SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. 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
Tolerance group
Segregation of duties
Business Analysis Applications
Contracts
2. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Data warehouse
Posting periods
Automatic account assignments
Audit scope and timeframe
3. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Instance documents
Explicit knowledge
RFQ
Monthly rent expense
4. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Workflow management system
Proper business analysis
Oracle
Dozen
5. Tells whether a transaction is a debit or credit and what G/L account is associated.
Posting keys
Information partnership
XML (eXtensible Markup Language)
Monthly rent payment
6. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Taxonomy Creation
General ledger accounts
Internal business process
Online transaction processing (OLTP)
7. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
ERP PEOPLE
Phased-In Method of ERP Implementation
Vendor master records
Online analytical processing (OLAP
8. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Core ERP components
Custom made
Vendor master records
SAP R/3
9. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Unstructured collaboration
Core competency
Organizational standardization
Tacit knowledge
10. Enables organizations to clarify their vision and strategy and translate them into action
Balanced scorecard
Unstructured/information
Contracts
Automatic account assignments
11. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Shadowing
Plant level
Instantaneously
XBRL (eXtensible Business Reporting System)
12. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Monthly rent expense
Segregation of duties
Workflow
Taxonomy Creation
13. Document exchange - shared whiteboards - discussion forums - email
Custom made
XBRL (eXtensible Business Reporting System)
Enterprise Resource System (ERP) Software
Unstructured collaboration
14. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Taxonomy Creation
Enterprise Resource System (ERP) Software
Proper business analysis
Invoice receipt tolerances
15. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Custom made
Tolerance group
Hypertext
Instantaneously
16. he financial periods that are posted for reporting purposes - internal and external.
Structured collaboration
Material master records
Document unique
Posting periods
17. Track logistics movement of goods.
Automatic account assignments
Custom made
Business Analysis Applications
ERP TECHNOLOGY
18. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Valuation Grouping code
Data warehouse
Structured collaboration
Document types
19. 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
Oracle
Organizational standardization
Proper business analysis
ERP TECHNOLOGY
20. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Tacit knowledge
Instantaneously
Workflow
Knowledge management systems (KMS)
21. 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
CRM
Extended ERP components
Tolerance group
Invoice receipt tolerances
22. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Balanced scorecard
Proper business analysis
Default
ERP PROCESS
23. 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.
Proper business analysis
Vendor master records
Solid implementation plan
Payment terms
24. All the steps or business rules - from beginning to end - required for a business process
Workflow
CRM
Company code level
Information partnership
25. A _____ is needed to monitor the quality - objectives - and timelines
Plant level
Payment terms
Solid implementation plan
Information partnership
26. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
ERP PROCESS
Enterprise Resource System (ERP) Software
ERP PEOPLE
Instantaneously
27. A meta-language for describing markup languages
CRM
Groupware
Company code level
XML (eXtensible Markup Language)
28. 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
Core Applications
Peoplesoft
Monthly rent expense
Key Business Exposures
29. The second largest ERP vendor
Organizational standardization
Taxonomy Creation
Online analytical processing (OLAP
Oracle
30. 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
Unstructured/information
Payment terms
Social networking analysis
Dozen
31. 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
Database-based workflow system
Payment is too high or low
Enterprise Resource System (ERP) Software
Valuation Grouping code
32. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Purchasing tolerances
Plant level
Tolerance group
Vendor master records
33. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Contracts
Information partnership
3 way match
Purchasing tolerances
34. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
ERP PROCESS
3 way match
Segregation of duties
Workflow management system
35. A process of mapping a group's contacts to identify who knows whom and who works with whom
Social networking analysis
Elogistics
Internal control issues
CMS marketplace
36. The primary reason for data warehousing is to _______________
Plant level
Proper business analysis
Tolerance group
Optimize business performance
37. The global leader with 30 to 60% of the ERP market
Process insurance expense
SAP (Systems - Applications - and Products)
Phased-In Method of ERP Implementation
Vendor master records
38. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Peoplesoft
Data warehouse
RFQ
Key Business Exposures
39. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Unstructured collaboration
Contracts
Material master
Content management system
40. Request for quotation
Oracle
RFQ
Instance documents
SAP (Systems - Applications - and Products)
41. 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
Process insurance expense
Social networking analysis
Key Business Exposures
Content management system
42. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Internal business process
Process insurance expense
Tacit knowledge
Quotation
43. 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
Quotation
Big Bang Method of ERP implementation
Valuation Grouping code
Flexible configuration
44. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Monthly rent payment
Social networking analysis
Instance documents
Workflow
45. 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
CMS marketplace
Database-based workflow system
Document unique
CRM
46. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Enterprise Resource System (ERP) Software
Shadowing
CRM
SAP (Systems - Applications - and Products)
47. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Document numbers
Shadowing
Process insurance expense
XML (eXtensible Markup Language)
48. Facilitates the automation and management of business processes and controls the movement of work through the business process
XML (eXtensible Markup Language)
Workflow management system
Workflow
Valuation Grouping code
49. 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
Knowledge management
CRM
ERP TECHNOLOGY
Document principles
50. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Business Analysis Applications
Key Business Exposures
Data warehouse
Document types