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. 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






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






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






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






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






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






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. 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






9. 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






10. Participation in business processes - such as workflow






11. 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






12. 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.






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






14. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






16. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






17. The primary reason for data warehousing is to _______________






18. 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






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






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






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






22. 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






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






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






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






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






27. 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






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






29. A meta-language for describing markup languages






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






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






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






33. 2 categories of collaboration systems: __________ - structured/process






34. The second largest ERP vendor






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






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






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






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






39. Sends work assignments through an e-mail system






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






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






42. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






43. 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






44. An outline agreement






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






46. Posting periods in FF






47. Price Variance. Maximum cash discount variance.






48. Supports team interactions






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






50. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)