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






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






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






4. 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






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






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






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






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






9. 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






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






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






12. 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






13. Supports team interactions






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






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






16. 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






17. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






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






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






22. 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.






23. 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






24. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






26. 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






27. Sends work assignments through an e-mail system






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






29. The primary reason for data warehousing is to _______________






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






31. An outline agreement






32. Track logistics movement of goods.






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






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






35. 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






36. Participation in business processes - such as workflow






37. 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






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






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






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






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






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






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






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






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






46. Manages the transportation and storage of goods






47. The second largest ERP vendor






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






49. The types of contracts: Quantity Contract - ___________






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