Enterprise Resource Planning Flashcards
6 cards from real MIS practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Enterprise Resource Planning flashcards as text
In ERP terminology, what is a 'module'?
Answer: A specific functional area covered by the ERP system
ERP modules are distinct functional components covering specific business areas like finance, HR, manufacturing, or procurement.
Which ERP module manages accounts payable, accounts receivable, and general ledger?
Answer: Financial Accounting module
The Financial Accounting module in ERP handles core accounting functions including accounts payable, accounts receivable, and general ledger.
What is 'business process reengineering' in the context of ERP implementation?
Answer: Redesigning workflows to align with ERP best practices
Business process reengineering involves redesigning organizational workflows to align with the standardized best practices built into ERP systems.
Cloud-based ERP systems are also known as:
Answer: SaaS ERP (Software as a Service)
Cloud-based ERP systems are delivered as Software as a Service (SaaS), hosted by the vendor and accessed via the internet.
Which factor most significantly contributes to ERP implementation failure?
Answer: Lack of top management support and poor change management
Research consistently shows that lack of executive sponsorship and poor change management are the leading causes of ERP implementation failure.
The ERP concept of a 'single source of truth' means:
Answer: All departments access consistent, unified data from one integrated system
A single source of truth in ERP ensures all departments work from the same consistent, real-time data rather than maintaining separate systems.
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