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. 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






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






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






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






5. 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






6. Sends work assignments through an e-mail system






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






8. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






9. 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






10. 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






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






12. 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






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






14. 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






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






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






17. Participation in business processes - such as workflow






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






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






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






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






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






23. The second largest ERP vendor






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






25. 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






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






27. 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






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






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






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






31. 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.






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






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






34. Price Variance. Maximum cash discount variance.






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






36. 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






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






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






39. The primary reason for data warehousing is to _______________






40. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






41. The types of contracts: Quantity Contract - ___________






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






43. 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






44. An outline agreement






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






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






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






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






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






50. 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