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






2. 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






3. Supports team interactions






4. 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.






5. 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






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






7. An outline agreement






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






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






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






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






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






13. 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






14. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






15. 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






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






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






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






19. 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






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






21. 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






22. 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






23. The types of contracts: Quantity Contract - ___________






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






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






26. 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






27. Supports the work of teams by facilitating the sharing and flow of information






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






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






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






31. The primary reason for data warehousing is to _______________






32. Participation in business processes - such as workflow






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






34. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






35. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






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






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






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






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






42. Price Variance. Maximum cash discount variance.






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






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






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






46. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving






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






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






49. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






50. 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.