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. 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






2. A meta-language for describing markup languages






3. The types of contracts: Quantity Contract - ___________






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






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






6. 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






7. Supports team interactions






8. 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






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






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






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






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






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






14. The primary reason for data warehousing is to _______________






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






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






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






18. Track logistics movement of goods.






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






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






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






22. 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






23. 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






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






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






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






27. Participation in business processes - such as workflow






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






29. Manages the transportation and storage of goods






30. 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






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






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






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






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






35. 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






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






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






38. 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






39. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.






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






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






43. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






44. Posting periods in FF






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






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






47. Price Variance. Maximum cash discount variance.






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






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






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