1. Right Answer: A
Explanation: An ERP integrates current data from across an organization's functional areas, while a stand-alone system would require a customized bridge to access the ERP database. Integrated data enables more thorough analysis. Stand-alone systems can provide significant analytical power. Customization and forecasting can be performed in integrated and stand-alone systems.
2. Right Answer: A
Explanation: An ERP integrates current data from across an organization's functional areas, while a stand-alone system would require a customized bridge to access the ERP database. Integrated data enables more thorough analysis. Stand-alone systems can provide significant analytical power. Customization and forecasting can be performed in integrated and stand-alone systems.
3. Right Answer: D
Explanation: Business intelligence allows analysts to retrieve timely, accurate, and complete data and transform that into accurate, actionable information to support decision making.
4. Right Answer: B
Explanation: Porter's 'Five Forces' framework helps strategists understand the competitive forces at work in their industries so that they can assess the strengths and weaknesses of their own competitive position.
5. Right Answer: C
Explanation: The growth phase is characterized by change and expansion in terms of facilities, marketing, and people. These resources are needed to keep up with the demand for products or services. This phase is often accompanied by backlogs and scheduling problems while the organization adjusts to increased demands.
6. Right Answer: C
Explanation: The growth phase is characterized by change and expansion in terms of facilities, marketing, and people. These resources are needed to keep up with the demand for products or services. This phase is often accompanied by backlogs and scheduling problems while the organization adjusts to increased demands.
7. Right Answer: C
Explanation: OLAP allows the analyst to sort data quickly in different ways, according to different and multiple variables. A conventional relational database would be sufficient to identify a trend in one factor or numbers in different departments. A cost-effectiveness analysis could be done on a spreadsheet.
8. Right Answer: D
Explanation: Business intelligence allows analysts to retrieve timely, accurate, and complete data and transform that into accurate, actionable information to support decision making.
9. Right Answer: D
Explanation: Business intelligence allows analysts to retrieve timely, accurate, and complete data and transform that into accurate, actionable information to support decision making.
10. Right Answer: A
Explanation: A is correct. A is the best answer because the efficient use of resources in this situation is important along with successful results. B, C, and D are incorrect. B identifies the need to correct the problem of sections operating in silos. C and D are important but not the critical concern beyond successful results.
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