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. usiness intelligence - CRM - SCM - e-business






2. Request for quotation






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






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






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






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






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






8. 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






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






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






11. 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






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






13. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






15. 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






16. An outline agreement






17. 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






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






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






20. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






23. Participation in business processes - such as workflow






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






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






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






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. Price Variance. Maximum cash discount variance.






29. 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






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






31. 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






32. 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






33. A meta-language for describing markup languages






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






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






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






37. 2 categories of collaboration systems: __________ - structured/process






38. 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






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






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






41. The second largest ERP vendor






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






43. Sends work assignments through an e-mail system






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






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






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






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






48. 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






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






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