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. Participation in business processes - such as workflow






2. 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.






3. Track logistics movement of goods.






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






5. 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






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






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






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






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






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






11. Manages the transportation and storage of goods






12. The second largest ERP vendor






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






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






15. 2 categories of collaboration systems: __________ - structured/process






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






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






18. 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.






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






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






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






22. 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






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






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






25. Supports team interactions






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






27. Request for quotation






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






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






30. 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






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






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






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






34. An outline agreement






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






36. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






37. 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






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






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






40. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






41. Sends work assignments through an e-mail system






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






43. Applications that operationally support the day-to-day activities of the business - support mission-critical tasks through simple queries of operational databases. Include sales and distribution - business planning - production planning - shop floor






44. Price Variance. Maximum cash discount variance.






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






46. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class






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






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






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






50. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______