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. 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






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. Request for quotation






5. 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






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






7. Track logistics movement of goods.






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






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






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






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






12. A meta-language for describing markup languages






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






14. 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






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






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






17. 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






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






19. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






20. Sends work assignments through an e-mail system






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






22. The types of contracts: Quantity Contract - ___________






23. 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






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






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






26. An outline agreement






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






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






29. 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






30. Supports team interactions






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






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






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






34. 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






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






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






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






38. 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.






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






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






41. 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






42. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






44. 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






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






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






47. Price Variance. Maximum cash discount variance.






48. Manages the transportation and storage of goods






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






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