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






2. 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.






3. 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






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






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






6. 2 categories of collaboration systems: __________ - structured/process






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






8. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






11. Price Variance. Maximum cash discount variance.






12. Request for quotation






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






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






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






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






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






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






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






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






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






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






23. 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.






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






25. 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






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






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






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






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






30. 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






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






32. 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






33. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






34. The primary reason for data warehousing is to _______________






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






36. The second largest ERP vendor






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






38. Supports team interactions






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






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






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






42. A meta-language for describing markup languages






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






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






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






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






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






48. 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






49. 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






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







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