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






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






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






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






5. 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






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






7. 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






8. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






9. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






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






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






14. 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






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






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






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






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






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






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






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






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






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






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






25. 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






26. Supports team interactions






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






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






29. Request for quotation






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






31. The types of contracts: Quantity Contract - ___________






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






33. 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






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






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






36. 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






37. 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






38. 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






39. 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.






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






41. 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






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






43. An outline agreement






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






45. 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






46. Posting periods in FF






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






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






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






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.







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests