LSUS MBA 703 FINAL EXAM CORE COST
ANALYSIS AND FINANCIAL DECISION-MAKING
REVIEW 2026
◉ Enterprise software.
Answer: Applications that address the needs of multiple,
simultaneous users in an organization or work group. Most
companies run various forms of enterprise software programs to
keep track of their inventory, record sales, manage payments to
suppliers, cut employee paychecks, and handle other functions.
◉ An ERP system with multiple modules installed can touch which
functions of a business?.
Answer: Sales, Inventory, Manufacturing, Human Resources,
Purchasing, Order Tracking, Decision Support
◉ Supply chain management (SCM) systems.
Answer: Help a firm manage aspects of its value chain, from the flow
of raw materials into the firm through delivery of finished products
and services at the point-of-consumption
◉ Business intelligence (BI) systems.
, Answer: Use data created by other systems to provide reporting and
analysis for organizational decision making
◉ Database management system (DBMS).
Answer: Stores and retrieves the data that an application creates
and uses.
◉ Popular categories of enterprise software.
Answer: ERP (enterprise resource planning), SCM (supply chain
management), CRM (customer relationship management), and BI
(business intelligence) software, among many others.
◉ Pro's and Con's of an ERP System.
Answer: ERP and other packaged enterprise systems can be
challenging and costly to implement, but can help firms create a
standard set of procedures and data that can ultimately lower costs
and streamline operations.
◉ Distributed Computing.
Answer: When computers in different locations can communicate
with one another.
◉ Benefits of Distributed Computing.
ANALYSIS AND FINANCIAL DECISION-MAKING
REVIEW 2026
◉ Enterprise software.
Answer: Applications that address the needs of multiple,
simultaneous users in an organization or work group. Most
companies run various forms of enterprise software programs to
keep track of their inventory, record sales, manage payments to
suppliers, cut employee paychecks, and handle other functions.
◉ An ERP system with multiple modules installed can touch which
functions of a business?.
Answer: Sales, Inventory, Manufacturing, Human Resources,
Purchasing, Order Tracking, Decision Support
◉ Supply chain management (SCM) systems.
Answer: Help a firm manage aspects of its value chain, from the flow
of raw materials into the firm through delivery of finished products
and services at the point-of-consumption
◉ Business intelligence (BI) systems.
, Answer: Use data created by other systems to provide reporting and
analysis for organizational decision making
◉ Database management system (DBMS).
Answer: Stores and retrieves the data that an application creates
and uses.
◉ Popular categories of enterprise software.
Answer: ERP (enterprise resource planning), SCM (supply chain
management), CRM (customer relationship management), and BI
(business intelligence) software, among many others.
◉ Pro's and Con's of an ERP System.
Answer: ERP and other packaged enterprise systems can be
challenging and costly to implement, but can help firms create a
standard set of procedures and data that can ultimately lower costs
and streamline operations.
◉ Distributed Computing.
Answer: When computers in different locations can communicate
with one another.
◉ Benefits of Distributed Computing.
