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






2. Participation in business processes - such as workflow






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






4. Posting periods in FF






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






6. Supports team interactions






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






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






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






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






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






12. Sends work assignments through an e-mail system






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






14. 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






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






16. 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






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






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






19. 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






20. 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






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






22. 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






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






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






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






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






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






28. 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






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






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






31. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






32. The types of contracts: Quantity Contract - ___________






33. 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






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






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






36. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






37. Price Variance. Maximum cash discount variance.






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






39. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method






40. 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






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






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






43. Request for quotation






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






45. The second largest ERP vendor






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






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






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






49. 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






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