ISM HW 2 – Flashcards
10 test answers
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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?
answer
Human resource components
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Which of the following is the equivalent to purchasing a canned software ERP package?
answer
off the rack
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What is enterprise resource planning?
answer
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?
answer
-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?
answer
-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?
answer
66 percent
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