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






2. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.






3. Manages the transportation and storage of goods






4. 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






5. Sends work assignments through an e-mail system






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






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






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






9. 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






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






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






12. 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






13. 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.






14. 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






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






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






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






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






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






20. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.






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






22. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






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






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






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






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






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






30. 2 categories of collaboration systems: __________ - structured/process






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






32. The primary reason for data warehousing is to _______________






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






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






35. 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






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






37. The types of contracts: Quantity Contract - ___________






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






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






40. 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






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






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






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






44. 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






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






46. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






47. 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






48. Supports team interactions






49. Track logistics movement of goods.






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