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






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






3. 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






4. 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






5. 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






6. Manages the transportation and storage of goods






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






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






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






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






11. 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






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






13. 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






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






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






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






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






18. Participation in business processes - such as workflow






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






20. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






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






25. Posting periods in FF






26. 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






27. Track logistics movement of goods.






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






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






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. 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






32. 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






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






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






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






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






37. 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






38. The types of contracts: Quantity Contract - ___________






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






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






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






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






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






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






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






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






47. 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






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






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






50. Request for quotation