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. Includes support for multicountry - multicurrency environments and wide scalability






2. A meta-language for describing markup languages






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






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. The types of contracts: Quantity Contract - ___________






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






7. 2 categories of collaboration systems: __________ - structured/process






8. 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






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






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






12. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






14. Track logistics movement of goods.






15. Participation in business processes - such as workflow






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






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






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






19. 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






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






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






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






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






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






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






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






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






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






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






30. Posting periods in FF






31. The second largest ERP vendor






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






33. Manages the transportation and storage of goods






34. 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






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






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






37. Request for quotation






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






39. 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






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






41. The primary reason for data warehousing is to _______________






42. 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






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






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






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






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






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






48. Supports team interactions






49. 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






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