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. 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






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






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






5. Attempt by organizations to switch operations from their old legacy systems to a new system in a single event that implements the ERP across the entire company; more ambitious and risk than phased-in method






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






7. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






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






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. Posting periods in FF






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






14. 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






15. 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






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






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






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






19. The second largest ERP vendor






20. 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






21. Sends work assignments through an e-mail system






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






23. The primary reason for data warehousing is to _______________






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






25. Participation in business processes - such as workflow






26. Track logistics movement of goods.






27. An outline agreement






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






29. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






31. A meta-language for describing markup languages






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






33. Some of the major implications for Internal Control and Auditing when dealing with ERP systems: 1) Transaction authorization - 2) _____________ 3) supervision 4) accounting records 5)independent verification 6) access controls 7) traditional access c






34. Request for quotation






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






36. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.






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






38. 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.






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






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






41. Price Variance. Maximum cash discount variance.






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






43. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






44. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






47. For what reasons might a company refuse payment of an invoice from a vendor: It might be refused because the _____________ - the quantity of the shipment is too high or too low - could be a damaged good - a wrong good - or may have arrived before or






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






49. All the steps or business rules - from beginning to end - required for a business process






50. 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