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






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






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






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






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. The second largest ERP vendor






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






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






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






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






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






12. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






13. 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






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






15. Stores documents in a central location and automatically asks the team members to access the document when it is their turn to edit the document






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






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






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






19. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






22. 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






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






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






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






26. 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






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






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






29. Track logistics movement of goods.






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






31. The types of contracts: Quantity Contract - ___________






32. Purchased by Oracle - Strength in HR management - Widely used in the federal government






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






34. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






35. Posting periods in FF






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






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






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






39. 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






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






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






42. Supports team interactions






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. 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. A meta-language for describing markup languages






46. 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






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






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






49. Manages the transportation and storage of goods






50. 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