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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. 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






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






3. The types of contracts: Quantity Contract - ___________






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






5. Participation in business processes - such as workflow






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






7. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






10. 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






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






12. An outline agreement






13. 2 categories of collaboration systems: __________ - structured/process






14. 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






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






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






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






18. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






20. 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






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






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






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






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






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






26. 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






27. 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






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






29. A meta-language for describing markup languages






30. 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






31. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






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






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






37. 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






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






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






40. Price Variance. Maximum cash discount variance.






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






42. Sends work assignments through an e-mail system






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






44. Track logistics movement of goods.






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






46. Request for quotation






47. The second largest ERP vendor






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






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






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







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