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






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






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






4. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables






5. 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






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






7. 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.






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






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






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






11. Posting periods in FF






12. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions






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






14. Manages the transportation and storage of goods






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






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






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






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






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






20. An outline agreement






21. 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






22. Sends work assignments through an e-mail system






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






24. The steps to completing the ___________ process: Agreement - invoice - payment.






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






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






27. The types of contracts: Quantity Contract - ___________






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






29. Request for quotation






30. Price Variance. Maximum cash discount variance.






31. 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






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






33. Track logistics movement of goods.






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






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






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






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






38. 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






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






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






41. The second largest ERP vendor






42. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






45. Supports team interactions






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






47. 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






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






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






50. 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







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Can you answer 50 questions in 15 minutes?


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