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. 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






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






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






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






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






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






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






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






9. Price Variance. Maximum cash discount variance.






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






11. A meta-language for describing markup languages






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






13. 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






14. 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






15. 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






16. The second largest ERP vendor






17. Track logistics movement of goods.






18. 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






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






20. 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.






21. 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






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






23. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






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






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






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






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






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






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






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






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






34. 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.






35. 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






36. 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






37. Sends work assignments through an e-mail system






38. Participation in business processes - such as workflow






39. An outline agreement






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






41. 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






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






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






44. The primary reason for data warehousing is to _______________






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






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






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






48. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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