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. 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






2. Supports team interactions






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






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






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






6. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






7. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






10. 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.






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






12. 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






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






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






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






16. 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






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






19. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






20. 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






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






22. 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






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






24. 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






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






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






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






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






29. 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






30. An outline agreement






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






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






33. Participation in business processes - such as workflow






34. The primary reason for data warehousing is to _______________






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






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






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






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






39. Manages the transportation and storage of goods






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






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






42. 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






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






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






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






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






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






48. Request for quotation






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. Track logistics movement of goods.