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






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






3. An outline agreement






4. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.






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






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






7. Posting periods in FF






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






9. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






13. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






14. Price Variance. Maximum cash discount variance.






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






16. Impact on auditor responsibility as a consequence of real-time distribution of financial statements






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






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






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






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






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






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






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






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






25. 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






26. The primary reason for data warehousing is to _______________






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






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






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






30. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






32. 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.






33. 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






34. 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






35. 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






36. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






39. 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






40. Track logistics movement of goods.






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. Request for quotation






43. 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






44. Supports team interactions






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






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






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






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






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






50. Sends work assignments through an e-mail system