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






2. 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






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






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






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






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






7. Request for quotation






8. 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






9. 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.






10. 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.






11. Track logistics movement of goods.






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






13. The types of contracts: Quantity Contract - ___________






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






15. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






16. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






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






20. 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






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






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






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






24. 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






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






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






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






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






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






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






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






32. 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






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






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






35. 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






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






37. 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






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






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






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






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






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






43. 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






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






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






46. 2 categories of collaboration systems: __________ - structured/process






47. Supports team interactions






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






49. Participation in business processes - such as workflow






50. The primary reason for data warehousing is to _______________