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






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






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






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






5. 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






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






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






8. 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






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






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






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






12. Posting periods in FF






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






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






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






16. 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






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






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






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






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






21. Price Variance. Maximum cash discount variance.






22. Enables organizations to clarify their vision and strategy and translate them into action






23. 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






24. 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






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






26. 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






27. 2 categories of collaboration systems: __________ - structured/process






28. An outline agreement






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






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






31. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






32. A meta-language for describing markup languages






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






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






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






36. 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






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






38. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web






39. A _____ is needed to monitor the quality - objectives - and timelines






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






41. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






42. Supports team interactions






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






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






45. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






46. The second largest ERP vendor






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






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






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






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