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






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






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






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






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






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






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






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






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






10. Supports team interactions






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






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






13. 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






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






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






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






17. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment






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






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






20. Request for quotation






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






22. The primary reason for data warehousing is to _______________






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






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






25. 2 categories of collaboration systems: __________ - structured/process






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






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






28. 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






29. 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






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






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






32. Participation in business processes - such as workflow






33. Sends work assignments through an e-mail system






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






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






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






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






38. 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






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






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






41. 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






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






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






44. 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






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






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






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






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






49. 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






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