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. Includes support for multicountry - multicurrency environments and wide scalability






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






3. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






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






7. 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.






8. 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






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






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






11. 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






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






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






14. 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






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






16. 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






17. 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






18. 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






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






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






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






22. The second largest ERP vendor






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






24. The types of contracts: Quantity Contract - ___________






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






26. 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






27. 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.






28. 2 categories of collaboration systems: __________ - structured/process






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






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






31. Participation in business processes - such as workflow






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






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






34. 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






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






36. 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






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






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






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






40. 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






41. 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






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






43. The primary reason for data warehousing is to _______________






44. 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






45. Track logistics movement of goods.






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






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






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






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






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