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. Manages the transportation and storage of goods






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






3. The two main ERP applications: Core Applications and ___________






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






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






6. 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






7. 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






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






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






10. Price Variance. Maximum cash discount variance.






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






12. 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






13. Sends work assignments through an e-mail system






14. Participation in business processes - such as workflow






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






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






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






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






19. Track logistics movement of goods.






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






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






22. 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.






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






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






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






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. 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






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






29. 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






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






31. 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






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






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






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






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






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






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






38. 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






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






40. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






41. The types of contracts: Quantity Contract - ___________






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






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






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






45. 2 categories of collaboration systems: __________ - structured/process






46. Posting periods in FF






47. 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.






48. A meta-language for describing markup languages






49. 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






50. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.