11 Jul 2014

Smu mba enterprises resource planning sample paper four




Unit 10-2 Mark  QuestionsIdentify the benefit of ERP financial module:
( Choose one )
Allows more than one user to work on different activities simultaneously.
Does not supports multiple currencies.
Maintains Offline information related to accounts of several years.
Supports only verification balance reports.
1. Identify the function of accounts Receivable and Payable:
Should have chosen
Internet integration, document management, flexible reporting using customer and vendor information systems.
Wrong
Document parking and drill down reporting
Feedback:Not the right choice: Document parking is storing of documents and drill down reporting is navigating through the data. It is not a function of accounts Receivable and Payable.
General ledger and plant maintenance
Document management and drill down reporting
2. Identify the functions of Payroll Accounting:
A. Describes salary payment of the employees.
B. Describes any legal issues of the organisation.
C. Maintains a master file that encompasses information of all the employees of the organisation.
A
Correct
B & C
Feedback:Right choice: Accounts receivable and payable transactions are performed automatically, when related processes take place.
B
A & C
3. Which of the following is the definition of Liquidity?
The ability of an asset that cannot be sold without causing a noticeable change in the price of the product and minimum loss of value of the product.
Correct
The ability of an asset that can be sold without causing a noticeable change in the Price and minimum loss of value of the product.
Feedback:Right choice: This is the definition of liquidity.
The ability of an asset that can be sold without causing a noticeable change in the price and maximum loss of value of the product.
The ability of an asset that can be sold with noticeable change in the price and minimum loss of value of the product.
5. ________ describes the design structure and hierarchy of an organisation and employee schedules along with their job roles.
Salary Administration
Wrong
Payroll accounting
Feedback:Not the right choice: Payroll accounting supports various versions of payroll accounting, multiple languages and multiple currency formats.
Should have chosen
Organisational Management
Benefits administration
6. ________ system ensures optimisation in unexpected expenses of the organisation.
Legal Consolidation
Wrong
Cost Centre Accounting
Feedback:Not the right choice: This module, analyses where overheads occur within the organisation. The system offers various methods for allocating posted amounts and quantities.
Product Cost Controlling
Should have chosen
Overhead cost controlling
4. Identify the benefit of ERP financial module:
Should have chosen
Allows more than one user to work on different activities simultaneously.
Does not supports multiple currencies.
Wrong
Maintains Offline information related to accounts of several years.
Feedback:Not the right choice: This is not a benefit of ERP financial module.
Supports only verification balance reports.

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