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. 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






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






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






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






6. An outline agreement






7. 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






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






9. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






10. Manages the transportation and storage of goods






11. The types of contracts: Quantity Contract - ___________






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






13. Participation in business processes - such as workflow






14. 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






15. 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






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






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






18. The primary reason for data warehousing is to _______________






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






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






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






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






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






24. 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






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






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






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






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






29. 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.






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






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






32. 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






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






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






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






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






37. Request for quotation






38. The second largest ERP vendor






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






40. Track logistics movement of goods.






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






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






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






44. Supports team interactions






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






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






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






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






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






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