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






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






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






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






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






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






7. The types of contracts: Quantity Contract - ___________






8. 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






9. 2 categories of collaboration systems: __________ - structured/process






10. The primary reason for data warehousing is to _______________






11. 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






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






13. Track logistics movement of goods.






14. 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






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






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






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






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






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






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






21. Supports team interactions






22. Sends work assignments through an e-mail system






23. Request for quotation






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






25. 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






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






27. A meta-language for describing markup languages






28. The second largest ERP vendor






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






30. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments






31. Manages the transportation and storage of goods






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






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






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






35. 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






36. 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






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






38. 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






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






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






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






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






43. Posting periods in FF






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






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






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






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






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






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






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