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






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






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






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






5. Track logistics movement of goods.






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






7. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






10. Manages the transportation and storage of goods






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






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






13. Participation in business processes - such as workflow






14. 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






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






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






17. 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.






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






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






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






21. Price Variance. Maximum cash discount variance.






22. 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






23. Supports team interactions






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






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






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






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






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






29. 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.






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






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






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






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






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






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






37. The primary reason for data warehousing is to _______________






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






39. 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






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






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






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






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






44. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






45. 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






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






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






48. 2 categories of collaboration systems: __________ - structured/process






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






50. Posting periods in FF