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 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






2. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






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






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






7. Posting periods in FF






8. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






11. An outline agreement






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






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






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






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






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






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






18. 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






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






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






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






22. Sends work assignments through an e-mail system






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






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






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






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






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






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






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






30. 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






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






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






33. 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






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






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






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






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






38. 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






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






40. Price Variance. Maximum cash discount variance.






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






42. 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






43. 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






44. 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






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






46. Manages the transportation and storage of goods






47. 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.






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






49. 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.






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