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 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






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






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






4. Benefits of ERP: 1) ERPs employ proven best practices - 2) Enable _____________ 3) Improve information management including eliminating duplicative systems - providing on-line and real-time info - and facilitating intra- and inter-organizational comm






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






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






7. Request for quotation






8. An outline agreement






9. 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






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






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






12. 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






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






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






15. 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






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






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






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






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






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






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






23. A meta-language for describing markup languages






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






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. Stores documents in a central location and automatically asks the team members to access the document when it is their turn to edit the document






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






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






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






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






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






33. 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.






34. 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






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






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






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






38. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






39. The types of contracts: Quantity Contract - ___________






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






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






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






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






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






45. The primary reason for data warehousing is to _______________






46. 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






47. 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






48. 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






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






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