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. Includes support for multicountry - multicurrency environments and wide scalability






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






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






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






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






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






7. 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






8. 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






9. Posting periods in FF






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






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






12. 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






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






14. Track logistics movement of goods.






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






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






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






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






19. Participation in business processes - such as workflow






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






21. 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






22. The second largest ERP vendor






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






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






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






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






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






28. 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






29. 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






30. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






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






35. 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






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






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






38. 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






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






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






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






42. 2 categories of collaboration systems: __________ - structured/process






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






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






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






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






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






48. 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






49. 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






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests