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. Request for quotation






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






3. The second largest ERP vendor






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






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






6. 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






7. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method






8. 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






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






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






11. 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






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






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






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






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






16. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






17. 2 categories of collaboration systems: __________ - structured/process






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






19. 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






20. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






21. 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






22. 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






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






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






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






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






27. Manages the transportation and storage of goods






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






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






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






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






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






33. 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






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






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






36. A meta-language for describing markup languages






37. Posting periods in FF






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






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






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






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






42. Sends work assignments through an e-mail system






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






44. Track logistics movement of goods.






45. 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






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






47. 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






48. 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






49. 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






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