Exam 9: Enterprise Systems

_____ involves capturing and gathering all data necessary to complete the processing of transactions.

The sole advantage of the hosted software model is decreased total cost of ownership.

By upgrading and standardizing on its technology infrastructure, an organization can _____.

A key feature on an enterprise resource planning system is that _____.

Data editing involves reentering data that was not typed or scanned properly.

An important step in processing transaction data is to check data for validity and completeness, a task called data correction.

______ accounting involves the use of both historical and estimated data in providing information that management uses to conduct daily operations, plan future operations, and develop overall business strategies.

The BOM is a sort of recipe" of ingredients needed to make each item the organization manufactures.

Potential problems ______ the hosted products of different vendors is considered a disadvantage of the hosted software model.

Many business application software vendors are pushing the use of _____ for SME to help them acquire, use, and benefit from new technology while avoiding much of the associated complexity and high start-up costs.

Manufacturing ERP systems follow a systemic process for developing a production plan that starts with _______.

Adoption of an ERP system will enable an organization to eliminate dozens or even hundreds of separate systems and replace them with a single integrated set of applications for the entire enterprise.

Organizations expect their _____ to ensure that data is processed accurately and completely, avoid processing fraudulent transactions, and reduce clerical and other labor requirements.

______ is an example of a transaction processing system.

Sales ordering is the set of activities that must be performed to capture a ______.

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

A key to the success of implementation of an ERP system is to make the transition from the old way of doing things to the new way as quickly as possible, cutting corners whenever possible.

Effective use of an ERP system requires changes in work processes and in the details of how work gets done.

The average ERP implementation cost is ______ million with an average project duration just over 14 months.

Many SMEs elect to implement _____ ERP systems.