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






2. The primary reason for data warehousing is to _______________






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






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






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






6. Price Variance. Maximum cash discount variance.






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






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






9. 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






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






11. 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






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






13. Track logistics movement of goods.






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






15. The types of contracts: Quantity Contract - ___________






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






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






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






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






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. 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






22. 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






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






24. 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






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






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






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






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






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






30. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






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






34. 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






35. 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






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






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






38. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






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






42. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






44. Sends work assignments through an e-mail system






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






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






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






48. 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






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






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







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