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. 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






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






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






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






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






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






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






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






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






10. 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






11. Participation in business processes - such as workflow






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






13. 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






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






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






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






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






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






19. 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






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






21. Manages the transportation and storage of goods






22. 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






23. 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






24. Price Variance. Maximum cash discount variance.






25. The types of contracts: Quantity Contract - ___________






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






27. Sends work assignments through an e-mail system






28. 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






29. 2 categories of collaboration systems: __________ - structured/process






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






31. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.






32. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






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






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






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






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






39. Request for quotation






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






41. 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.






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






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






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






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






46. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






48. The second largest ERP vendor






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






50. 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