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. Includes support for multicountry - multicurrency environments and wide scalability






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






3. 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






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






5. 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






6. 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






7. Request for quotation






8. An outline agreement






9. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






12. Participation in business processes - such as workflow






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






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






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






17. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






19. Supports team interactions






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






21. 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






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






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






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






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






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






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






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






29. Manages the transportation and storage of goods






30. Price Variance. Maximum cash discount variance.






31. The types of contracts: Quantity Contract - ___________






32. 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






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






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






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






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






37. 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






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






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






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






41. 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






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






43. 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






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






45. 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






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






47. The primary reason for data warehousing is to _______________






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






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






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