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. Posting periods in FF






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






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






4. 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






5. 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.






6. Supports team interactions






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






8. 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






9. Price Variance. Maximum cash discount variance.






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






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






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






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






14. An outline agreement






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






16. 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






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






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






19. The types of contracts: Quantity Contract - ___________






20. 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






21. A meta-language for describing markup languages






22. 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






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






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






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






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






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






28. 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






29. The second largest ERP vendor






30. 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.






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






32. 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






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






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






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






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






37. 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






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






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






40. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






43. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






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






48. 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






49. Participation in business processes - such as workflow






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