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 vendor master. This vendor be shared at ________






2. Sends work assignments through an e-mail system






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






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






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






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






7. 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.






8. 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






9. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






10. 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






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






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






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






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






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






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. The two main ERP applications: Core Applications and ___________






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






19. Posting periods in FF






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






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






22. 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






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






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






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






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






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






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






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






30. 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






31. The second largest ERP vendor






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






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






34. 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.






35. 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






36. 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






37. The primary reason for data warehousing is to _______________






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






39. Supports team interactions






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






41. 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






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






43. An outline agreement






44. 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






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






46. 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






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






48. Request for quotation






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






50. 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