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






2. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






3. Manages the transportation and storage of goods






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






5. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






6. 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






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






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






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






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






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






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






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






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






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






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






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






18. 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






19. 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






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






21. Price Variance. Maximum cash discount variance.






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






23. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






27. 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






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






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






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






31. 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






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






33. 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






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






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






36. 2 categories of collaboration systems: __________ - structured/process






37. 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.






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






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






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






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






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






43. Sends work assignments through an e-mail system






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






45. 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






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






47. 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






48. An outline agreement






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






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