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. Document exchange - shared whiteboards - discussion forums - email






2. A meta-language for describing markup languages






3. To share _________: One person creates the G/L Account. - Everyone then creates it with the same number - while adding their company code data to it.






4. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving






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






6. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention






7. Price Variance. Maximum cash discount variance.






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






9. 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






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






11. The primary reason for data warehousing is to _______________






12. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.






13. An organization's key strength - the business function that it does better than any of its competitors






14. The Advantages of XBRL: 1) business offers expanded financial info to all interest parties ___________ 2) companies using XBRP database technology can further speed the process of reports and 3) Consumers import XBRL documents into internal databases






15. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






16. he financial periods that are posted for reporting purposes - internal and external.






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






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






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






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






21. 2 categories of collaboration systems: __________ - structured/process






22. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data






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






24. The second largest ERP vendor






25. Participation in business processes - such as workflow






26. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment






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






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






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






30. Facilitates the automation and management of business processes and controls the movement of work through the business process






31. The key _______ issued: 1) difficulty of migration from legacy systems to ERP database - 2) lack of interoperability among different vendors - 3)and continual maintenance requirements






32. Tells whether a transaction is a debit or credit and what G/L account is associated.






33. Sends work assignments through an e-mail system






34. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)






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






36. For what reasons might a company refuse payment of an invoice from a vendor: It might be refused because the _____________ - the quantity of the shipment is too high or too low - could be a damaged good - a wrong good - or may have arrived before or






37. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)






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






39. 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.






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






41. Manages the transportation and storage of goods






42. 1) Single point of failure since all data processing is within one application 2) Complexity makes it difficult to understand 3) User acceptance influences likelihood of success 4) extensive training for many users 5) Inexperience with implementation






43. Posting periods in FF






44. 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






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






46. Includes what management systems: document MS - digital asset MS - web content MS






47. The global leader with 30 to 60% of the ERP market






48. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________






49. Purchased by Oracle - Strength in HR management - Widely used in the federal government






50. Anything that can be documented - archived - and codified - often with the help of IT