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






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






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






4. 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






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






6. Supports team interactions






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






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






9. 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






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






11. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






14. An outline agreement






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






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






17. 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






18. 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.






19. Manages the transportation and storage of goods






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






21. 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






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






23. 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






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






25. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






26. The primary reason for data warehousing is to _______________






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






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






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






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






31. 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






32. 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






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






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






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






36. 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






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






38. 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






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






40. 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






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






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






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






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






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






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






47. Price Variance. Maximum cash discount variance.






48. 2 categories of collaboration systems: __________ - structured/process






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






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