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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 meta-language for describing markup languages






2. Posting periods in FF






3. 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






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






5. 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






6. 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






7. 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






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






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






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






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






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






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






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






15. Participation in business processes - such as workflow






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






17. Request for quotation






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






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






20. The types of contracts: Quantity Contract - ___________






21. 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






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






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






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






25. Supports team interactions






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






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






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






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






30. The second largest ERP vendor






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






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






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






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






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






36. 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.






37. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






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






41. 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






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






43. 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






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






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






46. The purpose of __________: Audit Trail. Determines the type of document it is.






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






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






49. 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






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







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