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






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






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






5. Manages the transportation and storage of goods






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






7. 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






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






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






10. Includes support for multicountry - multicurrency environments and wide scalability






11. 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






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






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






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






15. 2 categories of collaboration systems: __________ - structured/process






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






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






18. 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






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






20. Participation in business processes - such as workflow






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






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






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






24. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






26. 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






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






28. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






30. Request for quotation






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






32. 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






33. 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






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






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






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






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






38. 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






39. Sends work assignments through an e-mail system






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






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






42. Price Variance. Maximum cash discount variance.






43. Track logistics movement of goods.






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






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






46. 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






47. 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






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






49. A meta-language for describing markup languages






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