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Compare core enterprise resource planning components and extended enterprise resource planning components.

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Core ERP components-traditional componen...

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Which component is a credit-management feature typically included in?


A) Accounting and finance components
B) Production and managerial management components
C) Human resource components
D) Production and materials management components

E) A) and D)
F) A) and C)

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SCM, CRM, and ERP are all extended ERP components.

A) True
B) False

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Which of the following describes an ERP system?


A) ERP systems provide a foundation for collaboration between departments
B) ERP systems enable people in different business areas to communicate
C) ERP systems have been widely adopted in large organizations to store critical knowledge used to make the decisions that drive the organization's performance
D) All of these

E) A) and B)
F) All of the above

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Elogistics manage the transportation and storage of goods.

A) True
B) False

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Which of the following occurs when everyone involved in sourcing, producing, and delivering the company's product works with the same information?


A) Eliminates redundancies
B) Cuts down wasted time
C) Removes misinformation
D) All of the choices are correct

E) A) and D)
F) A) and B)

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What is the key word in ERP?


A) Enterprise
B) Resource
C) Planning
D) None of the choices are correct

E) A) and B)
F) B) and C)

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Who are the primary users of SCM systems?


A) Sales, marketing, customer service
B) Accounting, finance, logistics, and production
C) Customers, resellers, partners, suppliers, and distributors
D) All of these

E) C) and D)
F) None of the above

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Which extended ERP component collects information used throughout an organization, organizes it, and applies analytical tools to assist managers with decisions?


A) Business intelligence
B) Ebusiness
C) Customer relationship management
D) Supply chain management

E) B) and C)
F) A) and D)

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Describe the primary users and primary business benefits of CRM, SCM, and ERP applications.

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CRM applications' primary users are sale...

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The goal of ERP is to integrate all of the organizational systems into one fully functioning, high-performance system that is capable of meeting all business needs and user requirements. Of course, this goal is incredibly difficult to achieve because businesses and technologies experience rapid change, and ERP must support mobility, cloud, SaaS, and tiered architectures.

A) True
B) False

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The primary concern with mobile ERP is security of sensitive data, including trade secrets, financial data, and customer data.

A) True
B) False

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What is enterprise resource planning?


A) The analysis and redesign of workflow within and between enterprises
B) A standardized set of activities that accomplish a specific task, such as processing a customer's order
C) A system that serves as the organization's backbone in providing fundamental decision-making support
D) A system that involves managing all aspects of a customer's relationship with an organization to increase customer loyalty and retention and an organization's profitability

E) B) and C)
F) All of the above

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Describe the four primary components found in extended enterprise resource planning systems.

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Business intelligence-describes informat...

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Eprocurement is the business-to-business (B2B) online purchase and sale of supplies and services.

A) True
B) False

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Which of the following is a component ERP vendors offer to differentiate themselves in the marketplace?


A) Accounting
B) CRM
C) Sales
D) Human resources

E) C) and D)
F) A) and B)

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Which application's primary business benefits include sales forecasts, sales strategies, and marketing campaigns?


A) CRM
B) SCM
C) ERP
D) All of these

E) C) and D)
F) A) and D)

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Which activities do human resource components perform?


A) Track employee information including payroll, benefits, compensation, and performance assessment and assume responsibility for compliance with the legal requirements of multiple jurisdictions and tax authorities
B) Handle the various aspects of production planning and execution such as demand forecasting, production scheduling, job cost accounting, and quality control
C) Manage accounting data and financial processes within the enterprise with functions such as general ledger, accounts payable, accounts receivable, budgeting, and asset management
D) None of these

E) A) and B)
F) A) and C)

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What is the business-to-business (B2B) online purchase and sale of supplies and services?


A) Software customization
B) Data integration
C) Elogistics
D) Eprocurement

E) B) and C)
F) C) and D)

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What are the primary business benefits of an ERP system?


A) Sales forecasts, sales strategies, and marketing campaigns
B) Market demand, resource and capacity constraints, and real-time scheduling
C) Forecasting, planning, purchasing, material management, warehousing, inventory, and distribution
D) All of these

E) None of the above
F) A) and D)

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