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






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






3. 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






4. 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






5. 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.






6. 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






7. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






9. 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






10. 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






11. Request for quotation






12. 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






13. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






15. 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






16. Track logistics movement of goods.






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






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






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






20. Participation in business processes - such as workflow






21. Price Variance. Maximum cash discount variance.






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






23. Supports team interactions






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






25. A meta-language for describing markup languages






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






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






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






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






30. 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






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






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






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






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






35. 2 categories of collaboration systems: __________ - structured/process






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






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






38. Posting periods in FF






39. 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






40. An outline agreement






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






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






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






44. 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






45. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






49. 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






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