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






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






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






4. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






5. 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






6. 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






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






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






9. Tell us who is responsible for the document and when it was created.






10. Supports team interactions






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






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






13. Request for quotation






14. 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






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






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






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






18. An outline agreement






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






20. Track logistics movement of goods.






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






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






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






24. Manages the transportation and storage of goods






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






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






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






28. The primary reason for data warehousing is to _______________






29. 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






30. 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.






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






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






33. 2 categories of collaboration systems: __________ - structured/process






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






35. 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.






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






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






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






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






40. 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






41. Sends work assignments through an e-mail system






42. A meta-language for describing markup languages






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






45. 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






46. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






49. Price Variance. Maximum cash discount variance.






50. 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