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. Supports team interactions






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






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






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






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






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






8. Manages the transportation and storage of goods






9. 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






10. 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






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






12. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






14. 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






15. 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






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






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






18. Posting periods in FF






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






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






21. Participation in business processes - such as workflow






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






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






24. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






25. 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






26. Price Variance. Maximum cash discount variance.






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






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






29. Sends work assignments through an e-mail system






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






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






32. Request for quotation






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






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






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






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






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






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






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






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






41. An outline agreement






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






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






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






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






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






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






48. 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






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






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