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






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






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






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






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






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






7. Sends work assignments through an e-mail system






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






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






10. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






11. 2 categories of collaboration systems: __________ - structured/process






12. 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.






13. 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






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






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






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






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






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






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






20. 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






21. 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






22. The types of contracts: Quantity Contract - ___________






23. 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






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






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






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






27. 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






28. 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






29. Price Variance. Maximum cash discount variance.






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






31. Manages the transportation and storage of goods






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






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






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






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






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






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






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






39. You have created a vendor master. This vendor be shared at ________






40. A meta-language for describing markup languages






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






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






43. Participation in business processes - such as workflow






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






45. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






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