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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 _____ is needed to monitor the quality - objectives - and timelines






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






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






4. 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






5. 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






6. Participation in business processes - such as workflow






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






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






9. Price Variance. Maximum cash discount variance.






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






11. Track logistics movement of goods.






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






13. 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






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






15. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






17. Request for quotation






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






19. Posting periods in FF






20. 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






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






22. 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






23. An outline agreement






24. 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






25. 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






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






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






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






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






30. The second largest ERP vendor






31. 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.






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






33. Manages the transportation and storage of goods






34. 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






35. 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






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






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






38. 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.






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






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






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






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






43. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






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






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






48. The types of contracts: Quantity Contract - ___________






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






50. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.







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