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






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






3. Track logistics movement of goods.






4. The primary reason for data warehousing is to _______________






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






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






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






8. 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.






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






10. Request for quotation






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






12. Price Variance. Maximum cash discount variance.






13. 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






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






15. The types of contracts: Quantity Contract - ___________






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






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






18. 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






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






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






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






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






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. Document exchange - shared whiteboards - discussion forums - email






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






26. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






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






31. Posting periods in FF






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






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






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






35. 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






36. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






37. 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






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






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






40. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






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






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






45. The second largest ERP vendor






46. 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






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






48. 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.






49. An outline agreement






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







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