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






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






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






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






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






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






7. 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.






8. Price Variance. Maximum cash discount variance.






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






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






11. 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






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






13. 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






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






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






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






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






19. Posting periods in FF






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






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






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






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






24. The primary reason for data warehousing is to _______________






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






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






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






28. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






29. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






30. Request for quotation






31. 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






32. 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






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






34. Decision support tool for management critical tasks through analytical investigation of complex data associations - supplies management with real-time info - takes information and converts it to data to make useful






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






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






37. 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.






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






39. 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






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






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






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






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






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






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






46. 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






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






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






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