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. 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






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






3. 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.






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






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






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






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






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






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






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






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






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






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






14. Request for quotation






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






16. Sends work assignments through an e-mail system






17. Price Variance. Maximum cash discount variance.






18. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






21. An outline agreement






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






23. 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






24. 2 categories of collaboration systems: __________ - structured/process






25. 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.






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






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






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






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






31. The types of contracts: Quantity Contract - ___________






32. The second largest ERP vendor






33. Posting periods in FF






34. 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






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






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






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






38. A meta-language for describing markup languages






39. 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






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






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






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






43. Track logistics movement of goods.






44. 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






45. 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






46. 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






47. 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






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






49. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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