Chapter 1: Smartbooks on a Cloud Platform

Question 1

stands for Enterprise Resource Planning

Answer 1

ERP

Question 2

is a type of software that integrates a variety of
business processes and functions into a single system

Answer 2

ERP System

Question 3

typically includes modules for areas such
as accounting, human resources, customer relationship management, supply chain management, inventory management, and production planning

Answer 3

ERP System

Question 4

primary objective of an ERP system

Answer 4

to provide a single source of truth for all business data

Question 5

can eliminate the need for multiple, disconnected software applications, and help to streamline business processes, improve collaboration between departments, and increase data accuracy and consistency

Answer 5

ERP System

Question 6

represents a new way to deploy computing technology to give users the ability to access, work on, share, and store information using the internet

Answer 6

Cloud computing

Question 7

term it as ‘Everything as a Service’ (abbreviated as XaaS)

Answer 7

cloud computing

Question 8

is a complex network of data centers, each composed of thousands of computers working together that can perform and achieve the functions of a software on a personal or business computer units by providing users access to a vast number of applications, platforms and services delivered over the Internet

Answer 8

cloud

Question 9

types of cloud deployment

Answer 9

-private cloud
-public cloud
-hybrid cloud

Question 10

also known as Internal Cloud

Answer 10

private cloud

Question 11

is a cloud-based infrastructure operated exclusively for a single organization with all data protected behind an internal firewall

Answer 11

private cloud

Question 12

is usually physically located at the company’s on-site data center or can also be managed and hosted by a third-party provider

Answer 12

private cloud

Question 13

also known as External Cloud

Answer 13

public cloud

Question 14

is available to the public where data are created and stored on third party
servers

Answer 14

public cloud

Question 15

Service infrastructure belongs to service providers that manage them and administer pool resources

Answer 15

public cloud

Question 16

The need for user companies to buy and maintain their own hardware is eliminated. It is based on a shared cost model for all the users or in the form of a licensing policy such as pay per use.

Answer 16

public cloud

Question 17

encompasses the best features of the above-mentioned cloud computing deployment models

Answer 17

hybrid cloud

Question 18

It allows companies to mix and match the facets of public and private cloud that best suit their requirements

Answer 18

hybrid cloud

Question 19

key features of cloud computing

Answer 19

-agility
-location independence
-multi-tenacity
-reliability
-scalability
-ease of maintenance

Question 20

express its significance in the current business market

Answer 20

characteristics of Cloud Computing

Question 21

is a model for enabling universal, convenient, and on-demand network access

Answer 21

cloud computing

Question 22

helps in rapid and inexpensive re-provisioning of resources

Answer 22

agility

Question 23

resources can be accessed anywhere (except on limitations set by company’s
internal control)

Answer 23

Location Independence

Question 24

resources are shared amongst a large pool of users

Answer 24

Multi-Tenacity

Question 25

dependable accessibility of resources and computation

Answer 25

reliability

Question 26

dynamic provisioning of data helps in avoiding various bottleneck scenarios

Answer 26

scalability

Question 27

users (companies/organizations) have less work in terms of resource upgrades and management, handled by service providers of cloud computing

Answer 27

ease of maintenance

Question 28

is a purely web-based ERP system for small and medium sized enterprises

Answer 28

Smartbooks

Question 29

is a software easy to use, has deep functionality, is accessible, and is compliant with BIR reporting requirements

Answer 29

smartbooks

Question 30

It is best for small- and medium-sized companies with their unique qualities and special needs

Answer 30

Smartbooks

Question 31

is based in the cloud, other IT costs are eliminated, such as the cost of putting up and maintaining servers, hiring and maintaining an IT team, and upgrading the software and spending for other support expenses

Answer 31

Smartbooks

Question 32

has minimal requirements when it comes to technical specifications so it can offer a simpler, more cost-effective, and more reliable solution for businesses

Answer 32

Smartbooks