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. 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






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






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






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






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






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






7. 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.






8. Manages the transportation and storage of goods






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






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






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






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






13. Anything that can be documented - archived - and codified - often with the help of IT






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






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






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






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






18. Request for quotation






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






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






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






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






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






24. 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






25. 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






26. 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






27. The primary reason for data warehousing is to _______________






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






29. Track logistics movement of goods.






30. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






31. Sends work assignments through an e-mail system






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






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






34. 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.






35. A meta-language for describing markup languages






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






37. 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






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






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






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






41. 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






42. Participation in business processes - such as workflow






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






44. Posting periods in FF






45. 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






46. Supports team interactions






47. An outline agreement






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






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






50. 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