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. 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






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






3. Price Variance. Maximum cash discount variance.






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






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






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






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






8. Sends work assignments through an e-mail system






9. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






10. Request for quotation






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






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






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






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






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






16. 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






17. The second largest ERP vendor






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






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






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






21. 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






22. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






23. Participation in business processes - such as workflow






24. 2 categories of collaboration systems: __________ - structured/process






25. An outline agreement






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






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






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






29. 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






30. Posting periods in FF






31. The primary reason for data warehousing is to _______________






32. 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






33. 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






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






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






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






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






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






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






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






42. 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.






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






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






45. 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






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






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






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






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






50. A meta-language for describing markup languages