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. usiness intelligence - CRM - SCM - e-business






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






3. 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






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






5. 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






6. 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






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






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






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






10. 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






11. Request for quotation






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






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






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






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






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






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






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






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






20. 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






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






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






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






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






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






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






27. The primary reason for data warehousing is to _______________






28. Track logistics movement of goods.






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






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






31. Manages the transportation and storage of goods






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






33. 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






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






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






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






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






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






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






40. 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






41. The types of contracts: Quantity Contract - ___________






42. The second largest ERP vendor






43. 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.






44. Participation in business processes - such as workflow






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






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






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






48. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






49. 2 categories of collaboration systems: __________ - structured/process






50. An outline agreement