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






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






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






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






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






6. 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






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






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






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






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






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






12. 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






13. 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






14. The primary reason for data warehousing is to _______________






15. Participation in business processes - such as workflow






16. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






17. A meta-language for describing markup languages






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






19. 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.






20. Sends work assignments through an e-mail system






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






22. 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






23. 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






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






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






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






27. 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






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






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






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






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






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






33. 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






34. 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






35. 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






36. Posting periods in FF






37. Track logistics movement of goods.






38. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






42. The types of contracts: Quantity Contract - ___________






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






44. 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






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






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






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






48. Request for quotation






49. Supports team interactions






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