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






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






3. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






4. 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






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






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






7. The second largest ERP vendor






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






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






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






11. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class






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






13. 2 categories of collaboration systems: __________ - structured/process






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






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






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






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






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






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






20. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans






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






22. Request for quotation






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






24. 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






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






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






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






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






30. 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






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






32. 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






33. Track logistics movement of goods.






34. The primary reason for data warehousing is to _______________






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






37. Posting periods in FF






38. 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






39. A meta-language for describing markup languages






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






41. 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






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






43. 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






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






45. 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.






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






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






48. Manages the transportation and storage of goods






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






50. The types of contracts: Quantity Contract - ___________