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






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






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






4. 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






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






6. Track logistics movement of goods.






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






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






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






10. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






11. Participation in business processes - such as workflow






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






13. The second largest ERP vendor






14. Request for quotation






15. Supports team interactions






16. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together






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






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






19. Posting periods in FF






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






21. 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






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. Sends work assignments through an e-mail system






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






25. Price Variance. Maximum cash discount variance.






26. 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






27. 2 categories of collaboration systems: __________ - structured/process






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






29. 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.






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






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






32. A meta-language for describing markup languages






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






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






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






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






37. 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






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






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






40. The types of contracts: Quantity Contract - ___________






41. An outline agreement






42. The primary reason for data warehousing is to _______________






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






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






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






46. 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






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. 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






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






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