Chapter 6 Key Words

Question	Answer
Accounts Payable	Amounts owed to suppliers for goods and services received, calculated based on receipts (purchases) from each supplier less than corresponding payments (cash disbursements) to suppliers.
Agents	The people or organizations are participating in business events.
Cash	The organization’s monies are in a bank or related accounts, and the class instances are individual accounts, considered a resource.
Cash Disbursements	Record cash payments to external agents (e.g., suppliers) and the corresponding reduction in cash accounts. This is considered an event.
Choreography	The science of examining raw data (now often Big Data), removing excess noise from the dataset, and organizing the data to conclude decision-making.
Collaboration	A BPMN model shows two participant pools and their interactions within a process.
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.
Gateway	Shows process branching and merging as the result of decisions. Virtual gateways are depicted as diamonds. Usually, gateways appear as pairs on the diagram. The first gateway shows the branching, and the second gateway offers to merge the process branches.
Intermediate Event	It occurs between start and end events and affects the flow of the process.
Intermediate Timer event	Intermediate events indicate a delay in the usual process flow until a fixed amount of time has elapsed.
Many-to-many relationship	It exists when instances of one class (e.g., sales) are related to many examples of another type (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.
One-to-one relationship	When instances of one class (e.g., sales) are related to only one example of another type (e.g., cash receipts), each instance of the other class is related to only one example of the original style.
Orchestration	In BPMN, the sequence of activities within one pool.
Product	A class represents the organization’s goods held for sale—the organization’s inventory. This is considered a resource.
Purchase Discount	An offer from the supplier to reduce the purchase cost if payment is made according to specified terms, usually within a limited time.
Purchase Order	A commitment event precedes the economic purchase event. It records formal offers to suppliers to pay them if the supplier complies with the purchase order terms.
Purchases	Records the receipt of goods or services from a supplier and the corresponding obligation to pay the supplier. These are considered events.
REA	Resource-event-agent framework for modeling business processes, initially developed by William McCarthy.
Receipt	Same as the event of the purchase.
Resources	Those things have economic value to a firm, such as cash and products.
Subprocess	Represent a series of process steps that are hidden from view in BPMN. The use of subprocesses in modeling helps reduce complexity.
Suppliers	In the UML diagram of the purchases and payments process, the external agents from whom goods and services are purchased and to whom payments are made.
Timer Events	Indication of a delay in the flow of a process to a specific date, an elapsed time (e.g., 30 days), or a relatively repetitive date, such as every Friday.
Type Image	A class representing management information (such as categorizations, policies, and guidelines) to help manage a business process. Type image often allows process information to be summarized by category.

Next up

Description

Resource summary

Similar

	Created by JACKSON BOEVE about 2 years ago