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






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






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






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






5. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web






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






7. Sends work assignments through an e-mail system






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






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






10. Posting periods in FF






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






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






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






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






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






16. 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






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






18. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






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






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






23. 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






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






25. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






27. 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






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






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






30. Manages the transportation and storage of goods






31. Participation in business processes - such as workflow






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






33. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.






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






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






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






38. The primary reason for data warehousing is to _______________






39. 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.






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






41. An outline agreement






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






43. 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






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






45. 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






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






47. The types of contracts: Quantity Contract - ___________






48. 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.






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






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