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






2. Supports team interactions






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






4. Impact on auditor responsibility as a consequence of real-time distribution of financial statements






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






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






7. 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






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






9. Track logistics movement of goods.






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






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






12. Request for quotation






13. 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






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






15. 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






16. 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






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






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






19. 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






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






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






22. 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.






23. Participation in business processes - such as workflow






24. An outline agreement






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






26. 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






27. 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






28. Price Variance. Maximum cash discount variance.






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






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






31. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






32. Posting periods in FF






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






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






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






36. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






40. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






41. The second largest ERP vendor






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






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






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






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






46. 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






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






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






49. 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






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







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