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






2. 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






3. 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






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






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






6. The second largest ERP vendor






7. 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






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






9. 2 categories of collaboration systems: __________ - structured/process






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






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






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






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






14. Price Variance. Maximum cash discount variance.






15. The primary reason for data warehousing is to _______________






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






17. 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






18. 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.






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






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






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






22. 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






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






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






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






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






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






28. Supports team interactions






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






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






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






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






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






34. Track logistics movement of goods.






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






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






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






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






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






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






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






42. A meta-language for describing markup languages






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






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






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






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






47. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






49. Sends work assignments through an e-mail system






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