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. 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






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






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






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






5. 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






6. Manages the transportation and storage of goods






7. 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






8. 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






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






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






11. 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






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






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






14. An outline agreement






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






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






17. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






19. 2 categories of collaboration systems: __________ - structured/process






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






21. 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






22. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)






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






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






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






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






27. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






28. 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.






29. Request for quotation






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






31. 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






32. The primary reason for data warehousing is to _______________






33. 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






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






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






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






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






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






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






40. 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






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






42. 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






43. The types of contracts: Quantity Contract - ___________






44. The second largest ERP vendor






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






46. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)






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






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






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






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