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






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






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






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






5. 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.






6. 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






7. 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






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






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






10. 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






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






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






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






14. 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






15. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






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






19. 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






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






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






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






23. 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






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






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






26. 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






27. Track logistics movement of goods.






28. To share _________: One person creates the G/L Account. - Everyone then creates it with the same number - while adding their company code data to it.






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






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






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






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






33. 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






34. 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






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






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






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






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






39. Sends work assignments through an e-mail system






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






41. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data






42. 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






43. A meta-language for describing markup languages






44. 2 categories of collaboration systems: __________ - structured/process






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






46. The second largest ERP vendor






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






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






49. 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






50. Supports team interactions