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






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






3. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






4. 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






5. 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






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






7. Supports team interactions






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






9. 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.






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






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






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






13. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






14. 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






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






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






17. Sends work assignments through an e-mail system






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






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






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






21. 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






22. 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






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






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






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






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






27. The primary reason for data warehousing is to _______________






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






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






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






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






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






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






34. Request for quotation






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






36. An outline agreement






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






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






39. 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.






40. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






42. 2 categories of collaboration systems: __________ - structured/process






43. 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






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






45. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






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






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






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