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






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






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






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






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. 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






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






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






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






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






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






13. 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






14. 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






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






16. The primary reason for data warehousing is to _______________






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






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






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






20. 2 categories of collaboration systems: __________ - structured/process






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






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






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






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






25. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






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






27. Participation in business processes - such as workflow






28. 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






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






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






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






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






33. 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






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






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. Posting periods in FF






37. Track logistics movement of goods.






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






39. 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






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






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






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






43. 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.






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






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






46. The types of contracts: Quantity Contract - ___________






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






48. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






49. 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






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