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






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






3. The second largest ERP vendor






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






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






6. 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






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






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






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






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






11. 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






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






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






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






15. Sends work assignments through an e-mail system






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






17. The primary reason for data warehousing is to _______________






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. Participation in business processes - such as workflow






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






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






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






23. 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.






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






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






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






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






28. 2 categories of collaboration systems: __________ - structured/process






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






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






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






32. 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.






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






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






35. 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






36. The types of contracts: Quantity Contract - ___________






37. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






40. ERP is different: 1)The system usually resides on multiple computers - 2) the system allows ______________ - customization - and maintenance 3) On-line and real-time processing (all databases are updated simultaneously and all stored together) 4) Dat






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






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






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






44. A meta-language for describing markup languages






45. 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






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






47. Posting periods in FF






48. 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






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






50. Request for quotation