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






2. 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






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






4. Track logistics movement of goods.






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






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






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






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






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






10. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






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






14. Manages the transportation and storage of goods






15. The second largest ERP vendor






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






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






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






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






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






21. 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






22. 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






23. 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






24. An outline agreement






25. 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






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






27. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






28. 2 categories of collaboration systems: __________ - structured/process






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






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






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






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






34. Supports team interactions






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






36. The primary reason for data warehousing is to _______________






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






38. The types of contracts: Quantity Contract - ___________






39. 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






40. 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






41. Participation in business processes - such as workflow






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






43. 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






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






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






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






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






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






49. Sends work assignments through an e-mail system






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