Question 1

The acronym BPR stands for "business process reengineering."

Accepted Answer

A) True 
 B)False

Question 2

A Value-Added Reseller can help install and customize software, along with selling it.

Accepted Answer

A) True 
 B)False

Question 3

The best-of-breed approach to software selection is never a good idea.

Accepted Answer

A) True 
 B)False

Question 4

The Cougar Mountain Fund Suite is accounting software designed for:

Accepted Answer

A) Small businesses with less than $1 million in revenues 
B) Manufacturing concerns with between $1 million and $5 million in revenues 
C) Retail furniture stores 
D) Charities 
A) Small businesses with less than $1 million in revenues 
B) Manufacturing concerns with between $1 million and $5 million in revenues 
C) Retail furniture stores 
D) Charities

Question 5

"Integrated accounting software" means software that can interface with other corporate software such as CRM software.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is true regarding ERP costs?

Accepted Answer

A) Enterprise systems tend to be less costly than integrated accounting software 
B) Enterprise systems are always less costly than best of breed software solutions 
C) Costs associated with reassigned employees have nothing to do with the true cost of an enterprise system 
D) There may be many costs that continue after systems implementation 
A) Enterprise systems tend to be less costly than integrated accounting software 
B) Enterprise systems are always less costly than best of breed software solutions 
C) Costs associated with reassigned employees have nothing to do with the true cost of an enterprise system 
D) There may be many costs that continue after systems implementation

Question 7

The acronym ERP stands for:

Accepted Answer

A) Electronic relative payment 
B) Electronic relational planning 
C) Enterprise resource planning 
D) Planning for enterprise resources 
A) Electronic relative payment 
B) Electronic relational planning 
C) Enterprise resource planning 
D) Planning for enterprise resources

Question 8

It is relatively easy to determine the acquisition costs of an ERP system.

Accepted Answer

A) True 
 B)False

Question 9

An example of an integrated accounting software package are various versions of Quickbooks.

Accepted Answer

A) True 
 B)False

Question 10

Enterprise-wide AISs:

Accepted Answer

A) Almost never pay for themselves 
B) Do not include many more features than middle-range accounting software packages 
C) Are seldom used by multinational organizations 
D) Integrate an organization's financial functions with its other functional areas 
A) Almost never pay for themselves 
B) Do not include many more features than middle-range accounting software packages 
C) Are seldom used by multinational organizations 
D) Integrate an organization's financial functions with its other functional areas

Question 11

It is rarely external forces that cause an organization to need new AIS software.

Accepted Answer

A) True 
 B)False

Question 12

Which of these is not a risk or cost normally associated with an ERP system?

Accepted Answer

A) Costs of internal staff time and effort 
B) Increased training of staff and users 
C) Reduced IT costs 
D) Potential for massive failure 
A) Costs of internal staff time and effort 
B) Increased training of staff and users 
C) Reduced IT costs 
D) Potential for massive failure

Question 13

The availability of cloud services is available in accounting packages developed for medium and larger companies, but not available in packages developed for small businesses.

Accepted Answer

A) True 
 B)False

Question 14

Successful implementation of ERP systems typically involves:

Accepted Answer

A) Substantial planning 
B) Review of business processes 
C) Support from management 
D) all of the above 
A) Substantial planning 
B) Review of business processes 
C) Support from management 
D) all of the above

Question 15

A hosted (cloud)ERP system is an example of which component of an ERP?

Accepted Answer

A) Internet portal 
B) Bolt-on component 
C) Configuration 
D) Database 
A) Internet portal 
B) Bolt-on component 
C) Configuration 
D) Database

Question 16

Which of the following is considered an integrated software system?

Accepted Answer

A) Material requirements planning systems (MRP I) 
B) Manufacturing resource planning systems (MRP II) 
C) Enterprise resource planning systems (ERP) 
D) all of the above 
A) Material requirements planning systems (MRP I) 
B) Manufacturing resource planning systems (MRP II) 
C) Enterprise resource planning systems (ERP) 
D) all of the above

Question 17

"Integrated accounting software" means software that includes the major software modules needed by a business-e.g., accounts payable, accounts receivable, inventory, general ledger, and payroll.

Accepted Answer

A) True 
 B)False

Question 18

The acronym ERP stands for "enterprise resource management."

Accepted Answer

A) True 
 B)False

Question 19

Because most accounting software is standardized and straightforward, most packages can be purchased "off the shelf" from shopping mall sellers.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following business processes or functions is unlikely to be part of an enterprise system?

Accepted Answer

A) Accounting/financing 
B) Human resources 
C) Manufacturing 
D) Sales or distribution 
E) all of the above are likely to be included in an enterprise system 
A) Accounting/financing 
B) Human resources 
C) Manufacturing 
D) Sales or distribution 
E) all of the above are likely to be included in an enterprise system

The acronym BPR stands for "business process reengineering."

A Value-Added Reseller can help install and customize software, along with selling it.

The best-of-breed approach to software selection is never a good idea.

The Cougar Mountain Fund Suite is accounting software designed for:

"Integrated accounting software" means software that can interface with other corporate software such as CRM software.

Which of the following is true regarding ERP costs?

The acronym ERP stands for:

It is relatively easy to determine the acquisition costs of an ERP system.

An example of an integrated accounting software package are various versions of Quickbooks.

Enterprise-wide AISs:

It is rarely external forces that cause an organization to need new AIS software.

Which of these is not a risk or cost normally associated with an ERP system?

The availability of cloud services is available in accounting packages developed for medium and larger companies, but not available in packages developed for small businesses.

Successful implementation of ERP systems typically involves:

A hosted (cloud)ERP system is an example of which component of an ERP?

Which of the following is considered an integrated software system?

"Integrated accounting software" means software that includes the major software modules needed by a business-e.g., accounts payable, accounts receivable, inventory, general ledger, and payroll.

The acronym ERP stands for "enterprise resource management."

Because most accounting software is standardized and straightforward, most packages can be purchased "off the shelf" from shopping mall sellers.

Which of the following business processes or functions is unlikely to be part of an enterprise system?

Accounting Information Systems and the Accountant

Accounting on the Internet

Information Technology and Aiss

Accounting and Data Analytics

Introduction to Internal Control Systems and Risk Management

Computer Controls for Organizations and Accounting Information Systems

Accounting Information Systems and Business Processes: Part I

Accounting Information Systems and Business Processes: Part II

Cybercrime, Fraud, and Ethics

Information Technology Auditing

Documenting Accounting Information Systems

Developing and Implementing Effective Accounting Information Systems

Database Design

Organizing and Manipulating the Data in Databases

Database Forms and Reports

Filters

Exam 5: Integrated Accounting and Enterprise Software

The acronym BPR stands for "business process reengineering."

A Value-Added Reseller can help install and customize software, along with selling it.

The best-of-breed approach to software selection is never a good idea.

The Cougar Mountain Fund Suite is accounting software designed for:

"Integrated accounting software" means software that can interface with other corporate software such as CRM software.

Which of the following is true regarding ERP costs?

The acronym ERP stands for:

It is relatively easy to determine the acquisition costs of an ERP system.

An example of an integrated accounting software package are various versions of Quickbooks.

Enterprise-wide AISs:

It is rarely external forces that cause an organization to need new AIS software.

Which of these is not a risk or cost normally associated with an ERP system?

The availability of cloud services is available in accounting packages developed for medium and larger companies, but not available in packages developed for small businesses.

Successful implementation of ERP systems typically involves:

A hosted (cloud)ERP system is an example of which component of an ERP?

Which of the following is considered an integrated software system?

"Integrated accounting software" means software that includes the major software modules needed by a business-e.g., accounts payable, accounts receivable, inventory, general ledger, and payroll.

The acronym ERP stands for "enterprise resource management."

Because most accounting software is standardized and straightforward, most packages can be purchased "off the shelf" from shopping mall sellers.

Which of the following business processes or functions is unlikely to be part of an enterprise system?

Accounting Information Systems and the Accountant

Accounting on the Internet

Information Technology and Aiss

Accounting and Data Analytics

Introduction to Internal Control Systems and Risk Management

Computer Controls for Organizations and Accounting Information Systems

Accounting Information Systems and Business Processes: Part I

Accounting Information Systems and Business Processes: Part II

Cybercrime, Fraud, and Ethics

Information Technology Auditing

Documenting Accounting Information Systems

Developing and Implementing Effective Accounting Information Systems

Database Design

Organizing and Manipulating the Data in Databases

Database Forms and Reports

Filters