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






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






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






4. 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






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






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






7. 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






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






9. A meta-language for describing markup languages






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






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






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






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. Supports team interactions






15. 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






16. 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






17. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






19. 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






20. Request for quotation






21. 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






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






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






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






25. The second largest ERP vendor






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






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






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






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






30. An outline agreement






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






32. The primary reason for data warehousing is to _______________






33. Posting periods in FF






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






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






36. Participation in business processes - such as workflow






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






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






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






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






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






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






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






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






45. 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






46. 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.






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






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






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






50. Manages the transportation and storage of goods







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