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 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






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






3. 2 categories of collaboration systems: __________ - structured/process






4. 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






5. Track logistics movement of goods.






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






7. 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






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






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






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






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






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






13. The types of contracts: Quantity Contract - ___________






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






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






16. 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






17. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






19. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






20. Manages the transportation and storage of goods






21. 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.






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






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






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






25. 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






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






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






29. 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






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






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






32. 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






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






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






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






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






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






38. 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






39. 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






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






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






42. The primary reason for data warehousing is to _______________






43. A meta-language for describing markup languages






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






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






46. The second largest ERP vendor






47. 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.






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






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






50. 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