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






2. 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






3. Sends work assignments through an e-mail system






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






5. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






6. Request for quotation






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






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






9. 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






10. Supports team interactions






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






12. Posting periods in FF






13. 2 categories of collaboration systems: __________ - structured/process






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






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






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






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






18. Price Variance. Maximum cash discount variance.






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






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






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






22. 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






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






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






25. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






26. 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






27. 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






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






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






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






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






32. Participation in business processes - such as workflow






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






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






35. Tell us who is responsible for the document and when it was created.






36. 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






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






38. A meta-language for describing markup languages






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






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






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






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






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. 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






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






46. Applications that operationally support the day-to-day activities of the business - support mission-critical tasks through simple queries of operational databases. Include sales and distribution - business planning - production planning - shop floor






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






48. 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






49. Document exchange - shared whiteboards - discussion forums - email






50. 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







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