Question 1

How often are major software changes typically made to ERP?

Accepted Answer

A)  Every 12 months
B)  Every 1 to 2 years
C)  Every 3 to 5 years
D)  Every 5 to 10 yearsE) None of the above
F) A) and B)

Question 2

Which is not one of the main functions of SAP?

Accepted Answer

A)  Supply chain planning
B)  Supply chain execution
C)  Supply chain collaboration
D)  Supply chain redesignE) C) and D)
F) B) and D)

Question 3

_______________ indicates where cash comes from (its source), where cash is spent (its use), and the net change in cash for the year.

Accepted Answer

cash flow
Explanation: Cash flow indicat...

Question 4

Which of the following is a main benefit of processing transactions in real time?

Accepted Answer

A)  There is no delay in the processing of the transaction.
B)  The amount of detail available in the system is extremely rich.
C)  It allows for immediate analysis, which can be valuable in making improvements.
D)  All of theseE) A) and B)
F) A) and D)

Question 5

What is the primary goal of an ERP system?

Accepted Answer

A)  The integration of data processes and data storage
B)  Creating consistent definitions across all functional areas
C)  The efficient handling of the transactions as goods move through each step of the process
D)  The scheduling of machinery to minimize downtime and reduce scrapE) B) and D)
F) A) and B)

Question 6

One of the weaknesses of SAP is the inability to link with most mobile devices.

Accepted Answer

A) True 
 B)False

Question 7

Discuss some of the benefits of using an ERP system.

Accepted Answer

Enterprise resource planning (ERP) provi...

Question 8

Accounts receivable is the amount owed the firm by its suppliers.

Accepted Answer

A) True 
 B)False

Question 9

What is the common name for a computer system that integrates application programs in accounting, sales, manufacturing, and other functions in a firm by way of a shared database?

Accepted Answer

A)  Entrepreneurial resource programming (ERP) 
B)  Enterprise resource planning (ERP) 
C)  Endeavor reconstruction planning (ERP) 
D)  Enterprise retention programming (ERP) E) B) and C)
F) None of the above

Question 10

ERP systems allow for integrated planning across the different functional areas in a firm.

Accepted Answer

A) True 
 B)False

Question 11

An important point to keep in mind is that ____________ not software, make decisions.ERP systems simply _________________________ better decision making.

Accepted Answer

people, support
Explanation: Decision su...

Question 12

Defects often occur during changeovers.

Accepted Answer

A) True 
 B)False

Question 13

The supply chain design module provides a centralized overview of the entire supply chain and key performance indicators.

Accepted Answer

A) True 
 B)False

Question 14

On which four major areas do ERP modules typically focus?

Accepted Answer

A)  Finance, manufacturing and logistics, sales and marketing, human resources
B)  Accounting, finance, human resources, manufacturing
C)  Accounting, finance, information technology, manufacturing
D)  Information technology, manufacturing, logistics, accountingE) A) and B)
F) A) and C)

Question 15

Drilling down means descending through an existing hierarchy to bring out more and more details from a database.

Accepted Answer

A) True 
 B)False

Question 16

What are some ways in which ERP can be used to link functional areas of a firm?

Accepted Answer

A typical ERP system is made up of funct...

Question 17

Only manufacturing affects the inventory account.

Accepted Answer

A) True 
 B)False

Question 18

Within ERP, which set of applications is the largest and most complicated?

Accepted Answer

A)  Finance
B)  Manufacturing and logistics
C)  Sales and marketing
D)  Human resourcesE) A) and D)
F) B) and D)

Question 19

A limitation of traditional financial metrics is that they primarily tell a story of past events.

Accepted Answer

A) True 
 B)False

Question 20

"A measure that is used to determine how many times the same asset can be used to generate revenue and profit" is the definition of which of the following?

Accepted Answer

A)  Asset turns
B)  Cash-to cash cycle
C)  Production cycle
D)  Inventory turnsE) A) and C)
F) None of the above

Exam 17: Enterprise Resource Planning Systems

Accounts receivable is the amount owed the firm by its suppliers.

Correct AnswerverifiedShow Answer

Which of the following is a main benefit of processing transactions in real time?

Correct AnswerverifiedShow Answer

A limitation of traditional financial metrics is that they primarily tell a story of past events.

Correct AnswerverifiedShow Answer

Only manufacturing affects the inventory account.

Correct AnswerverifiedShow Answer

One of the weaknesses of SAP is the inability to link with most mobile devices.

Correct AnswerverifiedShow Answer

Within ERP, which set of applications is the largest and most complicated?

Correct AnswerverifiedShow Answer

How often are major software changes typically made to ERP?

Correct AnswerverifiedShow Answer

Drilling down means descending through an existing hierarchy to bring out more and more details from a database.

Correct AnswerverifiedShow Answer

What is the primary goal of an ERP system?

Correct AnswerverifiedShow Answer

ERP systems allow for integrated planning across the different functional areas in a firm.

Correct AnswerverifiedShow Answer

Defects often occur during changeovers.

Correct AnswerverifiedShow Answer

"A measure that is used to determine how many times the same asset can be used to generate revenue and profit" is the definition of which of the following?

Correct AnswerverifiedShow Answer

Which is not one of the main functions of SAP?

Correct AnswerverifiedShow Answer

Discuss some of the benefits of using an ERP system.

Correct AnswerverifiedEnterprise resource planning (ERP) provi...View AnswerShow Answer

What are some ways in which ERP can be used to link functional areas of a firm?

Correct AnswerverifiedA typical ERP system is made up of funct...View AnswerShow Answer

What is the common name for a computer system that integrates application programs in accounting, sales, manufacturing, and other functions in a firm by way of a shared database?

Correct AnswerverifiedShow Answer

_______________ indicates where cash comes from (its source), where cash is spent (its use), and the net change in cash for the year.

Correct Answerverifiedcash flowExplanation: Cash flow indicat...View AnswerShow Answer

An important point to keep in mind is that ____________ not software, make decisions.ERP systems simply _________________________ better decision making.

Correct Answerverifiedpeople, supportExplanation: Decision su...View AnswerShow Answer

The supply chain design module provides a centralized overview of the entire supply chain and key performance indicators.

Correct AnswerverifiedShow Answer

On which four major areas do ERP modules typically focus?

Correct AnswerverifiedShow Answer

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Enterprise resource planning (ERP) provi...
View Answer

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A typical ERP system is made up of funct...
View Answer

Correct Answer
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Correct Answer
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cash flow
Explanation: Cash flow indicat...
View Answer

An important point to keep in mind is that not software, make decisions.ERP systems simply _____________ better decision making.

Correct Answer
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people, support
Explanation: Decision su...
View Answer

Correct Answer
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Correct Answer
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