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






2. Tell us who is responsible for the document and when it was created.






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






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






5. Price Variance. Maximum cash discount variance.






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






7. An outline agreement






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






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






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






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






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






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






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






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






16. The types of contracts: Quantity Contract - ___________






17. 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






18. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






19. 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






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






21. Attempt by organizations to switch operations from their old legacy systems to a new system in a single event that implements the ERP across the entire company; more ambitious and risk than phased-in method






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






23. 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






24. Track logistics movement of goods.






25. Request for quotation






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






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






28. 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






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






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






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






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






33. 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






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






35. Supports team interactions






36. 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






37. Posting periods in FF






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






39. 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.






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






41. The second largest ERP vendor






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






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






44. A meta-language for describing markup languages






45. Participation in business processes - such as workflow






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






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






48. 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






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






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