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?