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






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






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






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






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






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






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






9. 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.






10. 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






11. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






13. 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






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






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






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






17. 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






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






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






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






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






22. Supports team interactions






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






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






25. Participation in business processes - such as workflow






26. 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






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






28. 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.






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






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






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






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






33. Manages the transportation and storage of goods






34. 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






35. Request for quotation






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






37. A meta-language for describing markup languages






38. 2 categories of collaboration systems: __________ - structured/process






39. An outline agreement






40. Price Variance. Maximum cash discount variance.






41. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






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






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






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






47. Posting periods in FF






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






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






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