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






2. 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






3. 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






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






5. Sends work assignments through an e-mail system






6. A meta-language for describing markup languages






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






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






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






10. An outline agreement






11. 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






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






13. Track logistics movement of goods.






14. 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






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






16. 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






17. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






18. 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






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






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






21. Manages the transportation and storage of goods






22. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






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






27. Request for quotation






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






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






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






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






32. 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






33. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






34. The second largest ERP vendor






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






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






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






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






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






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






41. The primary reason for data warehousing is to _______________






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






43. 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






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






45. 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






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






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






48. 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






49. 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






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