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






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






3. Sends work assignments through an e-mail system






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






5. The primary reason for data warehousing is to _______________






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






7. 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.






8. Participation in business processes - such as workflow






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






10. 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






11. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






12. 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






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






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






15. 2 categories of collaboration systems: __________ - structured/process






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






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






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






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






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






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






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






23. Price Variance. Maximum cash discount variance.






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






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






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






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






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






29. Posting periods in FF






30. Manages the transportation and storage of goods






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






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






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






34. An outline agreement






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






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






37. 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






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






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






40. 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






41. Track logistics movement of goods.






42. A meta-language for describing markup languages






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






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






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






46. Document exchange - shared whiteboards - discussion forums - email






47. Supports team interactions






48. 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






49. 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.






50. 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