Exam 9: Enterprise Systems

With _____, business transactions are accumulated over a period of time for processing in a single unit.

Briefly describe the transaction processing cycle.

Product lifecycle management (PLM) software and its data can be used by internal users only.

According to the classification of enterprise resource planning (ERP) vendors, _____ vendors target medium-sized firms with annual revenues in the $50 million to $1 billion range operating out of one or more locations.

Discuss the advantages and disadvantages of hosted software model.

In the context of product lifecycle management (PLM) software categories, _____ is the production of distinct items such as autos, airplanes, furniture, or toys that can be decomposed back into their basic components.

In supply chain management (SCM), a key decision in _____ is how long to make the production runs for each product.

In a transaction processing cycle, capturing data at its source and recording it accurately in a timely fashion with minimal manual effort and in an electronic or digital form so that it can be directly entered into the computer is known as _____.

Implementation of an enterprise resource planning (ERP) system ensures good work processes based on _____.

The individual application modules of an enterprise resource planning (ERP) system are designed to support best practices, the most efficient and effective ways to complete a business process.

A key feature of an enterprise system is that:

The essential characteristic of a(n) _____ is that there is delay between an event and the eventual processing of the related transaction to update an organization's records.

Enterprise resource planning (ERP) systems evolved from _____ systems developed in the 1970s.

In the context of purchasing systems involved in the traditional transaction processing systems, when a(n) _____ arrives from a supplier, it is matched to the original order and the receiving report, and a check is generated if all data is complete and consistent.

In an organization, transaction processing systems (TPSs) support routine operations associated with its business processes.

Transaction processing systems (TPSs) provide valuable input to management information systems, decision support systems, and knowledge management systems.

The average enterprise resource planning (ERP) implementation cost is $5.5 million with an average project duration just over 14 months.

In a transaction processing system (TPS), the _____ system is sometimes referred to as the lifeblood of an organization.

Small and medium-sized enterprises (SMEs) are exploring the use of hosted software model to acquire, use, and benefit from new technology even though it means extra complexity and high start-up costs.

In a transaction processing cycle, ______ involves updating one or more databases with new transactions in an organization.