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






2. The primary reason for data warehousing is to _______________






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






4. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






7. The second largest ERP vendor






8. 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






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






10. Request for quotation






11. 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.






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






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






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






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






16. An outline agreement






17. The types of contracts: Quantity Contract - ___________






18. Benefits of ERP: 1) ERPs employ proven best practices - 2) Enable _____________ 3) Improve information management including eliminating duplicative systems - providing on-line and real-time info - and facilitating intra- and inter-organizational comm






19. 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






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






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






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






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






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






25. 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






26. 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






27. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






28. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






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






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






33. 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






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






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






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






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






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






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






40. 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






41. Document exchange - shared whiteboards - discussion forums - email






42. Track logistics movement of goods.






43. Posting periods in FF






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






45. 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






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






47. A meta-language for describing markup languages






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






49. 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






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests