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






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






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






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






5. 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






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






7. 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






8. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.






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






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






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






12. 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






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






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






15. 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.






16. 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






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






18. The primary reason for data warehousing is to _______________






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






20. An outline agreement






21. Sends work assignments through an e-mail system






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






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






24. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






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






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






29. A meta-language for describing markup languages






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






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






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






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






34. Posting periods in FF






35. 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






36. Track logistics movement of goods.






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






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






39. Price Variance. Maximum cash discount variance.






40. 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






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






42. Three things make a _________: Document number. Fiscal Year. Company Code.






43. 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






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






46. 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






47. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






50. Supports team interactions