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. An outline agreement






2. Supports team interactions






3. 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






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






5. Sends work assignments through an e-mail system






6. Manages the transportation and storage of goods






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






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






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






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






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






12. Participation in business processes - such as workflow






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






14. The primary reason for data warehousing is to _______________






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






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






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






18. 2 categories of collaboration systems: __________ - structured/process






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






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






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






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






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






24. The second largest ERP vendor






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






26. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






30. Request for quotation






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






32. 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






33. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






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






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






38. The types of contracts: Quantity Contract - ___________






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






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






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






42. 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






43. 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






44. Price Variance. Maximum cash discount variance.






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






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






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






48. 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.






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






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