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 second largest ERP vendor






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






3. Manages the transportation and storage of goods






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






5. Participation in business processes - such as workflow






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






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






8. 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






9. Sends work assignments through an e-mail system






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






11. A meta-language for describing markup languages






12. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






14. 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






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






16. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






17. Request for quotation






18. 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






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






20. Price Variance. Maximum cash discount variance.






21. 2 categories of collaboration systems: __________ - structured/process






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






23. 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






24. 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






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






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






27. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






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






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






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






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






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






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






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






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






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






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






40. 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






41. 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.






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






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






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






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






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






47. The types of contracts: Quantity Contract - ___________






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






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






50. 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