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






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






3. 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.






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






5. The primary reason for data warehousing is to _______________






6. Sends work assignments through an e-mail system






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






9. 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






10. The second largest ERP vendor






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






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






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






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






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






16. 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






17. 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






18. 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.






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






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






21. 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






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






23. Request for quotation






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






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






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






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






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






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






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






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






32. 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






33. The types of contracts: Quantity Contract - ___________






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






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






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






37. 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






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






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






40. Price Variance. Maximum cash discount variance.






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






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






43. Supports team interactions






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






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






46. Manages the transportation and storage of goods






47. Participation in business processes - such as workflow






48. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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