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






2. 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






3. 2 categories of collaboration systems: __________ - structured/process






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






5. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web






6. The second largest ERP vendor






7. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






9. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






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






13. Price Variance. Maximum cash discount variance.






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






15. Supports team interactions






16. 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






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






18. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






19. Track logistics movement of goods.






20. The types of contracts: Quantity Contract - ___________






21. 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






22. 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






23. 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.






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






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






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






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






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






29. Sends work assignments through an e-mail system






30. 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






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






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






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






34. The primary reason for data warehousing is to _______________






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






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






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






38. 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






39. 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






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






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






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






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






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






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






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






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






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






49. 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.






50. 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







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