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 second largest ERP vendor






2. Manages the transportation and storage of goods






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






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






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






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






8. 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.






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






10. 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






11. 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.






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






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






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






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






16. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






17. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






18. An outline agreement






19. Track logistics movement of goods.






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






21. 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






22. Supports team interactions






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






24. Participation in business processes - such as workflow






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






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






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






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






29. 2 categories of collaboration systems: __________ - structured/process






30. 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






31. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data






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






33. 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






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






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






36. 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






37. Posting periods in FF






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






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






40. A meta-language for describing markup languages






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






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






43. Request for quotation






44. 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






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






46. Price Variance. Maximum cash discount variance.






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






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






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






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