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. The primary reason for data warehousing is to _______________






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






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






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






5. 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






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






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






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






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






10. 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.






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






12. An outline agreement






13. The second largest ERP vendor






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






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






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






17. 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






18. 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






19. Posting periods in FF






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






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






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






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






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






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






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






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






28. 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






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






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






31. Price Variance. Maximum cash discount variance.






32. Supports team interactions






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






34. Track logistics movement of goods.






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






36. 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






37. 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






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






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






40. 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






41. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






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






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






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






47. Request for quotation






48. Manages the transportation and storage of goods






49. 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






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