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






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






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






4. 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






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






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






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






8. 2 categories of collaboration systems: __________ - structured/process






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






10. An outline agreement






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






12. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






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






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






16. 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






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






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






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






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






21. A meta-language for describing markup languages






22. 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






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






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






25. The primary reason for data warehousing is to _______________






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






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






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






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






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






31. 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






32. Posting periods in FF






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






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. 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






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






37. Participation in business processes - such as workflow






38. 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






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






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






41. Manages the transportation and storage of goods






42. 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






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






44. 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.






45. Sends work assignments through an e-mail system






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






47. 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






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






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






50. 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