MIS 304 EXAM 3 TEST PAPER 2026 FULL
SOLUTION VERIFIED
◉ Siloed System. Answer: Stand-alone departmental system that
doesn't share data.
◉ ERP. Answer: System integrating core business processes using a
common database.
◉ ERP Core Components. Answer: Financial mgmt, Operations
mgmt, HR mgmt.
◉ Extended ERP Components. Answer: Industry-specific modules
beyond core processes.
◉ Order-to-Cash. Answer: Process of selling products and collecting
payment.
◉ Procure-to-Pay. Answer: Process of acquiring goods/services and
paying vendors.
◉ Make-to-Stock. Answer: Producing goods based on forecasts.
,◉ Make-to-Order. Answer: Producing goods after orders are
received.
◉ Value Chain. Answer: Activities adding value from supplier to
customer.
◉ Primary Activities. Answer: Activities directly creating customer
value.
◉ Support Activities. Answer: Activities enabling primary activities.
◉ Legacy System. Answer: Old stand-alone system used by one
department.
◉ Integration. Answer: Sharing consistent data across the
organization.
◉ ERP Advantages. Answer: Integration, efficiency, visibility,
standardization.
◉ ERP Limitations. Answer: Costly, complex, may force process
changes.
, ◉ ERP Configuration. Answer: Setting up databases, processes, and
rules.
◉ ERP Customization. Answer: Modifying system beyond standard
features.
◉ Automation. Answer: Using tech to reduce human labor.
◉ AI Labor Impact. Answer: Automation shifting job roles and skill
demand.
◉ IS Acquisition. Answer: Obtaining or developing new systems.
◉ Business Case. Answer: Justification for an IS investment.
◉ Faith Argument. Answer: Belief that a system will help the
organization.
◉ Fear Argument. Answer: Avoiding loss or risk by investing in IS.
◉ Facts Argument. Answer: Evidence-based justification.
SOLUTION VERIFIED
◉ Siloed System. Answer: Stand-alone departmental system that
doesn't share data.
◉ ERP. Answer: System integrating core business processes using a
common database.
◉ ERP Core Components. Answer: Financial mgmt, Operations
mgmt, HR mgmt.
◉ Extended ERP Components. Answer: Industry-specific modules
beyond core processes.
◉ Order-to-Cash. Answer: Process of selling products and collecting
payment.
◉ Procure-to-Pay. Answer: Process of acquiring goods/services and
paying vendors.
◉ Make-to-Stock. Answer: Producing goods based on forecasts.
,◉ Make-to-Order. Answer: Producing goods after orders are
received.
◉ Value Chain. Answer: Activities adding value from supplier to
customer.
◉ Primary Activities. Answer: Activities directly creating customer
value.
◉ Support Activities. Answer: Activities enabling primary activities.
◉ Legacy System. Answer: Old stand-alone system used by one
department.
◉ Integration. Answer: Sharing consistent data across the
organization.
◉ ERP Advantages. Answer: Integration, efficiency, visibility,
standardization.
◉ ERP Limitations. Answer: Costly, complex, may force process
changes.
, ◉ ERP Configuration. Answer: Setting up databases, processes, and
rules.
◉ ERP Customization. Answer: Modifying system beyond standard
features.
◉ Automation. Answer: Using tech to reduce human labor.
◉ AI Labor Impact. Answer: Automation shifting job roles and skill
demand.
◉ IS Acquisition. Answer: Obtaining or developing new systems.
◉ Business Case. Answer: Justification for an IS investment.
◉ Faith Argument. Answer: Belief that a system will help the
organization.
◉ Fear Argument. Answer: Avoiding loss or risk by investing in IS.
◉ Facts Argument. Answer: Evidence-based justification.
