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






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






3. The types of contracts: Quantity Contract - ___________






4. 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






5. 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






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






7. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






9. Participation in business processes - such as workflow






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






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






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






13. Price Variance. Maximum cash discount variance.






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






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






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






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






18. 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.






19. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






20. 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






21. 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






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






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






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






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






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






27. The second largest ERP vendor






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






29. 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






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






31. 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






32. 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






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






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






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






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






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






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






39. All the steps or business rules - from beginning to end - required for a business process






40. 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






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






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






43. Manages the transportation and storage of goods






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






45. 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






46. 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






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






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






49. 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






50. Supports team interactions