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






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






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






4. An outline agreement






5. 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






6. A meta-language for describing markup languages






7. Manages the transportation and storage of goods






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






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






10. 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






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






12. Posting periods in FF






13. 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






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






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






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






17. 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






18. 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






19. Sends work assignments through an e-mail system






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






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






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






23. 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






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






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






26. The types of contracts: Quantity Contract - ___________






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






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






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






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






31. 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






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






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






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






35. 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






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






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






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






39. 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






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






41. 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.






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






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






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






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






46. 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






47. The second largest ERP vendor






48. 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






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






50. Participation in business processes - such as workflow