ERP ERP Fundamentals 3

Question 1

Which ERP implementation strategy involves running the old system and new ERP simultaneously for a period?

Accepted Answer

Parallel running

Answer

Parallel running keeps both legacy and new ERP systems active simultaneously so outputs can be compared and risks mitigated before full cutover.

Question 2

What is the primary function of the ERP General Ledger (GL) module?

Accepted Answer

Record all financial transactions and produce financial statements

Answer

The General Ledger is the central repository for all financial data, supporting the creation of balance sheets, income statements, and other financial reports.

Question 3

What does 'total cost of ownership' (TCO) include when evaluating an ERP system?

Accepted Answer

License, implementation, training, maintenance, and upgrade costs over time

Answer

TCO encompasses all direct and indirect costs over the ERP's lifetime, including implementation services, customization, training, support, and upgrades.

Question 4

In an ERP system, what is a 'master record'?

Accepted Answer

Core reference data such as vendor, customer, or material information used across transactions

Answer

Master records store foundational data (e.g., vendor master, material master) that is reused across multiple transactions and modules.

Question 5

Which ERP capability allows field service teams to access system data from mobile devices?

Accepted Answer

Mobile ERP

Answer

Mobile ERP extends system access to smartphones and tablets, enabling field workers to update orders, view inventory, and log time remotely.

ERP - Management Practice Test

ERP - Management Practice Test

ERP ERP Fundamentals 3