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






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






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






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






5. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






6. 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






7. A meta-language for describing markup languages






8. 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






9. Track logistics movement of goods.






10. 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






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






12. 2 categories of collaboration systems: __________ - structured/process






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






14. Posting periods in FF






15. Manages the transportation and storage of goods






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






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






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






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






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






21. Participation in business processes - such as workflow






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






23. The primary reason for data warehousing is to _______________






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






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






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






27. The second largest ERP vendor






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






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






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






31. 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






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






33. 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






34. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






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






38. An outline agreement






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






40. 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






41. 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






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






43. 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






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






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






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






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






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






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






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







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