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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. 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






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






3. An outline agreement






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






5. Supports team interactions






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






7. 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






8. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






10. Sends work assignments through an e-mail system






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






12. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)






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






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






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






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






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






18. 2 categories of collaboration systems: __________ - structured/process






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






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






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






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






23. The key concerns when dealing with ___________________ related to ERP roles: 1) the creation of unnecessary roles 2) the rule of least access should apply to permission assignments and 3) monitor role creation and permission-granting activities






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






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






26. 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






27. The types of contracts: Quantity Contract - ___________






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






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






30. 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






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






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






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






34. 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






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






36. The second largest ERP vendor






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






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






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






40. Participation in business processes - such as workflow






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






42. 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






43. Track logistics movement of goods.






44. 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






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






46. Some of the major implications for Internal Control and Auditing when dealing with ERP systems: 1) Transaction authorization - 2) _____________ 3) supervision 4) accounting records 5)independent verification 6) access controls 7) traditional access c






47. The primary reason for data warehousing is to _______________






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






49. Includes support for multicountry - multicurrency environments and wide scalability






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







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