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






2. An outline agreement






3. Supports team interactions






4. 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






5. 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






6. Participation in business processes - such as workflow






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






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






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






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






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






12. A meta-language for describing markup languages






13. 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






14. 2 categories of collaboration systems: __________ - structured/process






15. Three things make a _________: Document number. Fiscal Year. Company Code.






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






17. 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






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






19. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






22. 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






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






24. 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






25. Request for quotation






26. 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






27. Manages the transportation and storage of goods






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






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






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






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






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






33. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






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






38. The second largest ERP vendor






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






40. Posting periods in FF






41. 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






42. Price Variance. Maximum cash discount variance.






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






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






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






46. 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






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






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






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