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






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






3. 2 categories of collaboration systems: __________ - structured/process






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






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






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






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






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






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






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






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






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






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






14. Participation in business processes - such as workflow






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






16. An outline agreement






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






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






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






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






21. 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.






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






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






24. Price Variance. Maximum cash discount variance.






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






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






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






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






29. Tell us who is responsible for the document and when it was created.






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






31. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






32. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






33. A meta-language for describing markup languages






34. 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.






35. 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






36. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






39. Supports team interactions






40. Sends work assignments through an e-mail system






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






42. 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






43. 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






44. 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






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






46. 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






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






48. The types of contracts: Quantity Contract - ___________






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






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