Test your basic knowledge |

ERP: Enterprise Resource Planning

Subject : it-skills
  • Answer 50 questions in 15 minutes.
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  • 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 _______ issued: 1) difficulty of migration from legacy systems to ERP database - 2) lack of interoperability among different vendors - 3)and continual maintenance requirements

2. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______

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

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

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

6. 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

7. 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

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

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

10. 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

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

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

13. An outline agreement

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

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

16. 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

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

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

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

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

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

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

23. 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

24. Sends work assignments through an e-mail system

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

26. 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

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

28. 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

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

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

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

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

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

34. Price Variance. Maximum cash discount variance.

35. 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.

36. Track logistics movement of goods.

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

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

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

40. ERP is different: 1)The system usually resides on multiple computers - 2) the system allows ______________ - customization - and maintenance 3) On-line and real-time processing (all databases are updated simultaneously and all stored together) 4) Dat

41. 2 categories of collaboration systems: __________ - structured/process

42. 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

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

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

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

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

47. The second largest ERP vendor

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

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

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