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






2. Supports team interactions






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






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






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






6. 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.






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






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






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






10. Price Variance. Maximum cash discount variance.






11. 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






12. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






13. Sends work assignments through an e-mail system






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






16. An outline agreement






17. Participation in business processes - such as workflow






18. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






21. Request for quotation






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






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






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






25. 1) Single point of failure since all data processing is within one application 2) Complexity makes it difficult to understand 3) User acceptance influences likelihood of success 4) extensive training for many users 5) Inexperience with implementation






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






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






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






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






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






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






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






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






34. Posting periods in FF






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






36. 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






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






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






39. 2 categories of collaboration systems: __________ - structured/process






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






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






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






44. 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






45. A meta-language for describing markup languages






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






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






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






49. 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






50. 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