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






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






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






4. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






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






10. 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






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






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






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. 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






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






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






17. A meta-language for describing markup languages






18. Sends work assignments through an e-mail system






19. The types of contracts: Quantity Contract - ___________






20. The primary reason for data warehousing is to _______________






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






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






23. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






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






27. Request for quotation






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






29. Price Variance. Maximum cash discount variance.






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






31. The second largest ERP vendor






32. 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






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






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






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






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






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






38. 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






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






40. 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






41. 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






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






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. 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






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






46. 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






47. 2 categories of collaboration systems: __________ - structured/process






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






49. You have created a vendor master. This vendor be shared at ________






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