Quiz #5: Business Management Systems

Select three popular inventory management systems from the choices below.

1. QuickBooks Enterprise 2. Oracle NetSuite 3. SAP Material Management (SAP MM)

Which of the following is a project with a specific beginning and end date and also a list of deliverables?

1. constructing an office building 2. building a website 3. writing test bank questions

Which stage of the project management process involves documenting the lessons learned during the project's execution?

Closure Stage

Human resource management is the strategic allocation of an organization's resources to the employees who operate most efficiently and can use the resources to the best advantage.

False

In the second step in business process management, analysts use flowcharts and other tools to depict the workflow, the sequence of operations, and the decision points. This is called the process monitoring step.

False

Major corporations often manage their employee compensation plans through web-based services.

False

Normally in a company's overall compensation strategy, employee salary is more important than employee benefits.

False

Rapid improvements in computer capability (and the corresponding software) are partly due to the tripling of the number of transistors on computer chips that occurs roughly every 18 months.

False

What occurs during the process optimization step of business process management?

Managers adapt (modify) the process to enhance process performance.

A software as a service (SaaS) system is designed to meet most organizations' needs for a business management system, with minimal startup costs.

True

In the fifth and final step in business process management, managers adapt the process to enhance process performance. This is called the process optimization step.

True

Recruiting and hiring management software is designed to help human resources managers accurately estimate an organization's recruiting, hiring, and training requirements.

True

The stage of the project management (PM) process where the manager constantly monitors the progress of the project and the project's resources is called the execution phase.

True

Today's inventory management systems assign confidence levels to possible inventory decisions based on the firm's own past experiences.

True

Which component of a business management system can help a manager check and report on the company's current inventory?

a database management system (DBMS)

Many managers, particularly in smaller firms, use companies such as Zenefits and BenefitFocus to manage their employees

benefits systems

Payscale.com, Payfactors.com, and Salary.com are sites that offer

employee compensation management solutions.

Because some tasks can be done concurrently while other tasks are dependent upon the completion of preceding tasks, Gantt charts are constructed using a

horizontal bar chart.

The stage of the project management (PM) process in which project objectives are identified and feasibility studies are conducted is the

initiation phase.

Calculating reordering points and order quantity levels are key advantages of modern

inventory management systems.