- 1. What does the FINANCE component of an ERP system primarily track?
A) Inventory levels
B) Customer purchase history
C) Employee attendance
D) Cash flow
- 2. The primary goal of an ERP system is to isolate information within specific departments rather than distributing it across the entire company.
A) True
B) False
- 3. This advantage proves particularly valuable for companies with a dispersed network of affiliates spanning several states or even different continents
A) Improved coordination
B) Higher management performance
C) Cost effectiveness
D) Better accuracy and availability of information
- 4. Cloud ERP system typically require significant upfront investment in hardware due to their hosting on remote servers
A) False
B) True
- 5. What is the main benefit of CUSTOMER RELATIONSHIP MANAGEMENT (CRM) within an ERP system?
A) Warehouse management
B) Tracking customer purchase history
C) Managing financial transaction
D) Monitoring employee attendance
- 6. Who within the company can harness the power of aggregated data more efficiently, enabling the formulation of innovative strategies or recommendations for enhancing existing once?
A) Manager
B) Management teams and business analyst
C) HR department
- 7. High skills demand high wages per hour
A) Requires training and practice
B) High cost to deploy and maintain
C) Cost effectiveness
D) Large cost of licensing and development
- 8. This not only minimize the risk of human errors but also eliminates the necessity to convert paper based data into digital formats.
A) Cost effectiveness
B) Better accuracy and availability of information
C) Higher management performance
D) Improved coordination
- 9. On - Premise ERP system typically require less customization due to their nature of being installed directly onto a company's own servers.
A) False
B) True
- 10. What does MANUFACTURING AND LOGISTICS component of an ERP system primarily track?
A) Supplier relationship
B) Analyzing warehouse and inventory levels
C) Customer demands
D) Payment of taxes
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