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. An outline agreement






2. Price Variance. Maximum cash discount variance.






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






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






5. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






8. Sends work assignments through an e-mail system






9. 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






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






11. Manages the transportation and storage of goods






12. 2 categories of collaboration systems: __________ - structured/process






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






14. 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






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






16. Request for quotation






17. 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






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






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






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






21. 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.






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






23. 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






24. 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






25. 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






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






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






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






29. 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.






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






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






32. 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






33. 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






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






35. 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






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






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






38. The primary reason for data warehousing is to _______________






39. The second largest ERP vendor






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






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






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






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






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






45. A meta-language for describing markup languages






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






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






48. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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