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Test your basic knowledge |
ERP: Enterprise Resource Planning
Start Test
Study First
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. The second largest ERP vendor
Core ERP components
CMS marketplace
Oracle
Key Business Exposures
2. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Database-based workflow system
Segregation of duties
Business Analysis Applications
Shadowing
3. Sends work assignments through an e-mail system
3 way match
Material master
XBRL (eXtensible Business Reporting System)
Messaging-based workflow system
4. 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
Core Applications
Business Analysis Applications
Core ERP components
Segregation of duties
5. Supports the work of teams by facilitating the sharing and flow of information
Business Analysis Applications
Elogistics
Instance documents
Collaboration system
6. The two main ERP applications: Core Applications and ___________
Plant level
Business Analysis Applications
ERP TECHNOLOGY
Peoplesoft
7. Document exchange - shared whiteboards - discussion forums - email
Database-based workflow system
Unstructured collaboration
Explicit knowledge
Purchasing tolerances
8. 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
Elogistics
Document types
ERP PROCESS
Key Business Exposures
9. 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.
Material master records
Data warehouse
Workflow management system
General ledger accounts
10. Three things make a _________: Document number. Fiscal Year. Company Code.
Messaging-based workflow system
Database-based workflow system
Tacit knowledge
Document unique
11. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Document numbers
Database-based workflow system
Monthly rent expense
Dozen
12. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Internal business process
Segregation of duties
Big Bang Method of ERP implementation
Document principles
13. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
ERP PEOPLE
Content management system
Peoplesoft
Unstructured/information
14. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Proper business analysis
Invoice receipt tolerances
Document principles
Enterprise Resource System (ERP) Software
15. An outline agreement
Contracts
Online analytical processing (OLAP
RFQ
Instantaneously
16. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Unstructured collaboration
Peoplesoft
Online transaction processing (OLTP)
General ledger accounts
17. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Messaging-based workflow system
Document numbers
Workflow management system
Document types
18. 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.
Posting keys
Automatic account assignments
Payment terms
ERP PROCESS
19. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
RFQ
13
Tacit knowledge
Workflow
20. The purpose of __________: Audit Trail. Determines the type of document it is.
3 way match
Database-based workflow system
Document numbers
Balanced scorecard
21. The steps to completing the ___________ process: Agreement - invoice - payment.
Flexible configuration
Monthly rent payment
Unstructured collaboration
XBRL (eXtensible Business Reporting System)
22. 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
Instantaneously
SAP (Systems - Applications - and Products)
Database-based workflow system
Vendor master records
23. Account and finance - production and materials management - human resource
Material master records
Oracle
Core ERP components
Material master
24. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Solid implementation plan
Online analytical processing (OLAP
Phased-In Method of ERP Implementation
Oracle
25. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Optimize business performance
Unstructured/information
Custom made
Quality Contract
26. 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
Data warehouse
ERP TECHNOLOGY
Online analytical processing (OLAP
CRM
27. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Knowledge management
ERP PEOPLE
RFQ
Document unique
28. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
Segregation of duties
Key Business Exposures
ERP PEOPLE
Invoice receipt tolerances
29. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Extended ERP components
Taxonomy Creation
Database-based workflow system
Default
30. The global leader with 30 to 60% of the ERP market
SAP (Systems - Applications - and Products)
Process insurance expense
Tolerance group
Messaging-based workflow system
31. 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
Key Business Exposures
Business Analysis Applications
Quality Contract
ERP TECHNOLOGY
32. 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
Default
Posting periods
3 way match
Invoice receipt tolerances
33. Participation in business processes - such as workflow
Optimize business performance
Purchasing tolerances
Custom made
Structured collaboration
34. Manages the transportation and storage of goods
Elogistics
Document principles
Unstructured/information
Oracle
35. Includes what management systems: document MS - digital asset MS - web content MS
Taxonomy Creation
Online transaction processing (OLTP)
Core Applications
CMS marketplace
36. Track logistics movement of goods.
Automatic account assignments
Quotation
Vendor master records
Procurement process
37. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Tacit knowledge
Taxonomy Creation
Elogistics
Process insurance expense
38. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
CRM
Organizational standardization
Internal business process
Online transaction processing (OLTP)
39. All the steps or business rules - from beginning to end - required for a business process
Posting periods
Workflow
Quotation
Core Applications
40. 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
RFQ
Solid implementation plan
Organizational standardization
Internal business process
41. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Procurement process
Online analytical processing (OLAP
SAP (Systems - Applications - and Products)
Purchasing tolerances
42. 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
Custom made
Peoplesoft
Payment is too high or low
Posting periods
43. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Explicit knowledge
Core ERP components
Data warehouse
Material master records
44. Posting periods in FF
13
SAP R/3
Material master
Collaboration system
45. 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
Dozen
Valuation Grouping code
Key Business Exposures
Knowledge management
46. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
CRM
SAP (Systems - Applications - and Products)
Dozen
Default
47. 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
Big Bang Method of ERP implementation
Document principles
Document types
Instantaneously
48. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Vendor master records
XML (eXtensible Markup Language)
Unstructured/information
Online transaction processing (OLTP)
49. Request for quotation
RFQ
Audit scope and timeframe
Quality Contract
Instantaneously
50. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
ERP PROCESS
Data warehouse
Quality Contract
Knowledge management systems (KMS)