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. A meta-language for describing markup languages






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






3. 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






4. Supports team interactions






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






6. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






9. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






10. 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.






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






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






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






14. 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






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






16. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving






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






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






19. Track logistics movement of goods.






20. The second largest ERP vendor






21. Request for quotation






22. 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






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






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






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






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






27. 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






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






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






30. Manages the transportation and storage of goods






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






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






33. The primary reason for data warehousing is to _______________






34. 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






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






36. 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






37. Price Variance. Maximum cash discount variance.






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. Sends work assignments through an e-mail system






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






41. 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






42. 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






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






44. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






45. 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






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






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






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






49. Enterprise resource planning tool used to supply management with real time information. it also permits timely decisions that are needed to improve performance and achieve a competitive advantage






50. 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.







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