1. Which of the following is a primary function of a database management system?
a. Report customization
b. Capability to create and modify the database
c. Financial transactions input
d. Database access authorizations
2. Which of the following terms best describes a payroll system?
a. Database management (DBMS)
b. Transaction processing system (TPS)
c. Decision support system (DSS)
d. Enterprise resource planning (ERP) system
3. Which of the following ratios would be used to evaluate a company's profitability?
a. Current ratio
b. Inventory turnover ratio
c. Debt to total assets ratio
d. Gross margin ratio
4. An enterprise resource planning (ERP) system has which of the following advantages over multiple independent functional systems?
a. Modifications can be made to each module without affecting other modules.
b. Increased responsiveness and flexibility while aiding in the decision-making process.
c. Increased amount of data redundancy since more than one module contains the same information.
d. Reduction in costs for implementation and training.