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






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






3. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






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






7. Request for quotation






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






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






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






11. 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






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






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






14. Track logistics movement of goods.






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






16. 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






17. 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






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






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






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






21. 2 categories of collaboration systems: __________ - structured/process






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






23. The primary reason for data warehousing is to _______________






24. 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






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






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






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






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






29. 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






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






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






32. A meta-language for describing markup languages






33. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






34. 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






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






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






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






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






39. 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






40. 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






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






42. Supports team interactions






43. The second largest ERP vendor






44. Participation in business processes - such as workflow






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






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






47. Price Variance. Maximum cash discount variance.






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






49. 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






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