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






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






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






4. 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.






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






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






7. 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






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






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






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






11. Supports team interactions






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






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






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






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






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






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






18. 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






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






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






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






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






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






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






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






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






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






29. Price Variance. Maximum cash discount variance.






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






31. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






32. 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






33. Request for quotation






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






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






36. The second largest ERP vendor






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






38. Posting periods in FF






39. 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






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






41. 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






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






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






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






45. A meta-language for describing markup languages






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






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






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






49. 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






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