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. 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






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






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






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






5. Participation in business processes - such as workflow






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






7. 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






8. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information






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






10. 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






11. An outline agreement






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






13. Track logistics movement of goods.






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






15. Supports team interactions






16. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






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






21. The second largest ERP vendor






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






23. 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






24. Posting periods in FF






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






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






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






28. 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






29. 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






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






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






32. 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.






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






34. 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






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






36. 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






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






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






39. 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






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






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






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






43. Price Variance. Maximum cash discount variance.






44. 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






45. The types of contracts: Quantity Contract - ___________






46. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






49. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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