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. The second largest ERP vendor






2. 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






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






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






5. 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






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






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






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






9. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






10. 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






11. 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






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






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






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






15. 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






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






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






18. Supports team interactions






19. 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






20. 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.






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






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






23. A meta-language for describing markup languages






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






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






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






27. 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






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






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






30. Sends work assignments through an e-mail system






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






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






33. 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






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






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






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. 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. Price Variance. Maximum cash discount variance.






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






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






41. Manages the transportation and storage of goods






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






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






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






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






47. Posting periods in FF






48. The key _______ issued: 1) difficulty of migration from legacy systems to ERP database - 2) lack of interoperability among different vendors - 3)and continual maintenance requirements






49. Track logistics movement of goods.






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