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. 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






2. 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






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






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






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






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






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






8. A meta-language for describing markup languages






9. 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






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






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






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






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






14. 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






15. 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






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






17. 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






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






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






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






21. An outline agreement






22. Price Variance. Maximum cash discount variance.






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






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






25. 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






26. 2 categories of collaboration systems: __________ - structured/process






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






28. The primary reason for data warehousing is to _______________






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






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






31. Track logistics movement of goods.






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






33. 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






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






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






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






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






38. Manages the transportation and storage of goods






39. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial






40. 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






41. Participation in business processes - such as workflow






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






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






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






45. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






46. 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






47. 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.






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






49. Supports team interactions






50. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______