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






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






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






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






5. An outline agreement






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






7. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






8. The primary reason for data warehousing is to _______________






9. 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






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






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






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






13. 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






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






15. 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






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






17. A meta-language for describing markup languages






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






19. 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






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






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






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






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






24. Posting periods in FF






25. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






27. All the steps or business rules - from beginning to end - required for a business process






28. 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






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






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






31. Track logistics movement of goods.






32. 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






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






34. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






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






38. Supports team interactions






39. Participation in business processes - such as workflow






40. 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






41. The second largest ERP vendor






42. Manages the transportation and storage of goods






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






44. 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






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






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






47. Request for quotation






48. The types of contracts: Quantity Contract - ___________






49. 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






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