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. The second largest ERP vendor






2. Request for quotation






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






4. 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






5. 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






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






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






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






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






10. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






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






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






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






16. Track logistics movement of goods.






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






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






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






20. 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






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






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






23. The primary reason for data warehousing is to _______________






24. 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.






25. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






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






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






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






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






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






33. 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






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






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






36. 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






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






38. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.






39. Posting periods in FF






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






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






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






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






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






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






46. A meta-language for describing markup languages






47. Manages the transportation and storage of goods






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. 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






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