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. The second largest ERP vendor






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






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






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






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






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






7. 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






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






9. 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






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






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






12. 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






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






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






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






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






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






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






19. The types of contracts: Quantity Contract - ___________






20. The steps to completing the ___________ process: Agreement - invoice - payment.






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






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






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






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






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






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






27. 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






28. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






29. Sends work assignments through an e-mail system






30. 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.






31. 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






32. Participation in business processes - such as workflow






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






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






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






36. 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






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






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






39. 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






40. 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






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






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






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






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






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






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






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






48. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






50. 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