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






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






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






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






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






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






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






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






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






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






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






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






13. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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. 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






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






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






18. Track logistics movement of goods.






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






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. The steps to completing the ___________ process: Agreement - invoice - payment.






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






23. Manages the transportation and storage of goods






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






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






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






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






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






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






30. 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






31. 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






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






33. The types of contracts: Quantity Contract - ___________






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






35. An outline agreement






36. Request for quotation






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






38. 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






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






40. 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






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






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






43. Sends work assignments through an e-mail system






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






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






46. The primary reason for data warehousing is to _______________






47. 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






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






49. Participation in business processes - such as workflow






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