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






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






3. Supports team interactions






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






5. 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






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






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






8. 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






9. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions






10. 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






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






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






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






14. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






16. Sends work assignments through an e-mail system






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






18. 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






19. 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






20. 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






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






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






23. Posting periods in FF






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






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






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






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






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






29. The second largest ERP vendor






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






31. 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






32. Track logistics movement of goods.






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






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






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






36. 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






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






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






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






40. A meta-language for describing markup languages






41. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






42. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






43. 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






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






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






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






47. 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






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






49. 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.






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