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






2. Supports team interactions






3. 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






4. Price Variance. Maximum cash discount variance.






5. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






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






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






8. 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






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






10. The primary reason for data warehousing is to _______________






11. 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






12. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






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






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






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






17. An outline agreement






18. Posting periods in FF






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






20. 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






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






22. The second largest ERP vendor






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






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






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






26. 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






27. Manages the transportation and storage of goods






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






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






30. 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






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






32. Participation in business processes - such as workflow






33. 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.






34. 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






35. 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






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






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






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






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






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






41. The types of contracts: Quantity Contract - ___________






42. 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






43. 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






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






45. 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






46. Sends work assignments through an e-mail system






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






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






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






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