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






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






3. 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






4. 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






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






6. A meta-language for describing markup languages






7. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






8. Price Variance. Maximum cash discount variance.






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






10. Posting periods in FF






11. 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






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






13. Attempt by organizations to switch operations from their old legacy systems to a new system in a single event that implements the ERP across the entire company; more ambitious and risk than phased-in method






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






15. 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






16. Request for quotation






17. The global leader with 30 to 60% of the ERP market






18. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






21. 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






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






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






24. Participation in business processes - such as workflow






25. 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






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






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






28. An outline agreement






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






30. 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






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






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. Includes support for multicountry - multicurrency environments and wide scalability






34. 2 categories of collaboration systems: __________ - structured/process






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






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






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






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






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






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






41. Sends work assignments through an e-mail system






42. The types of contracts: Quantity Contract - ___________






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






44. Manages the transportation and storage of goods






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






46. 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






47. The second largest ERP vendor






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






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






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