT environment affects the segregation of functions.

A: Segregation of Duties (SoD) is a set of controls and policies intended to ensure accuracy and keep…

Q: Explain briefly what the EOQ model is andhow it can be used to help establish an optimalinventory…

A: Economic Order Quantity (EOQ) Model It is a method of inventory costing that aims to identify the…

Q: Distinguish between narrow and wide span of control. Give an example of tasks appropriate to each…

A: Definition: Space of control: The number of subordinates directly answerable to the employee can…

Q: Explain the Diamond model of delegated monitoring

A: The Diamond model is referred to as the model which describes the competitive advantage of the…

Q: explain the differences among business processes, information systems and applications. State the…

A: Business process: A business process is a series of steps to accomplish a concrete purpose carried…

Q: Distinguish between reverse engineering and reengineering.

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Q: What is shared service agreement menas in a internal control system?

A: Internal Control System:-It is a set of rules and protocol which the company and management set for…

Q: In the ________ phase of BPI, the BPI team documents the existing "as is" process activities,…

A: Answer -  Phases of BPI are as follows : i. Phase 1 - Define, ii. Phase 2 - Measure, iii. Phase 3 -…

Q: Define the term service company.

A: A service company is a business that generates income by providing services instead of selling…

Q: Describe about the Enterprise Resource Planning. What are its objectives?

A: Enterprise Resource Planning:   It refers to a framework within an organization where the management…

Q: Each economic event in an REA diagram is always a. linked to at least two resource entities. b.…

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Q: Give an example of a common resource in an organization. List some of the opportunity costs…

A: Opportunity cost: Opportunity cost refers to the forgone revenue that could have been generated…

Q: Define supply chain

A: Answer: Supply chain is a comprehensive mechanism for the production and distribution of a product…

Q: Explain the issues of size, speed, workload, and transaction as they relate to scalability

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Q: Please differentiate between centralized and decentralized operations.

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Q: Define outsourcing.

A: Outsourcing: Outsourcing refers to hiring another company, to undertake a business process of the…

Q: Describe the two-tier client-server model.

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Q: Describe why sales and operations planning teams are cross fuxntions ?

A: Sales is basically concerned about exchange of a product or service for either any product, service…

Q: One-time costs of system development include all of the following EXCEPT a. site preparation. b.…

A: Definition: One time cost: The cost which is done by the organization to set up and implement the…

Q: How are management’s actions incorporated in EVA and MVA? How are EVA and MVAinterconnected?

A: Economic added value (EVA) is a measured cash-deductible reduction of capital costs of a firm's…

Q: Give two examples of nonnancial measures of internal-business-process quality.

A: Quality: Quality is the special trait possessed by a product that satisfies the needs and wants of…

Q: Make 1 suggestion on how to improve NTT’s organization structure/situation?

A: A framework that specifies that certain tasks are guided in order to accomplish an organization's…

Q: Distinguish between the two-tier and three-tier client-server models. Describe when each would be…

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Q: Discuss the Supplier Integration and Relationship Management

A: Supplier is the person from which a firm procures its inventory and raw-material. A manufacturing…

Q: Which of the following is typically NOT part of an ERP’s OLAP applications? a. decision support…

A: ERPs OLAP Application:   OLAP stands for Online Analytical Processing which helps in analyzing…

Q: Describe the three-tier client-server model.

A: Client-Server Model: A client-server model can be defined as the architecture of distributed…

Q: Define value-based management

A: SOLUTION:- VBM is a concept whih refers that management should firstly consider the interest…

Q: Explain the concept of active management.

A: Explain the concept of active management.  There are two type of management for stock management One…

Q: What are the two dimensions of the activity-based management model?How do they differ?

A: Activity based costing is a type of costing method which allocate indirect cost based on their…

Q: What are the levels of operations performance?

A: There are three levels of operations performance is as follows: Societal level: Social activity is…

Q: 1. Explain the Diagram provided below base on your understanding of the concepts of Auditing.…

A: Auditing means to check the actual facts and figure on the financial statements as per the standards…

Q: What is an enterprise resource planning (ERP) system? What are the advantages and disadvantages of…

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Q: If an organization processes transactions that have independent (unique) data needs, what type of…

A: Definition: Transaction process system: The transaction process system helps a business to process…

Q: Identify the following users as either external users (E) or internal users (I). Suppliers

A: Accounting users: Accounting users are the persons, who use accounting information for investment…

Q: Value Chain Analysis

A: Value chain analysis is a process in which an entity continuously identifies the areas and…

Q: Performance Eval

A: The word 'payroll' could allude to a firm's employees as well as details on them. It could also…

Q: Please answer performance measurements allocation

A: Activity based costing system: It is precise method of allocation of overhead to the products. Under…