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






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






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






5. 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






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






7. 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






8. 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






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






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






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






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






13. 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.






14. 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






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






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






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






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






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






20. 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






21. The types of contracts: Quantity Contract - ___________






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






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






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






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






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






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






28. 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






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






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






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






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






33. Track logistics movement of goods.






34. The second largest ERP vendor






35. An outline agreement






36. Sends work assignments through an e-mail system






37. Supports team interactions






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






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






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






42. 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






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






44. 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






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






46. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






47. 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






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






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






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