Accounting Information Systems: The Processes and Controls, 2nd Edition

END OF CHAPTER MATERIAL

CONCEPT CHECK

1. 1. Which of the following advantages is least likely to be experienced by a company implementing an enterprise resource planning (ERP) system?
   1. Reduced cost
   2. Improved efficiency
   3. Broader access to information
   4. Reduced errors
2. 2. An ERP system is a software system that provides each of the following except
   1. collection, processing, storage, and reporting of transactional data
   2. enhancement of e-commerce and e-business
   3. coordination of multiple business processes
   4. physical controls for the prevention of inventory theft
3. 3. Which of the following is not a feature of an ERP system's database?
   1. Increased efficiency
   2. Increased need for data storage within functional areas
   3. Increased customer service capability
   4. Increased data sharing across functional areas
4. 4. Manufacturing companies implement ERP systems for the primary purpose of
   1. increasing productivity
   2. reducing inventory quantities
   3. sharing information
   4. reducing investments
5. 5. What company developed the first true ERP systems?
   1. Microsoft
   2. Peoplesoft
   3. SAP
   4. IBM
6. 6. In the late 1990s, the Y2K compatibility issue was concerned primarily with computer systems'
   1. file retrieval capability
   2. data storage
   3. human resource comparisons
   4. capital budgeting
7. 7. The primary difference between ERP and ERP II systems is that ERP II may include
   1. Internet EDI
   2. logistics modules
   3. reporting modules
   4. a data warehouse
8. 8. Which of ...