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. 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






2. Posting periods in FF






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






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






5. Supports team interactions






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






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






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






10. 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






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






12. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






14. The Advantages of XBRL: 1) business offers expanded financial info to all interest parties ___________ 2) companies using XBRP database technology can further speed the process of reports and 3) Consumers import XBRL documents into internal databases






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






16. Manages the transportation and storage of goods






17. 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.






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






19. A meta-language for describing markup languages






20. Track logistics movement of goods.






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






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






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






25. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






26. 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






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






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






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






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






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






32. 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






33. The types of contracts: Quantity Contract - ___________






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






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






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






37. 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.






38. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






41. The primary reason for data warehousing is to _______________






42. Request for quotation






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






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






45. 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






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






47. Price Variance. Maximum cash discount variance.






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






49. 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






50. 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