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






2. 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






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






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






5. Price Variance. Maximum cash discount variance.






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






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






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






9. 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






10. The types of contracts: Quantity Contract - ___________






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






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






13. Posting periods in FF






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






15. 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.






16. Track logistics movement of goods.






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






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






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






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






21. An outline agreement






22. 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






23. 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






24. Participation in business processes - such as workflow






25. 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






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






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






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






29. Manages the transportation and storage of goods






30. 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






31. 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






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






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






34. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______






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






36. The primary reason for data warehousing is to _______________






37. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer






38. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information






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






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






41. Request for quotation






42. 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






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. 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






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






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






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






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






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






50. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial