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. The second largest ERP vendor






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






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






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






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






6. Track logistics movement of goods.






7. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.






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






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






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






11. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






12. Supports team interactions






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






14. 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






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






16. Manages the transportation and storage of goods






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






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






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






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






21. 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






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






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






24. Posting periods in FF






25. The primary reason for data warehousing is to _______________






26. 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






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






28. Participation in business processes - such as workflow






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






30. An outline agreement






31. 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






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






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






34. 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.






35. 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






36. The types of contracts: Quantity Contract - ___________






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






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






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






40. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






42. 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






43. Price Variance. Maximum cash discount variance.






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






45. 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






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






48. 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






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. 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