Question 1

ERP system is a highly integrated, and enterprise wide information system that covers&#10;A)All the functional areas of an organization&#10;B)Manufacturing&#10;C)zarea of an organization&#10;D)Materials department of an organization

Accepted Answer

ERP systems are designed to cover all functional areas of an organization, integrating various departments and processes into a single unified system.

Question 2

Important business challenges of business, which are the main driving reasons for adoption of ERP systems are&#10;A)Competitive Environment&#10;B)Information Age&#10;C)Enterprise Systems&#10;D)(a) and (b)&#10;

Accepted Answer

The main driving reasons for the adoption of ERP systems include the competitive environment and the information age, which necessitate efficient, integrated operations and real-time data access.

Question 3

ERP systems provide a number of benefits which include&#10;A)Reduced Inventory&#10;B)Reduced Manpower&#10;C)Reduced cycle time&#10;D)All of the above

Accepted Answer

ERP systems streamline processes, improve efficiency, and provide better data management, leading to reduced inventory, manpower, and cycle time.

Question 4

The ERP systems which are poorly conceived and/or poorly implemented, will&#10;A)fail and would not be able to provide the desired results&#10;B)may even prove fatal for the organization&#10;C)succeed after two years&#10;D)(a) and (b)&#10;

Accepted Answer

ERP systems that are poorly conceived or implemented can fail to deliver the desired results and, in extreme cases, may even prove fatal for the organization by disrupting critical business processes and decision-making.

Question 5

ERP systems play a vital role in supporting&#10;A)The business processes and operations of an organization&#10;B)Decision making by employees and managers of an organization&#10;C)The strategies of an organization for competitive advantage&#10;D)All of the above

Accepted Answer

ERP (Enterprise Resource Planning) systems support the business processes and operations, aid in decision-making by employees and managers, and help in strategizing for competitive advantage, thus encompassing all the mentioned aspects.

Question 6

Any manager in an organization needs to understand&#10;A)The basic concepts of ERP System&#10;B)The strategic planning process and the implementation process for ERP system&#10;C)(a) and (b)&#10;D)The computer programming used in ERP systems&#10;

Accepted Answer

Managers need to understand both the basic concepts of ERP systems and the strategic planning and implementation processes for these systems to effectively integrate them into their organizations. Understanding computer programming is not a necessity for most managerial roles regarding ERP systems.

Question 7

ERP systems have evolved from&#10;A)The Materials Requirements Planning(MRP) Systems&#10;B)The Manufacturing Requirements Planning(MRP II)&#10;C)(a) and (b)&#10;D)Artificial Intelligence Systems&#10;

Accepted Answer

ERP systems have evolved from both the Materials Requirements Planning (MRP) Systems and the Manufacturing Requirements Planning (MRP II) systems. MRP was initially focused on inventory control and production planning, while MRP II expanded to include additional manufacturing processes. ERP systems further broadened the scope to integrate all core business processes.

Question 8

Enterprise resource planning (ERP)&#10;A)has been made possible because of advances in hardware and software&#10;B)uses client/server networks&#10;C)creates commonality of databases&#10;D)All of the above are true of ERP

Accepted Answer

ERP systems have indeed been enabled by advances in both hardware and software, utilize client/server networks for their architecture, and centralize information into common databases to streamline processes and improve data accuracy across an organization.

Question 9

A major strength of MRP is its capability&#10;A)to minimize labor hours used in production&#10;B)for timely and accurate replanning&#10;C)to reduce lead times&#10;D)to maximize production throughput

Accepted Answer

MRP (Material Requirements Planning) is primarily valued for its ability to provide timely and accurate replanning based on changes in demand, supply, and production schedules, ensuring that materials are available for production and products are available for delivery to customers.

Deck 2: Understanding Enterprise Resource Planning ERP Systems and Their Benefits