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






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






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






4. 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






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






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






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






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






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






10. Manages the transportation and storage of goods






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






12. Request for quotation






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






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






15. 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






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






17. 2 categories of collaboration systems: __________ - structured/process






18. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






19. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






21. Participation in business processes - such as workflow






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






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






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






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






26. 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






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






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






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






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






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






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






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






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






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






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






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






38. The second largest ERP vendor






39. 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






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






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






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






43. 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






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






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






46. The primary reason for data warehousing is to _______________






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






48. 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.






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






50. Some of the major implications for Internal Control and Auditing when dealing with ERP systems: 1) Transaction authorization - 2) _____________ 3) supervision 4) accounting records 5)independent verification 6) access controls 7) traditional access c