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






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






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






4. 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






5. The second largest ERP vendor






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






7. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company






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






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






10. 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






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






13. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






15. 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






16. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






17. 2 categories of collaboration systems: __________ - structured/process






18. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






19. 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






20. Posting periods in FF






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






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






23. Price Variance. Maximum cash discount variance.






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






25. The primary reason for data warehousing is to _______________






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






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






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






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






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






31. 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






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






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






34. 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






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






36. Request for quotation






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






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






39. 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






40. 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






41. Track logistics movement of goods.






42. An outline agreement






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






44. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






45. 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






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






47. 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






48. Supports team interactions






49. Participation in business processes - such as workflow






50. Sends work assignments through an e-mail system