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






2. Price Variance. Maximum cash discount variance.






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






4. 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.






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






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






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






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






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






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






11. The key concerns when dealing with ___________________ related to ERP roles: 1) the creation of unnecessary roles 2) the rule of least access should apply to permission assignments and 3) monitor role creation and permission-granting activities






12. Enables organizations to clarify their vision and strategy and translate them into action






13. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






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






17. 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






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






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






20. The primary reason for data warehousing is to _______________






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






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






23. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






24. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments






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






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






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






28. Supports team interactions






29. 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






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






31. 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






32. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






35. 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






36. 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






37. Manages the transportation and storage of goods






38. The second largest ERP vendor






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






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






42. Participation in business processes - such as workflow






43. Posting periods in FF






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






45. Impact on auditor responsibility as a consequence of real-time distribution of financial statements






46. 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






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






48. The types of contracts: Quantity Contract - ___________






49. 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






50. Request for quotation







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Can you answer 50 questions in 15 minutes?


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