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. Sends work assignments through an e-mail system






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






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






4. 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






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






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






7. An outline agreement






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






9. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.






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






11. 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






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






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






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






15. Manages the transportation and storage of goods






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






17. 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






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






19. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






21. Price Variance. Maximum cash discount variance.






22. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.






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






24. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment






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






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






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






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






29. A meta-language for describing markup languages






30. 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






31. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.






32. 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






33. 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






34. Request for quotation






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






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






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






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






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






40. The primary reason for data warehousing is to _______________






41. 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






42. 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






43. 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.






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






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






46. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






49. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class






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