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. Document exchange - shared whiteboards - discussion forums - email






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






3. The Advantages of XBRL: 1) business offers expanded financial info to all interest parties ___________ 2) companies using XBRP database technology can further speed the process of reports and 3) Consumers import XBRL documents into internal databases






4. The primary reason for data warehousing is to _______________






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






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






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






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






9. Posting periods in FF






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






11. 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






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






13. The second largest ERP vendor






14. 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






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






16. A meta-language for describing markup languages






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






18. 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






19. An outline agreement






20. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables






21. 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






22. 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






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






24. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






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






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






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






30. Request for quotation






31. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






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






35. 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






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






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






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






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






40. The types of contracts: Quantity Contract - ___________






41. Price Variance. Maximum cash discount variance.






42. 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






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






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






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






46. Manages the transportation and storage of goods






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






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






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






50. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial