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






2. Price Variance. Maximum cash discount variance.






3. 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






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






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






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






7. A meta-language for describing markup languages






8. 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






9. 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






10. 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






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






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






13. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






14. 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






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






16. 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.






17. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






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






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






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






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






24. 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






25. 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






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






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






28. Track logistics movement of goods.






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






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






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






32. The second largest ERP vendor






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






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






35. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






36. Posting periods in FF






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






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






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






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






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






42. 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






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






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






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






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






47. 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






48. The primary reason for data warehousing is to _______________






49. The types of contracts: Quantity Contract - ___________






50. 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