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. Document exchange - shared whiteboards - discussion forums - email






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






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






4. Sends work assignments through an e-mail system






5. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






6. Track logistics movement of goods.






7. Manages the transportation and storage of goods






8. 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






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






10. The primary reason for data warehousing is to _______________






11. 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






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






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






14. 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






15. 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






16. Price Variance. Maximum cash discount variance.






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






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






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






20. 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.






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






22. 2 categories of collaboration systems: __________ - structured/process






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






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






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






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






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






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






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






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






31. The second largest ERP vendor






32. 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






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






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






35. The types of contracts: Quantity Contract - ___________






36. An outline agreement






37. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






40. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






43. 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






44. 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






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






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






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






48. Participation in business processes - such as workflow






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






50. 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