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






2. Price Variance. Maximum cash discount variance.






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






4. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






5. 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






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






7. Three things make a _________: Document number. Fiscal Year. Company Code.






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






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






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






11. 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






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






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






14. 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






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






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






17. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class






18. 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






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






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






21. 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






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






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






24. 2 categories of collaboration systems: __________ - structured/process






25. Manages the transportation and storage of goods






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






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






28. 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






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






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






31. 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






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






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






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






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






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






37. 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






38. Track logistics movement of goods.






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






40. Sends work assignments through an e-mail system






41. Posting periods in FF






42. 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






43. A meta-language for describing markup languages






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






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






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






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






48. Supports team interactions






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






50. 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






Can you answer 50 questions in 15 minutes?



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