Exam 4: Software and Systems

There are several great accounting software products that companies can choose from, including one of the most popular options on the market, QuickBooks. Discuss areas of the business that QuickBooks is used to manage.

Excel is a spreadsheet application software. Select the Excel function listed below that you would use if you wanted to calculate the total of a range of cells.

The textbook discussed three control activity considerations for small businesses. In a smaller business, incompatible business functions are often combined. A small business may prevent unauthorized individuals from accessing resources like buildings, computers, hard drives, and inventory. This is an example of what control activity?

Companies can grow in two ways, organic growth or acquisition-based growth. Choose the best definition of acquisition-based growth

RAM Manufacturing LLC is a rapidly growing manufacturer of parts for the automotive industry. RAM Manufacturing maintains a large amount of inventory and uses NetSuite as their inventory management system. RAM Manufacturing recently acquired Top Automotive LLC and the acquisition closes in three months. Top Automotive uses Sellbrite to manage its inventory. Fortunately, you discover that both companies use a 10 numeric digit inventory numbering system and have many similarities in how they manage inventory. You are given the responsibility to integrate the two inventory systems. Since the acquisition closes in three months, what approach would you recommend for their inventory systems?

Successful ERP systems support the core business processes in a company's operations. Every function within the ERP is called a module. What is the best definition of the customer relationships management (CRM) module?

Businesses typically have many systems, some internally developed, some purchased, and others acquired. Businesses want these systems to communicate with one another and provide users with easier access to data. There are three systems configurations that consolidate and coordinate data across multiple locations. These three include centralized systems, decentralized systems, and distributed systems. Each configuration has advantages and disadvantages. Which of the following is an advantage of decentralized systems?

Businesses typically have many systems, some internally developed, some purchased, and others acquired. Businesses want these systems to communicate with one another and provide users with easier access to data. There are three systems configurations that consolidate and coordinate data across multiple locations. These three include centralized systems, decentralized systems, and distributed systems. Each configuration has advantages and disadvantages. Which of the following is a disadvantage of centralized systems?

An online analytics processing system (OLAP): I. Modifies the database by adding and changing transaction data II. Queries the database to answer questions

The textbook discussed three control activity considerations for small businesses. In a smaller business, incompatible business functions are often combined. A small business may implement a compensating control such as manager supervision. This is an example of what control activity?

There are four different levels of information systems, each providing information for users at different levels of the company. Match the systems with who uses the system. -Transaction processing system

An online transaction processing system (OLTP) processes: I. Transactions II. Reports and analytics

Most vendors offer different types of solutions for companies to choose from when selecting an ERP system. Which type of system has some add-ins and features that can be customized for customers' needs?

The textbook discussed three control activity considerations for small businesses. In a smaller business, incompatible business functions are often combined. A small business may prevent unauthorized individuals from accessing systems, databases, or applications. This is an example of what control activity?

Businesses typically have many systems, some internally developed, some purchased, and others acquired. Businesses want these systems to communicate with one another and provide users with easier access to data. There are three systems configurations that consolidate and coordinate data across multiple locations. These three include centralized systems, decentralized systems, and distributed systems. Each configuration has advantages and disadvantages. Which of the following is a disadvantage of distributed systems?

Businesses typically have many systems, some internally developed, some purchased, and others acquired. Businesses want these systems to communicate with one another and provide users with easier access to data. There are three systems configurations that consolidate and coordinate data across multiple locations. These three include centralized systems, decentralized systems, and distributed systems. Each configuration has advantages and disadvantages. Which of the following is an advantage of centralized systems?

Most vendors offer different types of solutions for companies to choose from when selecting an ERP system. There are three common types: Out of the box ERP, Configurable ERP, and Customizable ERP. Describe Out of the box ERP and compare it to purchasing a new car.

Businesses typically have many systems, some internally developed, some purchased, and others acquired. Businesses want these systems to communicate with one another and provide users with easier access to data. There are three systems configurations that consolidate and coordinate data across multiple locations. These three include centralized systems, decentralized systems, and distributed systems. Each configuration has advantages and disadvantages. Which of the following is a disadvantage of decentralized systems?

Whether a company needs systems software or application software, they must decide where to acquire it. They can purchase software from a third-party or develop the software in-house. Both methods of software sourcing have risks. Discuss the risks of purchasing third-party software.

There are four different levels of information systems, each providing information for users at different levels of the company. Match the systems with why the system is used. -Transaction processing system