Sunday 14 June 2020

ENTERPRISE RESOURCE PLANNING IIBM EXAM ANSWER SHEET


 ENTERPRISE RESOURCE PLANNING IIBM EXAM ANSWER SHEET
Enterprise Resource Planning

 Section A: Objective Type & Short Questions (30 marks)
Part one:
Multiple choice:


1.      Which of the following describes an ERP system?

a. ERP systems provide a foundation for collaboration between departments
b. ERP systems enable people in different business areas to communicate
c. ERP systems have been widely adopted in large organizations to store critical knowledge used to make the decisions that drive the organization’s performance.
d. All of the above

Ans: D All the above



2. The responsibilities of the office manager in a firm that produces electronics spares is:

a. Everything in the office runs efficiently
b. Furniture and other equipment in the office is adequate
c. Processing all the incoming official mail and responding to some
d. All of the above

Ans: d. All of the above



3. Physiological Barriers of listening are:

a. Hearing impairment
b. Physical conditions
c. Prejudices
d. All of the above

Ans: d. All of the above



4. What is the main function of Business Communication: (1)
a. Sincerity
b. Positive language
c. Persuasion
d. Ethical standard
Ans: c. Persuasion




5. Which presentation tend to make you speak more quickly the unusual:
a. Electronic
b. Oral
c. Both „a‟ and”b”
d. None of the above

Ans: b. Oral


6. Labov’s Storytelling Model based on: 
a. Communication through speech
b. Language learning
c. Group Discussions
d. None of the above

Ans:  a. Communication through speech


7. Diagonal Communication is basically the: 
a. Communication across boundaries
b. Communication between the CEO and the managers
c. Communication through body language
d. Communication within a department

Ans: b. Communication between the CEO and the managers


8. Direct Eye contact of more than 10 seconds can create: 
a. Discomfort &Anxiety
b. Emotional relationship between listeners and speakers
c. Excitement
d. None of the above

Ans: a. Discomfort &Anxiety


9. How to make Oral Communication Effective? 
a. By Clarity
b. By Brevity
c. By Right words
d. All of the above

Ans: d. All of the above


10. Encoding means: 
a. Transmission
b. Perception
c. Ideation
d. None of the above
Ans: a. Transmission

PART TWO

1.      Define ERP?


Enterprise resource planning (ERP) is a process used by companies to manage and integrate the important parts of their businesses. Many ERP software applications are important to companies because they help them implement resource planning by integrating all of the processes needed to run their companies with a single system. An ERP software system can also integrate planning, purchasing inventory, sales, marketing, finance, human resources, and more.

ERP applications also allow the different departments to communicate and share information more easily with the rest of the company. It collects information about the activity and state of different divisions, making this information available to other parts, where it can be used productively.
ERP applications can help a corporation become more self-aware by linking information about the production, finance, distribution, and human resources together. Because it connects different technologies used by each part of a business, an ERP application can eliminate costly duplicate and incompatible technology. The process often integrates accounts payable, stock control systems, order-monitoring systems, and customer databases into one system.



2.      What are ERP packages?
The ERP package is designed to support and integrate almost every functional area of a business process such as procurement of goods and services, sale and distribution, finance, accountings, human resource, manufacturing, production planning, logistics & warehouse management.
Planning and Executing
 Many companies develop and implement various ERP packages according to their budget and requirements to help them meet their business needs and run their business efficiently.


3.      What are the reasons for the explosive growth of the ERP market?

Reasons for the explosive growth of the ERP market are:


 1.ERP affects almost all organizations –Irrespective of the organizations‘ size, industry segment and nature of business, ERP has changes the way they do business. ERP has increased the efficiencies and competitiveness of organizations. It has automated many business processes, streamlined day-to-day operations and has helped organizations in serving their customers better.
 2)ERP forces competition to change –ERP forces the competitors to change their business strategies and processes. It provides competitive advantage and creates value.
3)ERP improves the profits of the consulting firms –Consulting firms offer a variety of ERP related services. These services range from Business Process Re-engineering (BPR), selecting the right ERP package, ERP implementation, end-user training, and post-implementation support and so on.
 4)ERP has changed the Nature of jobs in all Functional Business Areas –Enterprise resource planning has change the nature of jobs in functional areas such as manufacturing. Understanding the business is probably the most critical aspect now.
5)ERP supports business growth requirements -ERP consolidates how the information will be available for use by management. ERP allows tools to be used in which expectations are laid, designs are explained, specifications are defines and no unintended consequences are ensured.
6)ERP provides flexible decision support -ERP is a real time decision support system which can provide flexible and integrated support for complex decisions. ERP can also provide alternatives in suggesting a better, less costly but efficient manner for deployment purpose.
7)ERP eliminates legacy systems -Legacy systems are old systems that are still present and used in a business and can present problems for a company. ERP can address the problem by pointing out what information is necessary to provide a workable and viable system. Thus, management will come to realize that the legacy systems are not able to achieve the output of efficiency required, necessitating the input of network and/or software updates.
8)ERP takes advantage of untapped markets -As business practices are fine-tuned with ERP, new market possibilities develop that were unknown before. When uncovered, their elements can yield a new way to introduce sales or other business efficiencies into the system.
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4. What is Business Integration and how do the ERP systems achieve it?



It’s best to start with a simple definition: Business integration is the technique companies use to align the use of their technology assets with their business to meet a shared goal or outcome. The unification of technology and business goals allows companies to operate smoothly as they move forward and adapt.
For businesses seeking integration services, an ERP system, or enterprise resource management system, is an excellent choice. This is because ERP systems are specifically designed to combine business technology tools and functions together so they can easily be accessed through a single system. This allows for easy access to information and provides companies with the flexibility and freedom to grow.
ERP Integration in Business
Taking your company to the next level is essential if you wish to get a competitive edge in business — and integrating your enterprise resource planning (ERP) system is an essential part of this process.
ERP stands for enterprise resource planning and is a way that departments communicate within a business. ERP software works as, or along with, a project manager to keep things running smoothly and to make sure that everyone in the department has the information they need to complete important projects on time.

An integrated ERP system works with a variety of business platforms to support enhanced departmental communication and insight. This means that important, relevant information from accounting can be shared with marketing and HR—and vice versa.
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