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. 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






2. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables






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






4. 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






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






6. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






7. 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






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






9. The primary reason for data warehousing is to _______________






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






11. 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






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






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






14. 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






15. Request for quotation






16. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






17. The two main ERP applications: Core Applications and ___________






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






19. 2 categories of collaboration systems: __________ - structured/process






20. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






23. The types of contracts: Quantity Contract - ___________






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






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






26. 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






27. Sends work assignments through an e-mail system






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






29. Supports team interactions






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






31. Participation in business processes - such as workflow






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






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






34. 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.






35. 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






36. Manages the transportation and storage of goods






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






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






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






40. Price Variance. Maximum cash discount variance.






41. 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






42. 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






43. 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






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






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






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






47. 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






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






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






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