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. The second largest ERP vendor






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






3. Sends work assignments through an e-mail system






4. 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






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






6. The two main ERP applications: Core Applications and ___________






7. Document exchange - shared whiteboards - discussion forums - email






8. 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






9. 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.






10. Three things make a _________: Document number. Fiscal Year. Company Code.






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






12. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






14. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






15. An outline agreement






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






17. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment






18. 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.






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






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






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






22. Stores documents in a central location and automatically asks the team members to access the document when it is their turn to edit the document






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






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






25. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






26. 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






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






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






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






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






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. 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






33. Participation in business processes - such as workflow






34. Manages the transportation and storage of goods






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






36. Track logistics movement of goods.






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






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






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






40. 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






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






42. 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






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






44. Posting periods in FF






45. 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






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






47. 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






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






49. Request for quotation






50. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools