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. The primary reason for data warehousing is to _______________






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






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






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






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






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






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






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






10. Manages the transportation and storage of goods






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






12. 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






13. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






16. Supports team interactions






17. Request for quotation






18. Price Variance. Maximum cash discount variance.






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






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






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






22. 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






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






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






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






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






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






28. Posting periods in FF






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






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






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






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






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






34. The second largest ERP vendor






35. 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






36. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






38. 2 categories of collaboration systems: __________ - structured/process






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






40. 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






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






42. 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






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






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






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






46. 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






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






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






49. The types of contracts: Quantity Contract - ___________






50. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans