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






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






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






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






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






6. An outline agreement






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






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






9. 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






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






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






12. 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






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






14. Track logistics movement of goods.






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






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






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






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






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






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






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






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






23. Participation in business processes - such as workflow






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






25. The primary reason for data warehousing is to _______________






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






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






28. Sends work assignments through an e-mail system






29. The second largest ERP vendor






30. 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






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






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






33. 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.






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






35. 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






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






37. A meta-language for describing markup languages






38. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web






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






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






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






42. Request for quotation






43. Posting periods in FF






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






45. 2 categories of collaboration systems: __________ - structured/process






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






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. 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






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






50. 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