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






2. An outline agreement






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






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






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






6. Manages the transportation and storage of goods






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






8. 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






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






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






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






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






13. 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






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






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






16. Track logistics movement of goods.






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






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






19. 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






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






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






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






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






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






25. Sends work assignments through an e-mail system






26. Posting periods in FF






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






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






29. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






31. A meta-language for describing markup languages






32. Price Variance. Maximum cash discount variance.






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






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






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






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






37. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






39. 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






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






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






42. 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






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






44. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






46. 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






47. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






48. ERP is different: 1)The system usually resides on multiple computers - 2) the system allows ______________ - customization - and maintenance 3) On-line and real-time processing (all databases are updated simultaneously and all stored together) 4) Dat






49. 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






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







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