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






2. An outline agreement






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






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






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






6. 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.






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






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






9. The primary reason for data warehousing is to _______________






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






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






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






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






14. 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






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






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






17. Supports team interactions






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






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






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






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






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






23. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






26. 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






27. 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






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






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






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






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






32. 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






33. The types of contracts: Quantity Contract - ___________






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






35. Posting periods in FF






36. The second largest ERP vendor






37. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






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






41. 1) Single point of failure since all data processing is within one application 2) Complexity makes it difficult to understand 3) User acceptance influences likelihood of success 4) extensive training for many users 5) Inexperience with implementation






42. 2 categories of collaboration systems: __________ - structured/process






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






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






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






46. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






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







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