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. 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






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






3. 2 categories of collaboration systems: __________ - structured/process






4. A meta-language for describing markup languages






5. Participation in business processes - such as workflow






6. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






8. 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






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






10. The types of contracts: Quantity Contract - ___________






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






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






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






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






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






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






17. Request for quotation






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






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






20. 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






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






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






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






24. The primary reason for data warehousing is to _______________






25. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






26. 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






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






28. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






31. Sends work assignments through an e-mail system






32. 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






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






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






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






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






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






38. The second largest ERP vendor






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






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






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






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






43. 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.






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






45. 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






46. 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






47. Supports team interactions






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






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






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