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. Track logistics movement of goods.






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






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






4. 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






5. 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






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






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






8. Participation in business processes - such as workflow






9. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






11. 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.






12. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






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






17. 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






18. 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






19. 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






20. 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






21. An outline agreement






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






23. Supports team interactions






24. 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






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






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






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






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






29. Sends work assignments through an e-mail system






30. Request for quotation






31. 2 categories of collaboration systems: __________ - structured/process






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






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






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






35. 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






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






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






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






39. All the steps or business rules - from beginning to end - required for a business process






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






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






42. Posting periods in FF






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






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






45. Manages the transportation and storage of goods






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






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






48. The types of contracts: Quantity Contract - ___________






49. The second largest ERP vendor






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