Test your basic knowledge |

ERP: Enterprise Resource Planning

Subject : it-skills
  • Answer 50 questions in 15 minutes.
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  • Match each statement with the correct term.
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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 components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class

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

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

4. Supports team interactions

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

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

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

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

9. An outline agreement

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

11. Track logistics movement of goods.

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

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

14. The primary reason for data warehousing is to _______________

15. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.

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

17. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer

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

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

20. 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

21. The types of contracts: Quantity Contract - ___________

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. Manages the transportation and storage of goods

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

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

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

28. The second largest ERP vendor

29. 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

30. A meta-language for describing markup languages

31. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information

32. 2 categories of collaboration systems: __________ - structured/process

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

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

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

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

37. Participation in business processes - such as workflow

38. Request for quotation

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

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

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

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

43. 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

44. 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

45. 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

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

47. 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

48. Sends work assignments through an e-mail system

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

50. 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