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 types of contracts: Quantity Contract - ___________






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






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






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






5. Sends work assignments through an e-mail system






6. The primary reason for data warehousing is to _______________






7. An outline agreement






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






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






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






12. 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






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






14. Request for quotation






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






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






17. 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






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






19. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






22. 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






23. 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.






24. 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.






25. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






27. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






30. Supports team interactions






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






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






33. Track logistics movement of goods.






34. The second largest ERP vendor






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






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






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






38. 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






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






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






41. 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






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






43. 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






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






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






46. 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






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






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






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






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