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






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






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






4. 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






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






6. Supports team interactions






7. 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






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






9. 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






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






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






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






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






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






15. 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.






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






17. 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






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






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






20. Track logistics movement of goods.






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






22. Sends work assignments through an e-mail system






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






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






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






26. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






27. Request for quotation






28. 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






29. 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






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






31. 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






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






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






34. 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






35. 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.






36. Posting periods in FF






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






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






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






40. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






42. 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






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






46. The primary reason for data warehousing is to _______________






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






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






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






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