Test your basic knowledge |

ERP: Enterprise Resource Planning

Subject : it-skills
Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________






2. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web






3. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.






4. Attempt by organizations to switch operations from their old legacy systems to a new system in a single event that implements the ERP across the entire company; more ambitious and risk than phased-in method






5. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions






6. The primary reason for data warehousing is to _______________






7. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method






8. All the steps or business rules - from beginning to end - required for a business process






9. 2 categories of collaboration systems: __________ - structured/process






10. Supports the work of teams by facilitating the sharing and flow of information






11. Account and finance - production and materials management - human resource






12. Supports team interactions






13. A _____ is needed to monitor the quality - objectives - and timelines






14. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.






15. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)






16. You have created a material master. This material be shared at _________






17. usiness intelligence - CRM - SCM - e-business






18. Decision support tool for management critical tasks through analytical investigation of complex data associations - supplies management with real-time info - takes information and converts it to data to make useful






19. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






20. Some of the major implications for Internal Control and Auditing when dealing with ERP systems: 1) Transaction authorization - 2) _____________ 3) supervision 4) accounting records 5)independent verification 6) access controls 7) traditional access c






21. The purpose of __________: Audit Trail. Determines the type of document it is.






22. Price Variance. Maximum cash discount variance.






23. Manages the transportation and storage of goods






24. Track logistics movement of goods.






25. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.






26. Participation in business processes - such as workflow






27. An outline agreement






28. Includes support for multicountry - multicurrency environments and wide scalability






29. Benefits of ERP: 1) ERPs employ proven best practices - 2) Enable _____________ 3) Improve information management including eliminating duplicative systems - providing on-line and real-time info - and facilitating intra- and inter-organizational comm






30. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables






31. If a shared material is purchased by one "company" in dozens and purchased by another "company" in cases (equal to 10 dozen) - the ______ base unit of measure would be used on the Purchasing tab






32. Enterprise resource planning tool used to supply management with real time information. it also permits timely decisions that are needed to improve performance and achieve a competitive advantage






33. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class






34. The types of contracts: Quantity Contract - ___________






35. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together






36. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use






37. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information






38. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.






39. Applications that operationally support the day-to-day activities of the business - support mission-critical tasks through simple queries of operational databases. Include sales and distribution - business planning - production planning - shop floor






40. Request for quotation






41. The significance of each of each number: EX: 2/18 net 45 2% cash discount if paid within 18 days - and full payment due within 45 days.






42. The steps to completing the ___________ process: Agreement - invoice - payment.






43. Validation of ________ - ensure that appropriate taxonomy and tags have been applied






44. Tell us who is responsible for the document and when it was created.






45. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.






46. A meta-language for describing markup languages






47. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.






48. A process of mapping a group's contacts to identify who knows whom and who works with whom






49. Amount for item with or without order reference - Form small differences automatically - Percentage Over/Under - Quantity Variance - Exceed amount: quantity variance - Blanket purchase order - value and time limit Price variance






50. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans