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






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






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






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






5. 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






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






7. Manages the transportation and storage of goods






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






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






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






12. 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






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






14. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






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






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






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






21. 2 categories of collaboration systems: __________ - structured/process






22. Participation in business processes - such as workflow






23. 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






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






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






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






27. Track logistics movement of goods.






28. 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






29. 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






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






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






32. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






33. Price Variance. Maximum cash discount variance.






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






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






36. 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






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






38. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data






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






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






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






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






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






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






45. 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.






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






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






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






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






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