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






2. 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






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






4. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






7. 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.






8. The primary reason for data warehousing is to _______________






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






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






11. 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






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






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






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






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






16. The Advantages of XBRL: 1) business offers expanded financial info to all interest parties ___________ 2) companies using XBRP database technology can further speed the process of reports and 3) Consumers import XBRL documents into internal databases






17. 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






18. The second largest ERP vendor






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






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






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






22. Price Variance. Maximum cash discount variance.






23. The types of contracts: Quantity Contract - ___________






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






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






26. 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






27. 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






28. 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






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






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






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






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






33. 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.






34. Sends work assignments through an e-mail system






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






36. 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






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






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






39. 2 categories of collaboration systems: __________ - structured/process






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






41. Supports team interactions






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






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






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






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






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






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






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






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






50. 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