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






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






3. 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






4. 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.






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






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






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






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






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






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






11. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving






12. 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






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






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






15. 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






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






17. Manages the transportation and storage of goods






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






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






20. 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






21. The primary reason for data warehousing is to _______________






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






23. 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






24. 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






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






26. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






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






30. Supports team interactions






31. Sends work assignments through an e-mail system






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






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






34. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






36. 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






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






38. Track logistics movement of goods.






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






40. 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






41. An outline agreement






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






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






44. 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






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






46. 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






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






48. A meta-language for describing markup languages






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






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