Ch. 1 Business Processes Flashcards
Examples of them
1
Q
Collect payment on customer accounts
A
Revenue Cycle
2
Q
Complete a picking ticket for a customer order
A
Revenue Cycle
3
Q
Decide how many units to make next month
A
Production Cycle
4
Q
Disburse payroll checks to factory workers
A
HR/Payroll Cycle
5
Q
Draw upon line of credit
A
Financing Cycle
6
Q
Establish a $10,000 credit limit for a new customer
A
Revenue Cycle
7
Q
Hire a new assistant controller
A
HR/Payroll Cycle
8
Q
Obtain a bank loan
A
Financing Cycle
9
Q
Pay federal payroll taxes
A
HR/Payroll Taxes
10
Q
Pay for raw materials
A
Expenditure Cycle
11
Q
Pay off mortgage on factor
A
Financing Cycle
12
Q
Pay property taxes on office building
A
Expenditure Cycle
13
Q
Pay sales commissions
A
HR/Payroll Cycle
14
Q
Pay utility bills
A
Expenditure Cycle
15
Q
Purchase raw materials
A
Expenditure Cycle
