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






2. 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






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






4. The types of contracts: Quantity Contract - ___________






5. 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






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






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






8. Price Variance. Maximum cash discount variance.






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






10. An outline agreement






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






12. The second largest ERP vendor






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






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






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






16. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






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






21. Sends work assignments through an e-mail system






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






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






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






25. A meta-language for describing markup languages






26. 2 categories of collaboration systems: __________ - structured/process






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






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






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






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






31. 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.






32. 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






33. Supports team interactions






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






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






36. Posting periods in FF






37. 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






38. The primary reason for data warehousing is to _______________






39. Track logistics movement of goods.






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






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






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






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






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






46. 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






47. 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






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






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






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







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