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. 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






2. 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






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






4. 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






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






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






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






8. 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.






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






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






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






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






13. A meta-language for describing markup languages






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. 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






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






17. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






18. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data






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






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






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






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






23. 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






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






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






26. 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






27. An outline agreement






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






29. Track logistics movement of goods.






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






31. The second largest ERP vendor






32. 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






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






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






35. Request for quotation






36. 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.






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






38. 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






39. The primary reason for data warehousing is to _______________






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






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






42. 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






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






44. Price Variance. Maximum cash discount variance.






45. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






47. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






49. Posting periods in FF






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