Question No. 1
What is the difference between a customer order and a sales order?
Question No. 2
Do most companies keep track of operating assets (e.g. property and equipment) at the individual instance level or at the type level? Why?
Question No. 3
Identify typical resources, internal agents, and external agents associated with each of the following business events:
a. Sales call or similar instigation event.
b. Sales order or similar mutual commitment event.
c. Sale, shipment and/or service engagement or other economic decrement event.
d. Cash receipt or other economic increment event.
e. Sale return or other economic decrement reversal event.
Question No. 4
What does a participation relationship between a purchase requisition and a vendor usually represent?