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. The second largest ERP vendor






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






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






5. 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






6. 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






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






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






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






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






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






12. 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.






13. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






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






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






18. 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






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






20. 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






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






22. Request for quotation






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






24. 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






25. Manages the transportation and storage of goods






26. 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






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






28. 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.






29. Participation in business processes - such as workflow






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






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






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






33. 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






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






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






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






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






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






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






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






41. 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






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






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






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






45. 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






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






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






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






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






50. The types of contracts: Quantity Contract - ___________







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Can you answer 50 questions in 15 minutes?


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