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. 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






2. Supports team interactions






3. The second largest ERP vendor






4. Participation in business processes - such as workflow






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






6. A meta-language for describing markup languages






7. 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






8. 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.






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






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






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






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






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






14. Track logistics movement of goods.






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






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






17. The primary reason for data warehousing is to _______________






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






19. 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






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






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






22. Posting periods in FF






23. 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






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






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






26. 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






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






28. 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






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






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






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






32. 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






33. The types of contracts: Quantity Contract - ___________






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. 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.






36. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






38. Sends work assignments through an e-mail system






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






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






41. 2 categories of collaboration systems: __________ - structured/process






42. 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






43. Request for quotation






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






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






46. 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






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






48. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






49. 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






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






Can you answer 50 questions in 15 minutes?



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