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






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






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






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






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






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






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






8. 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






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






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






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






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






13. 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






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






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






16. The primary reason for data warehousing is to _______________






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






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






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






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






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






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






23. Posting periods in FF






24. 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






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






26. 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






27. 2 categories of collaboration systems: __________ - structured/process






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






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






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






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






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






33. Price Variance. Maximum cash discount variance.






34. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment






35. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






37. The second largest ERP vendor






38. Supports team interactions






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






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






41. 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






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






43. 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






44. 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






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






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






47. 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






48. Request for quotation






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






50. The types of contracts: Quantity Contract - ___________