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






2. The second largest ERP vendor






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






4. Manages the transportation and storage of goods






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






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






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






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






9. The two main ERP applications: Core Applications and ___________






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






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






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






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






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






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






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






17. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






18. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






19. 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






20. 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






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






22. 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






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






24. 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






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






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






27. Supports team interactions






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






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






30. Price Variance. Maximum cash discount variance.






31. 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.






32. The primary reason for data warehousing is to _______________






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






34. Track logistics movement of goods.






35. The types of contracts: Quantity Contract - ___________






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






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






38. For what reasons might a company refuse payment of an invoice from a vendor: It might be refused because the _____________ - the quantity of the shipment is too high or too low - could be a damaged good - a wrong good - or may have arrived before or






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






40. 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






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






42. A meta-language for describing markup languages






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






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






45. 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






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






47. Posting periods in FF






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






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






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







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