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






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






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






4. Manages the transportation and storage of goods






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






6. Posting periods in FF






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






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






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






10. A meta-language for describing markup languages






11. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






12. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






15. 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






16. 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






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






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






19. The second largest ERP vendor






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






21. Request for quotation






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






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






24. 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






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






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






27. 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






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






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






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






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






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






34. Participation in business processes - such as workflow






35. The types of contracts: Quantity Contract - ___________






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






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






38. 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.






39. 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






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






41. 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






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






43. The primary reason for data warehousing is to _______________






44. 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






45. 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






46. 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






47. 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






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






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






50. 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