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. The second largest ERP vendor






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






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






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






5. Manages the transportation and storage of goods






6. 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






7. Track logistics movement of goods.






8. 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






9. 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






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






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






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






13. 2 categories of collaboration systems: __________ - structured/process






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






15. Supports team interactions






16. Participation in business processes - such as workflow






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






18. 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






19. 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.






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






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






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






23. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






24. Sends work assignments through an e-mail system






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






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






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






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






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






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






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. 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






33. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






35. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






37. Request for quotation






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






39. 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.






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






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






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






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






44. 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






45. 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






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






47. 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






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






49. 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






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