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






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






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






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






5. The types of contracts: Quantity Contract - ___________






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






7. 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






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






9. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






13. 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






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






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






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






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






18. 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






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






20. The second largest ERP vendor






21. 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






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






24. Track logistics movement of goods.






25. Manages the transportation and storage of goods






26. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________






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






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






29. Three things make a _________: Document number. Fiscal Year. Company Code.






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






31. An outline agreement






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






33. 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






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






35. Participation in business processes - such as workflow






36. 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






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






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






39. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






40. Posting periods in FF






41. 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






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






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






44. 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.






45. 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






46. 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






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






48. 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






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






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