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






2. 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






3. Supports team interactions






4. 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






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






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






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






8. An outline agreement






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






10. 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






11. Participation in business processes - such as workflow






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






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






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






15. 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






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






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






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






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






20. The types of contracts: Quantity Contract - ___________






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






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






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






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






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






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






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






28. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






31. Track logistics movement of goods.






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






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






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






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






36. The primary reason for data warehousing is to _______________






37. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






41. Price Variance. Maximum cash discount variance.






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






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






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






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






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






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






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






49. 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






50. 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