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






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






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






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






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






6. 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






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






8. Supports team interactions






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






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






11. 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






12. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






14. A meta-language for describing markup languages






15. 2 categories of collaboration systems: __________ - structured/process






16. 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






17. 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






18. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)






19. Posting periods in FF






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






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






22. 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






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






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






25. 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






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






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






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






29. Participation in business processes - such as workflow






30. 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






31. You have created a material master. This material be shared at _________






32. 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






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






34. 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






35. The second largest ERP vendor






36. Track logistics movement of goods.






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






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






39. The primary reason for data warehousing is to _______________






40. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






41. 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.






42. 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






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






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






45. Manages the transportation and storage of goods






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






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






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






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






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