Test your basic knowledge |

ERP: Enterprise Resource Planning

Subject : it-skills
  • 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. Account and finance - production and materials management - human resource

2. Track logistics movement of goods.

3. 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

4. Sends work assignments through an e-mail system

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

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

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

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

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

10. Tells whether a transaction is a debit or credit and what G/L account is associated.

11. 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

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

14. 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

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

16. 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

17. 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

18. The second largest ERP vendor

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

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

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

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

23. 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

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

25. The types of contracts: Quantity Contract - ___________

26. 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

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

28. Request for quotation

29. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer

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

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

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

33. 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

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

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

36. Participation in business processes - such as workflow

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

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

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

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

41. 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

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

43. 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

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

45. Supports team interactions

46. 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.

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

48. Posting periods in FF

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

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