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






2. Supports team interactions






3. 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






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






5. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






6. 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






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






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






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






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






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






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






13. 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






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






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






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






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






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






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






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






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






22. 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






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






24. Sends work assignments through an e-mail system






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






26. Participation in business processes - such as workflow






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






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






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






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






32. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






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






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






37. A meta-language for describing markup languages






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






39. Price Variance. Maximum cash discount variance.






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






41. 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.






42. 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






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






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






45. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________






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






47. 2 categories of collaboration systems: __________ - structured/process






48. 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






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






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







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