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






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






3. Posting periods in FF






4. 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






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. Supports team interactions






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






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






9. 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






10. 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






11. 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






12. 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






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






14. 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






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






16. 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.






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






18. 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






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






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






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






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






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






25. 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






26. Request for quotation






27. Sends work assignments through an e-mail system






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






29. An outline agreement






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






31. 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






32. Price Variance. Maximum cash discount variance.






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






34. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






37. Track logistics movement of goods.






38. A meta-language for describing markup languages






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






40. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






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






44. 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






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






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






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






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






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






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