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. A meta-language for describing markup languages






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






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






4. The primary reason for data warehousing is to _______________






5. 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






6. 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






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






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






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






10. Sends work assignments through an e-mail system






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






12. 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






13. An outline agreement






14. The types of contracts: Quantity Contract - ___________






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






16. Request for quotation






17. 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






18. Posting periods in FF






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






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






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






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






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






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






25. Participation in business processes - such as workflow






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






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






28. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






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






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






34. The second largest ERP vendor






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






36. 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






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






38. Track logistics movement of goods.






39. 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.






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






41. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






43. 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






44. Price Variance. Maximum cash discount variance.






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






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






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






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






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






50. 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