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






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. 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






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






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






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






7. 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






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






9. 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






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






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






12. Posting periods in FF






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






14. 2 categories of collaboration systems: __________ - structured/process






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






16. Price Variance. Maximum cash discount variance.






17. 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






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






19. The types of contracts: Quantity Contract - ___________






20. Track logistics movement of goods.






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






22. 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






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






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






25. The second largest ERP vendor






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






27. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






28. 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.






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






30. The purpose of __________: Audit Trail. Determines the type of document it is.






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






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






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






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






35. 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






36. The primary reason for data warehousing is to _______________






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






38. Participation in business processes - such as workflow






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






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






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






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






43. 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






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






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






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






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






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






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