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






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






3. A meta-language for describing markup languages






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






5. 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






6. Decision support tool for management critical tasks through analytical investigation of complex data associations - supplies management with real-time info - takes information and converts it to data to make useful






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






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






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






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






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






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






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






14. 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






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






16. Price Variance. Maximum cash discount variance.






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






18. 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






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






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






21. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






22. The types of contracts: Quantity Contract - ___________






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






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






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






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






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






28. 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






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






30. 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






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






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






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






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






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






36. Supports team interactions






37. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






38. 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.






39. An outline agreement






40. 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






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






42. 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






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






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






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






46. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






47. 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






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






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






50. 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