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. Document exchange - shared whiteboards - discussion forums - email






2. Manages the transportation and storage of goods






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






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






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






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






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






8. The types of contracts: Quantity Contract - ___________






9. Participation in business processes - such as workflow






10. 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






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






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






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






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






15. 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






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. 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






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






19. Price Variance. Maximum cash discount variance.






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






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






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






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






25. Supports team interactions






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






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






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






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






30. 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






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






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






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






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






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






36. 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






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






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






39. 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.






40. 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






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






42. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






43. An outline agreement






44. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






47. 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






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






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






50. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans