Exam (elaborations)
ISM_ Chapter 8 (1)
- Institution
- Chapter 5: Time Value Of Money
Exam of 4 pages for the course Chapter 5: Time Value of Money at Chapter 5: Time Value of Money (ISM_ Chapter 8 (1))
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ISM: Chapter 8With online transaction processing systems, the data is timely and accurate. - ANS-true
External users of product lifecycle management (PLM) software include packaging suppliers
and contract manufacturers. - ANS-true
The MIS, DSS, and KM systems get inputs from the XML. - ANS-false
In a transaction processing cycle, capturing data at its source and recording it accurately in a
timely fashion with minimal manual effort and in an electronic or digital form so that it can be
directly entered into the computer is known as source data automation. - ANS-true
Many organizations employ decision support systems that capture and process the detailed
data necessary to update records about the fundamental business operations of an
organization. - ANS-false
In the context of purchasing systems involved in the traditional transaction processing systems,
when an invoice arrives from a supplier, it is matched to the original ______ and the receiving
report. A check is then generated if all data is complete and consistent. - ANS-order
Access to and use of a customer relationship management (CRM) is limited to members of the
marketing and sales teams in an organization. - ANS-false
Which of these is a disadvantage of the hosted software model? - ANS-The hosted software
model increases potential data security issues.
With online transaction processing, the data is processed later, after a delay. - ANS-false
Computer-aided manufacturing (CAM) is the use of software to control machine tools and
related machinery in the manufacture of components and products. - ANS-true
The information about a product from the design stage to its retirement stage is tracked by the
________ system. - ANS-product lifecycle management
An enterprise that has up to 500 employees is classified as a ___________. - ANS-small- or
medium-sized enterprise
Supply chain management includes _______. - ANS-the planning, executing, and controlling of
all activities involved in raw material sourcing and procurement, converting raw materials to
finished products, and the warehousing and delivering of finished products
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