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 two main ERP applications: Core Applications and ___________






2. 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






3. Request for quotation






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






5. Manages the transportation and storage of goods






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






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






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






9. 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






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






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






12. Track logistics movement of goods.






13. A meta-language for describing markup languages






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






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






16. 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






17. 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






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






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






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






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






22. 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






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






24. 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






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






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






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






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






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






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






31. Supports team interactions






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






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






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






35. 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






36. 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






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






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






39. The significance of each of each number: EX: 2/18 net 45 2% cash discount if paid within 18 days - and full payment due within 45 days.






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






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






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






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






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






45. 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






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






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






48. Sends work assignments through an e-mail system






49. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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