SOLVED

11) ________ immediately after the purchase order is issued in the procure-to-pay process. A) Payment is settled B) Price and terms are negotiated C) Credit is checked D) Goods are received E) Invoices are received 12) Receiving the goods is immediately followed by ________ in the procure-to-pay process. A) settling the payment B) negotiating the price and terms C) issuing the purchase order D) creating the order E) receiving the invoice 13) In the ________ process, goods are produced based on forecasts and are stored in a warehouse and sales orders are then fulfilled from the inventory. A) configure-to-stock B) make-to-stock C) make-to-order D) engineer-to-order E) assemble-to-order 14) Which of the following uses a push-based approach? A) order-to-cash B) procure-to-pay C) production-to-order D) make-to-stock E) make-to-order 15) In the ________ process, raw materials, subcomponents, and accessories are procured based on forecasts, but actual manufacturing does not start until sales orders are received. A) order-to-cash B) procure-to-pay C) make-to-stock D) acquire-to-dispose E) make-to-order 16) Which of the following uses a pull-based approach? A) make-to-order B) make-to-stock C) plan-to-produce D) account-to-report E) acquire-to-dispose 17) Which of the following is typically the first step in the make-to-stock process? A) scheduling production B) procuring inputs C) processing sales orders D) negotiating price and terms E) creating customer records 18) Which of the following goods are typically produced under a make-to-order approach? A) expensive high-volume goods B) cheap low-volume goods C) very expensive low-volume goods D)Â mass-produced goods E) goods from external vendors 19) Which of the following goods are produced using the make-to-order approach? A) commercial aircraft B) shampoos C) lipsticks D) televisions E) refrigerators 20) ________ are performed by the functional areas that process inputs and produce outputs. A) Base activities B) Core activities C) Support activities D) Extended activities E) Focus activities