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






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






3. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






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






7. 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






8. 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






9. The second largest ERP vendor






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






11. Manages the transportation and storage of goods






12. Track logistics movement of goods.






13. 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






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






15. Sends work assignments through an e-mail system






16. A meta-language for describing markup languages






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






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






19. The types of contracts: Quantity Contract - ___________






20. An outline agreement






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






22. Supports team interactions






23. 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






24. 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






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






26. Participation in business processes - such as workflow






27. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






28. 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






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






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






31. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






32. 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






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






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






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






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






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






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






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






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






41. 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






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






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






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






45. 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






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






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






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






49. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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