Entrepreneurship Development Solved MCQs with Answers

Entrepreneurship Development MCQ with Answers for preparation of MBA, BBA academic & competitive exams.

Entrepreneurship Development MCQ with Answers

Q1. To plane and manage all the resources of the organization —– systems are used
1. ERP
2. BOM
3. MRP
4. all of the above

Q2. ERP systems set of generic processes, produce the dramatic improvements that they are capable of only when used to connect parts of an organization and integrate its various processes seamlessly.
1. True
2. False

Q3. ERP packages were targeted at the manufacturing industry and consisted mainly of functions for —– and managing core business.
1. Advertisement
2. Marketing
3. Planning
4. Controlling

Q4. ERP was historically developed from the methods of —–
1. BOM
2. IT
3. MRP and MRP-II
4. none of the above

Q5. The attraction of information integration meant for —–
1. CEO
2. CFO
3. ERP Vendors
4. All of the above

Q6. Application area of ERP markets are
1. Share market
2. Mergers and acquisitions for strategic
3. competition
4. all of the above

Q7. Industry analysis is forecasting growth rates of ERP more than —– for at least the next five years.
1. 38%
2. 30%
3. 60%
4. 45%

Q8. ERP stands for
1. Enterprise Resource Planning
2. Energy Resource Planning
3. Enterprises Recovery Planning
4. Enterprises Resource plane

Q9. ERP system gets the right information at the right time to the right people
1. true
2. false

Q10. ERP software also provides for the analysis of an organization’s data for the purpose of
1. planning2.
2. production
3. forecasting sales, analyzing quality
4. All of the above

Q11. ERP is a collection of software programs which ties together all of an enterprise’s various functions
1. HR
2. Finance
3. Manufacturing & sales
4. All of the above

Q12. The main reason for the popularity of ERP is the efficiency that an ERP system brings into an organization in the areas of —–that can be used for long-term planning.
1. Analysis and reporting
2. Controlling
3. Mgmt.
4. Planning

Q13. An enterprise may be defined as an organization of people that uses technology and carries out predefined process to deliver
1. products
2. services
3. All of the above
4. None of the above

Q14. ERP provides support to the enterprise for achievement of it’s —– by building up an integrated system enabling planning and mgmt. of its resources.
1. business plan
2. strategies
3. All of the above
4. None of the above

Q15. ERP comprises a number of modules that permits flow of information seamlessly from one to another, avoiding redundant work and ensuring accuracy of data and instant updation to assist decision making.
1. true
2. false

Q16. ERP does not follow back-office (Internal) and front-office concepts (external means customer-orientation)
1. true
2. false

Q17. An enterprise model is build around the following 4 productive resources.
1. People & Processes
2. Technology
3. All are correct
4. Product / Services

Q18. Management information system is an open, purposive system that produces information using the —–
1. Input process
2. Output process
3. Input-process-output cycle
4. all of the above

Q19. The elements of information system consists of —–
1. people
2. procedures
3. data
4. all of the above

Q20. An information system is an organized combination of people, hardware, software, communication networks and data resources that —–In an organization
1. Disseminates
2. collects
3. collates , transforms
4. all of the above

Q21. Management Information system also called Information-reporting systems
1. true
2. false

Q22. MIS produce information products that support many of the —– decision making needs of the management.
1. day-to-day
2. strategic
3. operational
4. both 1 and 3 are correct

Q23. In ERP responses are produced by managers in the form of —–
1. Reports
2. charts
3. graphs
4. all of the above

Q24. CALS stands for
1. Computer-Aided Acquisition and Logistics support
2. Common-Aided Acquisition and Logistics support
3. Computer-Animated Acquisition and Logistics support
4. Computer-Aided Acquisition and Language support

Q25. An Enterprise is a group of people with a common goal which has certain resources at its disposal to achieve that goal.
1. true
2. false

Q26. —– is one of the first activities in any ERP project
1. Modeling
2. Business Modeling
3. Financial control
4. planning

Q27. The information system must have the characteristics —–
1. accuracy
2. relevancy
3. timeliness
4. all of the above

Q28.In business modeling, we model the business as an integrated system, taking the processes managing its facilities and —– as a resources.
1. technology
2. Materials
3. all of the above
4. none of the above

Q29. In ERP implementation, one of the most frequently asked questions is “How much is it going to cost” The answer is that
1. it depends
2. automization of work
3. different phases
4. all of the above

Q30.ERP provides decision making support system
1. timely
2. better decisions
3. all of the above
4. none of the above

Q31.ERP ensures material control and helps in avoiding —– redundancy
1. materials shortages
2. cost
3. quality
4. none of the above

Q32. ERP helps to ensure Quality, cash and fund mgmt to increase —–
1. productivity
2. reduction of cost
3. better control
4. all of the above

Q33. —– allows the latest technological developments like internet / intranet, E-commerce.
1. A & D
2. DB2
3. CAD
4. ERP

Q34. ERP systems by virtue of their integrated nature and by the use of latest technologies like EDI reduce the —– time and make it possible for the organization to have the items at the time they are needed that is just in time inventory system.
1. lag
2. lead
3. turnaround
4. current

Q35. EDI stands for —–
1. Electronic Digital interchange
2. Electronic Data interchange
3. E-mail Digital interchange
4. E-mail Data interchange

Q36. Using —– system, business can gain effective control over engineering change orders
1. ECC
2. ERP
3. ECO
4. EDI

Q37. The company can define the authorization steps for approving and implementing an Engineering change order (ECO) When these steps are completed, the —–system automatically implements the change in the production database
1. ECC
2. ERP
3. ECO
4. EDI

Q38. ERP systems are designed to help your company —– by providing link between engineering and production information.
1. trimming data transfer time
2. reduce error
3. increase design productivity
4. all of the above

Q39. The ERP systems help in automating the task and make the inventory mgmt more efficient and effective
1. true
2. false

Q40. EFT stands for —–
1. Electronic fund transmission
2. E-MAIL fund transfer
3. Electronic frequent transfer
4. Electronic funds transfer

Q41. Resources included are ___, ___&materials and all the other things that are required to run the enterprises.
1. Money, Manpower
2. Material , Manpower
3. Money , Material
4. None of the Above

Q42. Integrity, Innovation & Initiative is a part of Three T – philosophy.
1) True
2) False

Q43. A —– is a network of facilities and distribution options that transform the function of procurement of materials, transformation of these materials into intermediate and finished goods?
1. On-line analytical processing
2. On-line Transaction processing
3. Supply chain mgmt
4. none of the above

Q44. OLAP can be defined in five words —–
1. Fast analysis of shared multidimensional information
2. Frequent analysis of shared multidimensional information
3. Fast analysis of secretive multidimensional information
4. Fast analysis of shared memory information

Q45. —– is a way to —– the data & processes of an organization into one single system.
1. ERP, Integrate
2. Integrate, Planning
3. None of the above

Q46. OLAP is stands for on- line Analytical processing.
1. True
2. False

Q47. A DSS is designed to address —– & —–
1. Semi-Structured & Unstructured
2. Structured & Semi Unstructured
3. None of the above

Q48. The line dividing —– & —– is very thin.
1. DSS & EIS
2. DSS & MIS
3. EIS & MIS

Q49. —– is the process of identifying valid novel, —– useful and ultimately comprehensible information from databases that is used to make crucial business decision.
1. Data mining & potentially
2. Data volume & potentially
3. None of the above

Q50. —– technology is being used in an increasingly wide range of application —– is refined data that is accurate timely & relevant to the user.
1) OLAP & Information
2) OLAP & Multidimensional
3) None of the above

Q51. Supply chains exist in both —– & —– organizations, although the complexity of the chain may vary greatly from the industry to industry & firm to firm.
1. Service & Manufacturing
2. Manufacturing & Organization
3. None of the above

Q52. A —– defines the relationship of components to end items. An —– system requires three types of information, MPS, BOM, and IR.
3. None of the above

Q53. —– system allows you to manage your stock on a quantity & value basis, plan enter & check any goods movements & carry out —– inventory.
1. Inventory management, geographical
2. Inventory management , Physical
3. Geographical & physical

Q54. Goods movements include both —– movements & —– movements of inventory items.
1. In & Out
2. External & Internal
3. None of the above

Q55. —– products feature a sophistication & robustness unmatched by other business software solution. The —– systems help in automating this task & thus make the inventory management more efficient & effective.

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