Test your basic knowledge |

ERP: Enterprise Resource Planning

Subject : it-skills
  • 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. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables

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

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

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

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

6. Participation in business processes - such as workflow

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

8. 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.

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

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

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

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

13. 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

14. 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

15. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial

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

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

18. 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

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

20. The types of contracts: Quantity Contract - ___________

21. 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.

22. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention

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

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

25. 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

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

27. Manages the transportation and storage of goods

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

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

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

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

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

33. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions

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

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

36. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer

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

38. 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

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

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

41. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans

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

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

44. 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

45. 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

46. Request for quotation

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

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

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

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