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






2. 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






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






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






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






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






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






8. The primary reason for data warehousing is to _______________






9. 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






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






11. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






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






15. 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






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






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






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






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






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






21. 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.






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






23. 2 categories of collaboration systems: __________ - structured/process






24. Posting periods in FF






25. 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






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






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






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






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






30. 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






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






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






33. Manages the transportation and storage of goods






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






35. 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






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






37. 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






38. 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






39. Price Variance. Maximum cash discount variance.






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






41. An outline agreement






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






43. 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






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






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






46. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






47. 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






48. A meta-language for describing markup languages






49. 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






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