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. 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






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






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






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






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






6. Posting periods in FF






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






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






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






10. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.






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






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






13. Request for quotation






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






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






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






17. 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






18. 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






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






20. Manages the transportation and storage of goods






21. The types of contracts: Quantity Contract - ___________






22. Price Variance. Maximum cash discount variance.






23. 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






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






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






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






27. 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






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






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






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






31. 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.






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






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






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






35. A meta-language for describing markup languages






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






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






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






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






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






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






43. Participation in business processes - such as workflow






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






45. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






46. 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






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






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






49. 2 categories of collaboration systems: __________ - structured/process






50. Sends work assignments through an e-mail system