Below is a narrative of the "Determine Requirements" portion (bubble 1.0) of the purchasing process described in Chapter 12
Narrative Description
Bubble 1.1 receives and stores the requests received from the inventory-management process (inventory's purchase requisition) and various departments (purchase requisition¾goods and services).
At predetermined intervals, bubble 1.2 accesses the accumulated requests held in the purchase requisition data; sorts the requests, perhaps by vendor or product type; and combines that data with the inventory master data to determine what purchases need to be made.
Required:
From the DFD (TB Figure 12.1) and the narrative description above, explode bubble 1.0 into a lower-level diagram showing the details of that process.
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Which of the following does NOT make up a business?
A. A system of integrated actions B. develops and grows a market for its goods and/or services C. creates organizational value (wealth) on behalf of its stakeholders D. develops wealth for its employees E. delivers the right solution to the right customer
An executory contract is a contract that:
a. has been recorded b. is in writing c. has been fully performed d. is yet to be completed