Enterprise resource planning Test Questions with Correct Answers Fully Solved

Enterprise resource planning Test Questions with Correct Answers Fully Solved Cloud-based ERP systems are a form of - Answers Software as a Service (SaaS). In what ways do Enterprise Resource Planning (ERP) systems help organizations improve operational efficiency - Answers provide a centralized database, provide access to data, offer customization, and demand low start-up fees What is the overarching goal of organizations choosing to adopt an enterprise resource planning (ERP) system? - Answers increase operational efficiency Why is an organization's chief financial officer more likely to have an accurate picture of its total cash flow if the organization has ERP software that integrates its financial management system? - Answers accurate cash flow information with this type of ERP system because she/he can quickly generate a single cash flow report for the entire organization, using real-time data from across its operational areas, at any time. A key component, and major advantage, of an ERP is its - Answers centralized data ERP software allows man - Answers false Human resource management includes subjectivity and therefore cannot be meaningfully included in enterprise resource management (ERP) systems. - Answers false Which type of ERP module collects data such as customer information, order history, shipping information, and customer satisfactions measures? - Answers e-commerce operations additional benefits of integrating ERP systems with financial management systems to provide centralized access and management of financial data. - Answers improved visibility, structured compliance architecture, the ability to generate financial reports, and greater interaction between demand and supply Integrating a business software module into an ERP has several advantages. Which of the following business software modules includes customer payment information? - Answers TPS software Accounting management systems give organizations the ability to measure cash flows, calculate tax liabilities, maintain compliance to legal and accounting regulations, and optimize profitability. - Answers false Enterprise resource planning systems allow managers to view reports that integrate data from various operational areas within the organization, thus facilitating informed business decisions - Answers true ERP software integrates several software packages into a single platform. Which of the following software packages stores employee compensation and performance information? - Answers HRM software A manufacturer's latest smartphone has become extremely popular. How can the manufacturer use its ERP system to ensure that its retailers are able to keep the phone in stock? - Answers by obtaining CRM data about customer demand by analyzing BI data about its supply chain by using PM data to adjust its marketing campaign What must be integrated into an organization's enterprise resource management solution to allow it to create and maintain regulatory and compliance information from a centralized location? - Answers financial management systems software Most HRM modules provide a structured dashboard that managers can access for information. Which of the following information types are included? - Answers employee absences or leaves employee compensation employee performance review status employee environmental controls Which three of the following advantages for managers are realized through integration of a transaction processing system (TPS) with an enterprise resource planning (ERP) system? -