ISM HW 2 – Flashcards
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Which of the following will help an organization maintain consistent business operations?
answer
Marketing, sales, and accounting departments decide to use the same vendor for a new system
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Which system did the city of Los Angeles decide to implement to integrate purchasing and financial reporting?
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ERP
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Which ERP component would have a feature to set a credit limit?
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Accounting and finance
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What is the key word in ERP?
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Enterprise
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Which component can help an organization determine such things as the identification of individuals who are likely to leave the company unless additional compensation or benefits are provided?
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Human resource components
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Which of the following is the equivalent to purchasing a canned software ERP package?
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off the rack
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What is enterprise resource planning?
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Integrates all departments and functions throughout an organization into a single TI system so that employees can make decisions by viewing enterprisewide information on all business operations
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Which of the following describes an ERP system?
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-ERP systems provide a foundation for collaboration between departments -ERP systems enable people in different business areas to communicate -ERP systems have been widely adopted in large organizations to store critical knowledge used to make the decisions that drive the organization's performance (All of the above)
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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?
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-Eliminates redundancies -Cuts down wasted time -Removes misinformation (all of the above)
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What is the average failure rate for an ERP project according to Gartner research?
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66 percent
