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. A meta-language for describing markup languages






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






4. 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






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






6. Participation in business processes - such as workflow






7. The primary reason for data warehousing is to _______________






8. 1) Single point of failure since all data processing is within one application 2) Complexity makes it difficult to understand 3) User acceptance influences likelihood of success 4) extensive training for many users 5) Inexperience with implementation






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






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






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






12. Request for quotation






13. Sends work assignments through an e-mail system






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






15. 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






16. 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






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






18. 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






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






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






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






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






23. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






24. The second largest ERP vendor






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






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






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






28. An outline agreement






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






30. 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.






31. 2 categories of collaboration systems: __________ - structured/process






32. 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






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






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






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






36. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






37. The types of contracts: Quantity Contract - ___________






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






39. 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






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






41. 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.






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






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






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






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






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






47. Manages the transportation and storage of goods






48. 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






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






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