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






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






3. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






4. 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






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






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






7. Sends work assignments through an e-mail system






8. The second largest ERP vendor






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






10. 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






11. An outline agreement






12. 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






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






14. 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






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






16. 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






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






18. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






20. 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.






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






22. The primary reason for data warehousing is to _______________






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






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






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






26. 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






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






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






29. 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






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






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






32. Manages the transportation and storage of goods






33. A meta-language for describing markup languages






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






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






36. The types of contracts: Quantity Contract - ___________






37. 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






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






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






40. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






41. Participation in business processes - such as workflow






42. 2 categories of collaboration systems: __________ - structured/process






43. 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






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






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






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






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






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






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






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