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






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






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






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






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






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






7. 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






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






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






10. Track logistics movement of goods.






11. 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






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






13. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






14. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






15. 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






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






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






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






19. 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






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






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






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






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






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






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






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






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






28. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






30. 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.






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






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






33. Manages the transportation and storage of goods






34. The primary reason for data warehousing is to _______________






35. A meta-language for describing markup languages






36. 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






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






38. 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






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






40. 2 categories of collaboration systems: __________ - structured/process






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






42. 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






43. 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






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






45. Price Variance. Maximum cash discount variance.






46. 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






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






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






49. An outline agreement






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