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






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






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






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






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






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






7. 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.






8. 2 categories of collaboration systems: __________ - structured/process






9. Request for quotation






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






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






12. 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






13. 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






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






15. 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.






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






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






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






19. Supports team interactions






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






21. 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






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






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






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






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






26. 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






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






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






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






30. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






32. The second largest ERP vendor






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






34. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






35. 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






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






37. Track logistics movement of goods.






38. 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






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






40. 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






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






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






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






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






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






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






47. Enterprise resource planning tool used to supply management with real time information. it also permits timely decisions that are needed to improve performance and achieve a competitive advantage






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






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






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







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