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






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






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






4. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






5. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






6. The types of contracts: Quantity Contract - ___________






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






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






9. 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






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






11. The primary reason for data warehousing is to _______________






12. A meta-language for describing markup languages






13. 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.






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






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






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






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






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






19. Request for quotation






20. Participation in business processes - such as workflow






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






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






23. Supports team interactions






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






25. 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






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






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






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






29. 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






30. 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






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






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






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






34. Sends work assignments through an e-mail system






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






36. 2 categories of collaboration systems: __________ - structured/process






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






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






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






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






42. Track logistics movement of goods.






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






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






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






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






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






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






50. 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.