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






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






4. 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






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






6. 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






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






8. Participation in business processes - such as workflow






9. Request for quotation






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






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






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






13. 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






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






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






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






17. A meta-language for describing markup languages






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






19. The second largest ERP vendor






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






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






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






23. 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






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






25. Price Variance. Maximum cash discount variance.






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






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






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






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






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






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






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






33. Sends work assignments through an e-mail system






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






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






36. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






39. 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






40. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






42. Posting periods in FF






43. The types of contracts: Quantity Contract - ___________






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






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






47. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






50. 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.