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 primary reason for data warehousing is to _______________






2. Price Variance. Maximum cash discount variance.






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






4. 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






5. Sends work assignments through an e-mail system






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






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






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






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






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






11. Participation in business processes - such as workflow






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






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






14. 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






15. Track logistics movement of goods.






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






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






18. 2 categories of collaboration systems: __________ - structured/process






19. 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






20. 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






21. Posting periods in FF






22. 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






23. The types of contracts: Quantity Contract - ___________






24. 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






25. 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






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






27. Supports team interactions






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






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






30. 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






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






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






33. 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.






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






35. 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






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






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






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






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






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






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






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






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






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






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






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






48. 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






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






50. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






Can you answer 50 questions in 15 minutes?



Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests