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






2. The types of contracts: Quantity Contract - ___________






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






4. Track logistics movement of goods.






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






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






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






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






9. An outline agreement






10. 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






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






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






13. Participation in business processes - such as workflow






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






15. 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






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






17. The second largest ERP vendor






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






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






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






21. Sends work assignments through an e-mail system






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






23. 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.






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






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






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






27. 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






28. 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






29. Posting periods in FF






30. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






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






34. A meta-language for describing markup languages






35. 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






36. Manages the transportation and storage of goods






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






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






39. 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






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






41. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






42. Supports team interactions






43. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






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






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






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






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






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