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






2. 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






3. The second largest ERP vendor






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






5. Participation in business processes - such as workflow






6. Price Variance. Maximum cash discount variance.






7. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






9. Supports team interactions






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






11. 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






12. Track logistics movement of goods.






13. 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






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






15. 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






16. Request for quotation






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






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






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






20. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






22. Sends work assignments through an e-mail system






23. 2 categories of collaboration systems: __________ - structured/process






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






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






26. The primary reason for data warehousing is to _______________






27. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






28. Manages the transportation and storage of goods






29. 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






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






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






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






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






34. 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






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






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






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






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






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






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






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






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






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






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






45. 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






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






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






48. 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






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






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