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






2. Track logistics movement of goods.






3. An outline agreement






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






5. 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






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






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






8. 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






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






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






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






12. 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






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






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






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






16. Sends work assignments through an e-mail system






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






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






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






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






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






22. 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.






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






24. Manages the transportation and storage of goods






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






26. 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






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






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






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






32. 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






33. 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






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






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






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






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






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






39. 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






40. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






41. 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






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






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






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






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






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






47. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






48. The types of contracts: Quantity Contract - ___________






49. Participation in business processes - such as workflow






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