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. Posting periods in FF






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






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






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






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






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






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






8. 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






9. Participation in business processes - such as workflow






10. A meta-language for describing markup languages






11. Sends work assignments through an e-mail system






12. Track logistics movement of goods.






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






14. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






16. 2 categories of collaboration systems: __________ - structured/process






17. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






20. 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






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






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






23. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






24. 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






25. Manages the transportation and storage of goods






26. 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






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






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






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






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






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






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






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






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






35. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments






36. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






37. 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






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






39. The types of contracts: Quantity Contract - ___________






40. 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.






41. The primary reason for data warehousing is to _______________






42. 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






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






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






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






46. Price Variance. Maximum cash discount variance.






47. Purchased by Oracle - Strength in HR management - Widely used in the federal government






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






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






50. 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