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






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






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






4. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






6. The second largest ERP vendor






7. 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






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






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






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






11. 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






12. 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.






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






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






15. The primary reason for data warehousing is to _______________






16. Request for quotation






17. 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






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






19. Sends work assignments through an e-mail system






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






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






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






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






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






25. 2 categories of collaboration systems: __________ - structured/process






26. 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






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






28. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






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






32. 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






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






34. The types of contracts: Quantity Contract - ___________






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






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






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






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






39. 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






40. Track logistics movement of goods.






41. 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






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






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






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






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






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






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






48. Posting periods in FF






49. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






50. 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