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. Participation in business processes - such as workflow






2. Price Variance. Maximum cash discount variance.






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






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






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






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






7. 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






8. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web






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






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






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






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






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






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






15. 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






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






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






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






19. 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






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






21. Supports team interactions






22. Track logistics movement of goods.






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






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






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






26. 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






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






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






29. The types of contracts: Quantity Contract - ___________






30. 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






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






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






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






34. Request for quotation






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






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






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






38. The second largest ERP vendor






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






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






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






42. 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






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






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






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






46. 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






47. 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






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






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






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