Test your basic knowledge |

ERP: Enterprise Resource Planning

Subject : it-skills
  • Answer 50 questions in 15 minutes.
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  • Match each statement with the correct term.
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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. 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

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

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

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

5. 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

6. 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

7. Manages the transportation and storage of goods

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

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

10. Participation in business processes - such as workflow

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

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

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

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

15. 2 categories of collaboration systems: __________ - structured/process

16. An outline agreement

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

18. A meta-language for describing markup languages

19. Track logistics movement of goods.

20. 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

21. 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

22. The primary reason for data warehousing is to _______________

23. 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.

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

25. 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

26. 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

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

28. The types of contracts: Quantity Contract - ___________

29. 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

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

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

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

33. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial

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

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

36. 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

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

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

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

40. 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

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

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

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

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

45. 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

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

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

48. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans

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

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