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. 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






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






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






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






5. 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






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






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






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






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






10. Sends work assignments through an e-mail system






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






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






13. An outline agreement






14. 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






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






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






17. 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.






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






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






20. 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






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






22. The primary reason for data warehousing is to _______________






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






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






25. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






29. 2 categories of collaboration systems: __________ - structured/process






30. 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






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






32. 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






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






34. Manages the transportation and storage of goods






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






36. Supports team interactions






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






38. usiness intelligence - CRM - SCM - e-business






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






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






41. 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.






42. Price Variance. Maximum cash discount variance.






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






44. Posting periods in FF






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






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






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






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






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






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