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






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






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






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






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






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






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






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






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






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






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






12. 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






13. The second largest ERP vendor






14. Participation in business processes - such as workflow






15. Supports team interactions






16. 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






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






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






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






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






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






22. Track logistics movement of goods.






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






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






25. 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






26. 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






27. 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






28. 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






29. 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.






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






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






32. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






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






36. 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






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






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






39. Price Variance. Maximum cash discount variance.






40. 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






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






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






43. Request for quotation






44. 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






45. A meta-language for describing markup languages






46. Sends work assignments through an e-mail system






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






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






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






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