Chapter 7 Key Terms

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These are the key terms for chapter seven, Conversion Business Process,
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Agents The people or organizations, such as customers or salespeople, participate in business events.
Events (UML) Classes that model the organization’s transactions usually affect the organization’s resources, such as sales and cash receipts; (BPMN), important occurrences that influence the flow of activities in a business process, including start, intermediate, and end events.
Finished Goods Inventory For a manufacturing company, the inventory (REA resource) that has completed the manufacturing process is held for sale to customers.
Gateway Shows process branching and merging as the result of decisions. Primary gateways are depicted as diamonds. Usually, gateways appear as pairs on the diagram. The first gateway shows the branching, and the second gateway shows the merging of the process branches.
Intermediate Error Event It occurs between start and end events and affects the flow of the process. Intermediate error events represent interruptions to the normal flow of the process and start the exception flow.
Labor Operations event In the conversion process, an event representing the recording of labor (and any associated overhead) costs is applied to work-in-process.
Many-to-Many Relationship It exists when instances of one class (e.g., sales) are related to many examples of another (e.g., inventory) and vice versa. These relationships are implemented in Access and relational databases by adding a linking table to convert the many-to-many relationship into two one-to-many relationships.
Production Authorization Event In a UML class model of the conversion process, an event records the authorization to produce one or more finished good inventory items.
Raw Material Issue In a UML class diagram of the conversion process, an event records the transfer of raw materials into work-in-process.
REA Resource-event-agent framework for modeling business processes, initially developed by William McCarthy.
Resources Those things have economic value to a firm, such as cash and products.
Type Image The class represents management information (categorizations, policies, and guidelines) to help manage a business process. Type image often allows process information to be summarized by category.
Work-In-Process Inventory The value of raw materials, direct labor, and manufacturing overhead are not yet finished for a manufacturing company.
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