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. Includes support for multicountry - multicurrency environments and wide scalability






2. 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.






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. 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






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






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






7. Posting periods in FF






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






9. Participation in business processes - such as workflow






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






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






12. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






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






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






17. Sends work assignments through an e-mail system






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






19. 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






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






21. A meta-language for describing markup languages






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






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






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






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






26. 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






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






28. 2 categories of collaboration systems: __________ - structured/process






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






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






31. 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






32. Supports team interactions






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






34. The primary reason for data warehousing is to _______________






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






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






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






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






39. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






40. Request for quotation






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






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






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






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






45. 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






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. 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






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






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






50. 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