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






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






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






4. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments






5. 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






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






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






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






9. Supports team interactions






10. 2 categories of collaboration systems: __________ - structured/process






11. The key _______ issued: 1) difficulty of migration from legacy systems to ERP database - 2) lack of interoperability among different vendors - 3)and continual maintenance requirements






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






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






14. An outline agreement






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






16. The types of contracts: Quantity Contract - ___________






17. Price Variance. Maximum cash discount variance.






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






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






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






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






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






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






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






25. Track logistics movement of goods.






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






27. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving






28. 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






29. The primary reason for data warehousing is to _______________






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






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






32. A meta-language for describing markup languages






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






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






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






36. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






37. 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






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






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






40. Request for quotation






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






42. Participation in business processes - such as workflow






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






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






45. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention






46. 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






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






48. 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






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






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.