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. 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






2. The second largest ERP vendor






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






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






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






6. The types of contracts: Quantity Contract - ___________






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






8. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






10. Tells whether a transaction is a debit or credit and what G/L account is associated.






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






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






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






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






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






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






17. 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






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






19. 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






20. Benefits of ERP: 1) ERPs employ proven best practices - 2) Enable _____________ 3) Improve information management including eliminating duplicative systems - providing on-line and real-time info - and facilitating intra- and inter-organizational comm






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






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






23. 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






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






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






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






27. 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






28. Request for quotation






29. 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






30. 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






31. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






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






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






35. Participation in business processes - such as workflow






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






37. Price Variance. Maximum cash discount variance.






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






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






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






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






42. 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






43. Includes support for multicountry - multicurrency environments and wide scalability






44. Supports team interactions






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






46. 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






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






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






49. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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