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






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






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






4. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






6. 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






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






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






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






10. Track logistics movement of goods.






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






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






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






14. 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






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






16. Participation in business processes - such as workflow






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






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






19. Request for quotation






20. 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.






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






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






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






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






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






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






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






28. 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






29. 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






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






31. 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






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






33. The types of contracts: Quantity Contract - ___________






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






35. Manages the transportation and storage of goods






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






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






38. 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






39. 2 categories of collaboration systems: __________ - structured/process






40. Supports team interactions






41. A meta-language for describing markup languages






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






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






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






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






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






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






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






49. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






50. 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