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. Manages the transportation and storage of goods






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






4. Track logistics movement of goods.






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






6. 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






7. 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






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






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






10. 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






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






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






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






14. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






17. The primary reason for data warehousing is to _______________






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






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






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






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






22. Sends work assignments through an e-mail system






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






24. 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






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






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






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






28. 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.






29. 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






30. 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






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






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






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






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






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






36. 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






37. 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.






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






39. An outline agreement






40. 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






41. 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






42. A meta-language for describing markup languages






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






44. Supports team interactions






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






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






47. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






48. 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






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






50. 2 categories of collaboration systems: __________ - structured/process