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






2. 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






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






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






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






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






7. The primary reason for data warehousing is to _______________






8. 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






9. An outline agreement






10. Manages the transportation and storage of goods






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






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






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






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






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






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






17. 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






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






19. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






22. 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






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






24. 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






25. 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.






26. 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






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






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






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






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






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






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






33. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






34. 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






35. Supports team interactions






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






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






38. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment






39. Price Variance. Maximum cash discount variance.






40. 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






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






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






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






44. 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






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






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






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






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






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






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