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. 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






2. 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






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






4. 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






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






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






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






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






9. 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






10. 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.






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






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






13. Request for quotation






14. An outline agreement






15. 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






16. 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






17. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






19. 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






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






21. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






23. 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.






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






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






26. 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






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






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






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






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






31. Tells whether a transaction is a debit or credit and what G/L account is associated.






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






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






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






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






36. Supports team interactions






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






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






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






40. 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






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






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






43. 2 categories of collaboration systems: __________ - structured/process






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






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






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






47. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






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