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| 1 | |
ERP Stands for: |
| | A) | Engaged Research and Planning |
| | B) | Enterprise Reasoned Plan |
| | C) | Enterprise Resource Planning |
| | D) | Effective Resource Planning |
| | E) | Electronic Research Plan |
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| 2 | |
An ERP system should be capable of: |
| | A) | Posting and tracking the detailed activities of a business |
| | B) | Help users make intelligent judgments about how to run a business |
| | C) | A or B |
| | D) | A and B |
| | E) | None of the above |
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| 3 | |
The scope of ERP applications extends to: |
| | A) | Accounting and finance |
| | B) | Human resources, sales and marketing, and manufacturing and logistics |
| | C) | Customer relationship management and cloud computing |
| | D) | A and B |
| | E) | All of the above |
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| 4 | |
Functions related to supply chain management in SAP ERP system are all of the following except: |
| | A) | Supply chain planning |
| | B) | Supply chain execution |
| | C) | Supply chain collaboration |
| | D) | Supply chain cooperation |
| | E) | supply chain coordination |
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| 5 | |
Internal supply chain of a manufacturing enterprise consists of all of the following except: |
| | A) | Procurement cycle |
| | B) | Marketing cycle |
| | C) | Sales and distribution cycle |
| | D) | Manufacturing cycle |
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| 6 | |
Cash-to-cash cycle time is equal to: |
| | A) | Inventory days of supply - Days of sales outstanding + Average payment period for material |
| | B) | Inventory days of supply + Days of sales outstanding - Average payment period for material |
| | C) | Inventory days of supply - Days of sales outstanding + Average payment period for material |
| | D) | Inventory days of supply - Days of sales outstanding - Average payment period for material |
| | E) | Inventory days of supply + Days of sales outstanding + Average payment period for material |
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| 7 | |
All of the following are measures (metrics) developed by the Supply Chain Council to measure performance of a supply chain except: |
| | A) | Fill rate by line item |
| | B) | Inventory days of supply |
| | C) | Cash-to-credit cycle time |
| | D) | Cash-to-cash cycle time |
| | E) | Asset turns |
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| 8 | |
For XYZ, Inc. sales during the last 60 days were $1,800,000, accounts receivables at the end of the month were $300,000, and inventory value at the end of the month equaled $630,000. Cost of the sales is 70% of the total sales. Accounts payable at the end of the month was $252,000. Therefore, cash-to-cash cycle (in days) is equal to: |
| | A) | 28 |
| | B) | 52 |
| | C) | 32 |
| | D) | 31.6 |
| | E) | 22.6 |
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| 9 | |
For XYZ, Inc. sales during the last 60 days was $1,800,000, accounts receivables at the end of the month was $300,000, and inventory value at the end of the month equaled $630,000. Cost of the sales is 80% of the total sales. Accounts payable at the end of the month was $252,000. Therefore, cash-to-cash cycle (in days) is equal to: |
| | A) | 22.6 |
| | B) | 20 |
| | C) | 25.75 |
| | D) | 26.25 |
| | E) | 21 |
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| 10 | |
In the cash-to-cycle calculation, if the accounts payable doubled, and if the accounts receivables halved, and other things remaining the same, then: |
| | A) | Cash-to-cash cycle will increase |
| | B) | Cash-to-cash cycle will stay the same |
| | C) | Cannot tell since it depends on other variables |
| | D) | Cash-to-cash cycle will decrease |
| | E) | Cash-to-cash cycle will increase if cost of sales is less than 0.5 and will decrease if cost of sales is equal to or more than 0.5. |
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