Practice MCQs - Set 5
CA Exam
- Chartered Accountant Study - CA Inter
– Practice Questions – Enterprise Information System (EIS) - Multiple Choice
Questions - MCQs
Practice MCQs
- Set 5
(1) Which of the following is not true with
respect to master data?
(A)Relatively
permanent data not expected to change frequently.
(B)Non-permanent data and expected
to change frequently.
(C)They are generally
non-transaction related data.
(D)Master data entry is
usually done less frequently say once in a year or when there is a need to
update.
Answer: (B)Non-permanent data and expected to change frequently.
(2) Which of the following is not true with
respect to non - master data?
(A)Relatively
permanent data not expected to change frequently.
(B)Non-permanent data and expected
to change frequently.
(C)They are generally
transaction related data.
(D)Data entry is usually
done more frequently.
Answer: (A)Relatively permanent data not expected to change frequently.
(3) Which of the following is not an advantage
of ERP systems?
(A)Today’s ERP systems can cover a wide range
of functions and integrate them into one unified database.
(B)Ability to customize an organization’s
requirements.
(C)Ability to integrate business operations
with accounting and financial modules.
(D)Ability
to generate more sales.
Answer: (D)Ability to generate more sales.
(4) Which
of the following is not a feature of ERP system?
(A)An Ideal ERP System satisfies all types of
needs of an organization.
(B)An ideal ERP does not integrate business
operations with accounting and financial modules.
(C)An ideal ERP provides right data at right
point of time to right users for their purpose.
(B) An ideal ERP system is that system where a
single database is used and stores all data for various modules.
Answer: (B)An ideal ERP does not integrate business operations with accounting and financial modules.
(5) Which of the following is not a feature of
controlling module?
(A)This module helps in analysing the actual
figures with the planned data and in planning business strategies.
(B)Controlling module replaces internal audit
functions.
(C)Cost elements and revenue elements are
managed in Controlling.
(D)Controlling module monitors profitability.
Answer: (B)Controlling module replaces internal audit functions.
(6) Which
of the following is not a feature of sales and distribution module?
(A)Following are some of the Key features of
Sales and Distribution Module: Updating Organization Structure (creation of new
company and other sales & distribution related components)
(B)Assigning Organizational Units (Assignment
of individual components like company code to company, sales organization to
company code, distribution channel to sales organization, etc.)
(C)Updating payroll details.
(D)Setting up sales document types, billing
types, and tax-related components.
Answer: (C)Updating payroll details.
(7) Which of the following is not true with
respect to ‘CRM module’?
(A)Implementing a CRM strategy is advantageous
to both small-scale and large-scale business ventures.
(B)CRM exchange transactions with other
modules.
(C)CRM stores information about customers
which includes determining the requirements of high-value customers.
(D)CRM stores information about customers
which includes determining the requirements of high-value customers.
Answer: (B)CRM exchange transactions with other modules.
(8) Which of the following is not a benefit of
CRM module?
(A)By using CRM, all dealings with customer
for servicing, marketing, and selling can be carried out in an organized and
systematic way. This in turn helps in increasing customer loyalty and
decreasing customer agitation.
(B)By using a CRM strategy for any business,
the revenue of the company can be increased.
(C) By
using a CRM strategy for any business, payroll expense can be reduced.
(D)Up-selling
and cross-selling can be improved by interacting with the customers and getting
an idea about their wants, needs, and patterns of purchase.
Answer: (C) By using a CRM strategy for any business, payroll expense can be reduced.
(9)
Which of the following is not a criterion for making information useful?
(A)relevant
(B)costly
(C)timely
(D)structured
Answer: (B)costly
(10) Which
of the following is not a benefit of business intelligence?
(A)replacing
managerial staff
(B)improved
decision making
(C)improved
business processes
(D)improved
operational efficiency
Answer: (A)replacing managerial staff
(11) Which of the following is the first step
of accounting flow process ?
(a)posting
(b)trial balance
(c)transactions
(d)voucher entry
Answer: (c)transactions
(12) Which of the following is not the voucher
type of payroll module?
(a)attendance
(b)payroll
(c)purchase
(d)none of the above
Answer: (c)purchase
(13) What is the full form of ERP?
(a)Employee Resource Policy
(b)Enterprise Resource Points
(c)Enterprise Resource Policy
(d)Enterprise Resource Planning
Answer: (d)Enterprise Resource Planning
(14) Software application is installed in:
(a)hard disk of the computer
(b)Web server
(c)cloud
(d)Website
Answer: (a)hard disk of the computer
(15) Which of the following is not the sales
& distribution process?
(a)Sales order
(b)Material delivery
(c)Purchase requisition from production
department
(d)Billing
Answer: (c)Purchase requisition from production department
(16)
What is not a part of Inventory Master Data?
(a)Stock Item
(b)Stock Group
(c)Salary Structure
(d)Godowns
Answer: (c)Salary Structure
(17)
Which of the following is a main characteristic of Integrated ERP System?
(a)Separate data maintenance by each department
(b)Centralised Database
(c)No direct inter department communication
(d)None of the above
Answer: (b)Centralised Database
(18)
Which of the following about Back End
is false?
(a)communicates with user directly
(b)Processes
the data
(c)Communicates with front end directly
(d)Generates the report
Answer: (a)communicates with user directly
(19)
XBRL is used by .
(a)Government only
(b)Accountants only
(c)Investors only
(d)All of above
Answer: (d)All of above
(20)
If Cash ledger is grouped under Indirect income, .
(a)It
shall be displayed in profit and loss account
(b)It shall still be considered in balance sheet as it is a cash ledger
(c)Software shall show error message
(d)None of above
Answer: (a)It shall be displayed in profit and loss account