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






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






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






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






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






7. 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.






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






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






10. 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






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






12. An outline agreement






13. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






15. 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.






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






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






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






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






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






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






22. 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






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






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






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






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






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






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






29. Manages the transportation and storage of goods






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






31. 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






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






33. 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






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






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






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






37. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.






38. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






40. 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






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






42. 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






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






44. Supports team interactions






45. The primary reason for data warehousing is to _______________






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






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






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






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






50. 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