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






2. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)






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






4. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






5. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






8. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






9. 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






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






11. The second largest ERP vendor






12. Posting periods in FF






13. Manages the transportation and storage of goods






14. Supports team interactions






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






16. 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.






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






18. Request for quotation






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






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






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






22. 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






23. 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






24. 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






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






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






27. 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






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






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






30. The types of contracts: Quantity Contract - ___________






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






32. 2 categories of collaboration systems: __________ - structured/process






33. Track logistics movement of goods.






34. 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






35. 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.






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






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






38. 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






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






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






41. 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






42. 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






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






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






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






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






47. The primary reason for data warehousing is to _______________






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






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






50. 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