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Multiple Choice Quiz

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ERP Stands for:

A) Engaged Research and Planning
B) Enterprise Reasoned Plan
C) Enterprise Resource Planning
D) Effective Resource Planning
E) Electronic Research Plan

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

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

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

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

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

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

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

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

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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