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






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






3. Posting periods in FF






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






5. Request for quotation






6. 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






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






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






9. 2 categories of collaboration systems: __________ - structured/process






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






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






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






13. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






15. Manages the transportation and storage of goods






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






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






18. An outline agreement






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






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






21. A meta-language for describing markup languages






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






23. 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






24. Price Variance. Maximum cash discount variance.






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






26. Track logistics movement of goods.






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






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






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






30. 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






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






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






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






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






35. 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






36. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)






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






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






39. Sends work assignments through an e-mail system






40. 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






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






42. 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






43. 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






44. The types of contracts: Quantity Contract - ___________






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






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






47. 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






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






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






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