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






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






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






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






5. The primary reason for data warehousing is to _______________






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






7. Price Variance. Maximum cash discount variance.






8. Supports team interactions






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






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






11. 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.






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






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






14. 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






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






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






17. A meta-language for describing markup languages






18. 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






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






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






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






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






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






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






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






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






28. 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






29. 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






30. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.






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






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






33. The types of contracts: Quantity Contract - ___________






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






35. Track logistics movement of goods.






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






37. Manages the transportation and storage of goods






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






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






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






42. Request for quotation






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






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






45. 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






46. 2 categories of collaboration systems: __________ - structured/process






47. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






49. 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






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