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






2. 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






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






4. 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.






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






6. 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






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






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






9. 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






10. Posting periods in FF






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






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






13. 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






14. The primary reason for data warehousing is to _______________






15. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






18. The second largest ERP vendor






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






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






21. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






23. 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






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






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






26. A process of mapping a group's contacts to identify who knows whom and who works with whom






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






28. The types of contracts: Quantity Contract - ___________






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






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






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






32. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






35. Manages the transportation and storage of goods






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






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






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






39. Supports team interactions






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






41. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






42. 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






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






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






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






46. 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






47. 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






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






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






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







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