Exam (elaborations)
AIN1501 - ASSESSMENT 4 - QUESTIONS AND ANSWERS - SEMESTER 2 - 2024
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2024 – S1 – AIN1501 – ASSESSMENT 4 – Q&AAssessment 4
Started on Monday, 29 April 2024,
State Finished
Completed on Monday, 29 April 2024,
Time taken
Grade 60.00 out of 60.00 (100%)
Question 1
In defining what an ERP is, through a single, comprehensive ERP system, many
companies have introduced new systems that help in upgrading and managing their
daily business, reserves, processes and link the sections of each other…
a.
TRUE.
b.
FALSE.
Feedback
The correct answer is: TRUE.
Question 2
Instead of it not being controlled by a single bank or government, bitcoin uses a
peer-to-peer (P2P) payment network made up of users with bitcoin accounts...
a.
TRUE.
b.
FALSE.
Feedback
The correct answer is: TRUE.
Question 3
Many companies specialise in building ERP systems, the most famous such
company is SAP which produced a product that bears its name (SAP)…
1
,2024 – S1 – AIN1501 – ASSESSMENT 4 – Q&A
a.
TRUE.
b.
FALSE.
Feedback
The correct answer is: TRUE.
Question 4
In oracle, the term database refers to the remote storage of information and the term
instance, refers to the software executing on the server that provides access to
information in the database and the resources that software uses.
a.
TRUE.
b.
FALSE.
Feedback
The correct answer is: FALSE.
Question 5
SAP objective was to ensure its coherence and efficiency without having to use
several software systems from different companies, which are expensive and most
often purchased by the largest companies...
a.
TRUE.
b.
FALSE.
Feedback
The correct answer is: TRUE.
2
, 2024 – S1 – AIN1501 – ASSESSMENT 4 – Q&A
Question 6
Although in a study conducted in Serbia, SAP was found to be one of the best, the
most popular and the most widely accepted ERP software, results of the relationship
between SAP and ERP software, showed that the identification of a time gap
between the moment of the implementation of the system and the first positive
effects less involved with data entry, thus allowing them to undertake more analysis -
as financial information is more extensive…
a.
TRUE.
b.
FALSE.
Feedback
The correct answer is: FALSE.
Question 7
Unlike traditional currencies, bitcoin is ...
a.
Centralised.
b.
Controlled.
c.
Decentralised.
d.
Uncontrolled.
Feedback
The correct answer is: Decentralised.
Question 8
In sectors that are more impacted by the pandemic, businesses need to
fundamentally rethink what creates value, what is important right now, and in the
future, and what role digital innovation can play in making new things happen...
3
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