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






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






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






4. A meta-language for describing markup languages






5. Request for quotation






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. The primary reason for data warehousing is to _______________






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






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






10. Supports team interactions






11. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






13. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






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






17. 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






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






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






20. 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






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






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






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






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






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






27. Price Variance. Maximum cash discount variance.






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






29. 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






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






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






32. 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






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






34. 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






35. 2 categories of collaboration systems: __________ - structured/process






36. 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






37. 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






38. 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






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






40. Track logistics movement of goods.






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






42. Manages the transportation and storage of goods






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






44. Participation in business processes - such as workflow






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






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






47. 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.






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






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






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