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






2. Supports team interactions






3. 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






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






5. Posting periods in FF






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






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






8. 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






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






10. An outline agreement






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






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






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






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






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






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






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






18. 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






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






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






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






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






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






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






25. Manages the transportation and storage of goods






26. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






27. Request for quotation






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






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






30. 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






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






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






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






34. 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






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






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






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






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






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






40. The types of contracts: Quantity Contract - ___________






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






42. The primary reason for data warehousing is to _______________






43. 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






44. 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






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. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company






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






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






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






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







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