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ERP: Enterprise Resource Planning
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Avg score: 22% • Most missed: “Account and finance - production and materials management - human resource”
ERP: Enterprise Resource Planning
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25 Questions

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

2. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______

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

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

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

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

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

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

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

10. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans

11. Sends work assignments through an e-mail system

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

13. 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

14. 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

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

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

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

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

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

20. 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

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

22. 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

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

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

25. Price Variance. Maximum cash discount variance.

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