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






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






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






4. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






5. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






7. The second largest ERP vendor






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. Document exchange - shared whiteboards - discussion forums - email






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






12. 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






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






14. 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






15. Posting periods in FF






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






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






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






19. 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.






20. An outline agreement






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






22. 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






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






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






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






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






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






28. Supports team interactions






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






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






31. Manages the transportation and storage of goods






32. Price Variance. Maximum cash discount variance.






33. 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






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






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






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






37. 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






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






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






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






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






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






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






44. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






46. Participation in business processes - such as workflow






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






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