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. An outline agreement






2. Request for quotation






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






4. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






7. 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






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






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






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






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






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






13. 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






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






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






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






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






18. Price Variance. Maximum cash discount variance.






19. 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






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






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






22. 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






23. The primary reason for data warehousing is to _______________






24. 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






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






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






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






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






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






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






31. Supports team interactions






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






33. Track logistics movement of goods.






34. 2 categories of collaboration systems: __________ - structured/process






35. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.






36. 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






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






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






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






40. 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






41. Participation in business processes - such as workflow






42. 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






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






44. Manages the transportation and storage of goods






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






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






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






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






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






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