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. 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.






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






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






4. Posting periods in FF






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






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






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






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






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






10. 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






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






12. 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






13. 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






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






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






16. Manages the transportation and storage of goods






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






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






19. 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.






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






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






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






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






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






25. Price Variance. Maximum cash discount variance.






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






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






28. An outline agreement






29. Supports team interactions






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






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






32. Track logistics movement of goods.






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






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






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






37. 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






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






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






40. 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






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






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






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






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






45. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






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






49. You have created a material master. This material be shared at _________






50. The types of contracts: Quantity Contract - ___________