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






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






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






4. 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






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






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






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






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






9. Track logistics movement of goods.






10. 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






11. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






13. 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






14. Request for quotation






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






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






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






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






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






20. 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






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






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






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






24. 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






25. An outline agreement






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






27. Sends work assignments through an e-mail system






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






29. 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






30. The primary reason for data warehousing is to _______________






31. 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






32. 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






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






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






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






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






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






38. 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






39. A meta-language for describing markup languages






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






41. 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.






42. 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






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






44. The second largest ERP vendor






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






46. 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.






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






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






49. Posting periods in FF






50. 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