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 two main ERP applications: Core Applications and ___________






2. Participation in business processes - such as workflow






3. The primary reason for data warehousing is to _______________






4. 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






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






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






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






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






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






10. 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






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






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






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






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






15. 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.






16. An outline agreement






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






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






19. 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






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






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






22. Price Variance. Maximum cash discount variance.






23. The second largest ERP vendor






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






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






26. Manages the transportation and storage of goods






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






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






29. 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






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






31. 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






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






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






34. 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






35. 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






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






37. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






40. 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






41. Tells whether a transaction is a debit or credit and what G/L account is associated.






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






43. 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






44. The types of contracts: Quantity Contract - ___________






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






46. Sends work assignments through an e-mail system






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






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






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






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