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






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






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






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






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






7. Sends work assignments through an e-mail system






8. Price Variance. Maximum cash discount variance.






9. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






10. 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






11. 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.






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






13. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






14. 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






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






16. 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






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






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






19. The types of contracts: Quantity Contract - ___________






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






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






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






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






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






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






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






27. 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






28. An outline agreement






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






30. 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






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






32. 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






33. Some of the major implications for Internal Control and Auditing when dealing with ERP systems: 1) Transaction authorization - 2) _____________ 3) supervision 4) accounting records 5)independent verification 6) access controls 7) traditional access c






34. A meta-language for describing markup languages






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






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






37. Posting periods in FF






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






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






40. 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






41. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






44. 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






45. Supports team interactions






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






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






48. Anything that can be documented - archived - and codified - often with the help of IT






49. The primary reason for data warehousing is to _______________






50. Request for quotation