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






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






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






4. 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






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






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






7. Sends work assignments through an e-mail system






8. 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






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






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






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






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






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






14. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






15. An outline agreement






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






17. 2 categories of collaboration systems: __________ - structured/process






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






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






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






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






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






23. 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






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






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






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






27. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






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






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






32. Track logistics movement of goods.






33. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






36. 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.






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






38. 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






39. Supports team interactions






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






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






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






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






44. 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






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






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






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






48. 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






49. The types of contracts: Quantity Contract - ___________






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