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. Document exchange - shared whiteboards - discussion forums - email






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






4. 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






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






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






7. Posting periods in FF






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






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






10. 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






11. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






12. 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.






13. Sends work assignments through an e-mail system






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






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






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






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






18. 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






19. 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.






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






21. An outline agreement






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






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






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






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






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






28. 2 categories of collaboration systems: __________ - structured/process






29. 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






30. 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






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






32. The types of contracts: Quantity Contract - ___________






33. 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






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






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






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






37. 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






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






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






40. 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






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






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






43. Includes what management systems: document MS - digital asset MS - web content MS






44. The second largest ERP vendor






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






46. Price Variance. Maximum cash discount variance.






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






48. A meta-language for describing markup languages






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






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