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 vendor master. This vendor be shared at ________






2. Manages the transportation and storage of goods






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






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






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






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






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






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






9. Price Variance. Maximum cash discount variance.






10. 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






11. Request for quotation






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






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






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






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






16. 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






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






18. 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






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






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






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






22. Participation in business processes - such as workflow






23. Amount for item with or without order reference - Form small differences automatically - Percentage Over/Under - Quantity Variance - Exceed amount: quantity variance - Blanket purchase order - value and time limit Price variance






24. Posting periods in FF






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






26. 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






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






28. 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.






29. 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






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






31. 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






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






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






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






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






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






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






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






39. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






41. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






43. The second largest ERP vendor






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






45. The primary reason for data warehousing is to _______________






46. 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






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






48. Sends work assignments through an e-mail system






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






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