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






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






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






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






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






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






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






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






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






10. Track logistics movement of goods.






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






12. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






13. An outline agreement






14. 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






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






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






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






18. Price Variance. Maximum cash discount variance.






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






20. Supports team interactions






21. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)






22. 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






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






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






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






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






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






28. Some of the major implications for Internal Control and Auditing when dealing with ERP systems: 1) Transaction authorization - 2) _____________ 3) supervision 4) accounting records 5)independent verification 6) access controls 7) traditional access c






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






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






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






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






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






34. The primary reason for data warehousing is to _______________






35. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.






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






37. Participation in business processes - such as workflow






38. 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






39. 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






40. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.






41. 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.






42. Sends work assignments through an e-mail system






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






44. Manages the transportation and storage of goods






45. 2 categories of collaboration systems: __________ - structured/process






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






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






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






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






50. 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







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Can you answer 50 questions in 15 minutes?


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