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






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






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






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






5. 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






6. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






7. Participation in business processes - such as workflow






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






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






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






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






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






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






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






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






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






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






18. An outline agreement






19. 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






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






21. Manages the transportation and storage of goods






22. 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






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






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






25. 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






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






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






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






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






30. The types of contracts: Quantity Contract - ___________






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






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






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






35. Document exchange - shared whiteboards - discussion forums - email






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






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






39. Posting periods in FF






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






41. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






44. 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






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






46. 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






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






48. A meta-language for describing markup languages






49. 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






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