Exam 17: Enterprise Resource Planning Systems

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

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

On which four major areas do ERP modules typically focus?

Discuss some of the benefits of using an ERP system.

Only manufacturing affects the inventory account.

What is the primary goal of an ERP system?

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?

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

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

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

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

How often are major software changes typically made to ERP?

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

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

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

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

Which is not one of the main functions of SAP?

"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?

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

Defects often occur during changeovers.