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






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






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






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






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






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






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






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






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






10. 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






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






12. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






14. Participation in business processes - such as workflow






15. The second largest ERP vendor






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






17. Request for quotation






18. Posting periods in FF






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






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






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






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






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






24. 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






25. 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






26. Manages the transportation and storage of goods






27. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






29. Price Variance. Maximum cash discount variance.






30. Track logistics movement of goods.






31. The primary reason for data warehousing is to _______________






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






33. 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






34. 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






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






36. A meta-language for describing markup languages






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






38. 2 categories of collaboration systems: __________ - structured/process






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






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






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






42. 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.






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






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






45. 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






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






47. 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






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






49. 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






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