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






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






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






4. Sends work assignments through an e-mail system






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






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






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






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






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






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






11. Request for quotation






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






13. Price Variance. Maximum cash discount variance.






14. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






15. 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






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






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






18. 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






19. 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






20. Posting periods in FF






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






22. 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






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






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






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






26. The second largest ERP vendor






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






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






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






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






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






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






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






34. A meta-language for describing markup languages






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






36. 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.






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






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






39. Track logistics movement of goods.






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






41. The types of contracts: Quantity Contract - ___________






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






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






44. 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






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






46. 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






47. 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






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






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






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







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