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






2. 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






3. Track logistics movement of goods.






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






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






6. Request for quotation






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






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






9. Sends work assignments through an e-mail system






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






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






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






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






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






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






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






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






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






19. 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






20. 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






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






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






23. 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






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






25. 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






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






27. 2 categories of collaboration systems: __________ - structured/process






28. 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






29. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






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






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






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






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






36. The types of contracts: Quantity Contract - ___________






37. Participation in business processes - such as workflow






38. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






40. An outline agreement






41. 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






42. 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






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






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






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






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






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






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






49. 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






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.