Question 1

A typical ERP system has modules that use the same user interface, similar to that of Microsoft Office products.

Accepted Answer

A) True 
 B)False  True

Question 2

A strength of ERP systems is that it is not necessary to have consistent definitions across all functional areas.

Accepted Answer

A) True 
 B)False  False

Question 3

Asset turns is a measure of cash flow.

Accepted Answer

A) True 
 B)False  False

Question 4

In the functional silo approach, the purchasing function typically considers quality a goal.

Accepted Answer

A) True 
 B)False

Question 5

What information is necessary to calculate the cash-to-cash cycle time?

Accepted Answer

A) Inventory, lead time, accounts receivable, sales 
B) Accounts payable, lead time, accounts receivable, inventory 
C) Accounts payable, cost of sales, accounts receivable, inventory 
D) Accounts payable, lead time, accounts receivable, assets 
A) Inventory, lead time, accounts receivable, sales 
B) Accounts payable, lead time, accounts receivable, inventory 
C) Accounts payable, cost of sales, accounts receivable, inventory 
D) Accounts payable, lead time, accounts receivable, assets

Question 6

Which of the following is not an aspect of ERP that determines quality?

Accepted Answer

A) The software should be multifunctional. 
B) The software should be integrated. 
C) The software should narrowly focus on a single function. 
D) The software must facilitate basic planning. 
A) The software should be multifunctional. 
B) The software should be integrated. 
C) The software should narrowly focus on a single function. 
D) The software must facilitate basic planning.

Question 7

____________________________ is a term that refers to delivering hosted ERP services over the Internet.This can significantly reduce the cost of ERP.

Accepted Answer

cloud computing
Explanation: Cloud compu

Question 8

In what ways can ERP be used to strengthen the entire supply chain?

Accepted Answer

Because ERP is concerned with all aspect

Question 9

What set of applications supports the capabilities needed to manage, schedule, pay, hire, and train people who make the organization run?

Accepted Answer

A) Sales and marketing 
B) Manufacturing 
C) Logistics 
D) Human resources 
A) Sales and marketing 
B) Manufacturing 
C) Logistics 
D) Human resources

Question 10

Quality management software supports the activities associated with planning and performing repairs and preventive maintenance.

Accepted Answer

A) True 
 B)False

Question 11

What industries find CRP most useful?

Accepted Answer

A) Manufacturing and engineering industries 
B) Sports and entertainment industries 
C) Consumer product and retail industries 
D) Financial and accounting industries 
A) Manufacturing and engineering industries 
B) Sports and entertainment industries 
C) Consumer product and retail industries 
D) Financial and accounting industries

Question 12

ERP systems can be inefficient at handling the numerous transactions that document the activities of a company.

Accepted Answer

A) True 
 B)False

Question 13

What is the name of Microsoft's version of ERP?

Accepted Answer

A) Dynamics 
B) Manugistics 
C) Oracle 
D) i2 
A) Dynamics 
B) Manugistics 
C) Oracle 
D) i2

Question 14

A SAP system can accommodate items that must be maintained in inventory while simultaneously supporting JIT efforts for other items.

Accepted Answer

A) True 
 B)False

Question 15

Microsoft Dynamics is the largest ERP vendor.

Accepted Answer

A) True 
 B)False

Question 16

What are two of the main objectives of ERP?

Accepted Answer

A) Transaction processing and decision support 
B) Product tracking and customer invoicing 
C) Transaction processing and logistic optimizing 
D) Resource tracking and master schedule planning 
A) Transaction processing and decision support 
B) Product tracking and customer invoicing 
C) Transaction processing and logistic optimizing 
D) Resource tracking and master schedule planning

Question 17

When selecting an ERP system, it is possible to take a multivendor approach.

Accepted Answer

A) True 
 B)False

Question 18

When moving product, it is optimal to focus on the lowest price quote of each individual distribution stage.

Accepted Answer

A) True 
 B)False

Question 19

What three functional areas make up the manufacturing operating cycle?

Accepted Answer

A) Manufacturing, sales, and distribution 
B) Purchasing, manufacturing, and logistics 
C) Procurement, engineering, and sales 
D) Purchasing, manufacturing, and sales and distribution 
A) Manufacturing, sales, and distribution 
B) Purchasing, manufacturing, and logistics 
C) Procurement, engineering, and sales 
D) Purchasing, manufacturing, and sales and distribution

Question 20

If a small company has average daily sales of $5,000 and accounts receivable of $150,000, what is the average days of accounts receivable?

Accepted Answer

A) 30 days 
B) 3.3 days 
C) $5,000/month 
D) 33.3 days 
A) 30 days 
B) 3.3 days 
C) $5,000/month 
D) 33.3 days

Exam 17: Enterprise Resource Planning Systems

A typical ERP system has modules that use the same user interface, similar to that of Microsoft Office products.

A strength of ERP systems is that it is not necessary to have consistent definitions across all functional areas.

Asset turns is a measure of cash flow.

In the functional silo approach, the purchasing function typically considers quality a goal.

What information is necessary to calculate the cash-to-cash cycle time?

Which of the following is not an aspect of ERP that determines quality?

____________________________ is a term that refers to delivering hosted ERP services over the Internet.This can significantly reduce the cost of ERP.

In what ways can ERP be used to strengthen the entire supply chain?

What set of applications supports the capabilities needed to manage, schedule, pay, hire, and train people who make the organization run?

Quality management software supports the activities associated with planning and performing repairs and preventive maintenance.

What industries find CRP most useful?

ERP systems can be inefficient at handling the numerous transactions that document the activities of a company.

What is the name of Microsoft's version of ERP?

A SAP system can accommodate items that must be maintained in inventory while simultaneously supporting JIT efforts for other items.

Microsoft Dynamics is the largest ERP vendor.

What are two of the main objectives of ERP?

When selecting an ERP system, it is possible to take a multivendor approach.

When moving product, it is optimal to focus on the lowest price quote of each individual distribution stage.

What three functional areas make up the manufacturing operating cycle?

If a small company has average daily sales of $5,000 and accounts receivable of $150,000, what is the average days of accounts receivable?

Introduction

Strategy

Design of Products and Services

Project Management

Strategic Capacity Management

Learning Curves

Manufacturing Processes

Facility Layout

Service Processes

Waiting Line Analysis and Simulation

Process Design and Analysis

Six Sigma Quality

Statistical Quality Control

Lean Supply Chains

Logistics Distribution, and Transportation

Global Sourcing and Procurement

Forecasting

Sales and Operations Planning

Inventory Management

Material Requirements Planning

Workcenter Scheduling

Theory of Constraints

Health Care

Operations Consulting

Filters