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






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






3. Request for quotation






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






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






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






7. Participation in business processes - such as workflow






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






9. 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






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






11. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






13. 2 categories of collaboration systems: __________ - structured/process






14. Track logistics movement of goods.






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






16. 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






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






18. 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






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






20. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






23. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






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






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






28. Manages the transportation and storage of goods






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






30. A meta-language for describing markup languages






31. 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






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






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






34. 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






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






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






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






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






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






40. 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






41. The second largest ERP vendor






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






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






44. Supports team interactions






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






46. 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






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






48. 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






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






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