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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. Tell us who is responsible for the document and when it was created.
Proper business analysis
SAP R/3
Document principles
Plant level
2. Includes what management systems: document MS - digital asset MS - web content MS
Contracts
Monthly rent payment
CMS marketplace
Monthly rent expense
3. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Unstructured collaboration
Custom made
Unstructured/information
CRM
4. 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
Tacit knowledge
13
Database-based workflow system
Unstructured/information
5. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Content management system
Solid implementation plan
Unstructured collaboration
Instance documents
6. Supports team interactions
Groupware
Automatic account assignments
Internal control issues
Internal business process
7. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Flexible configuration
Monthly rent expense
Content management system
Social networking analysis
8. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Payment terms
Purchasing tolerances
XBRL (eXtensible Business Reporting System)
Invoice receipt tolerances
9. 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
Online analytical processing (OLAP
Material master
Collaboration system
SAP R/3
10. The steps to completing the ___________ process: Agreement - invoice - payment.
Monthly rent payment
Valuation Grouping code
Hypertext
Proper business analysis
11. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Document unique
Workflow management system
Information partnership
Organizational standardization
12. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
XML (eXtensible Markup Language)
Social networking analysis
Material master records
Business Analysis Applications
13. Three things make a _________: Document number. Fiscal Year. Company Code.
Document unique
Content management system
Business Analysis Applications
SAP R/3
14. An outline agreement
Data warehouse
Default
Material master records
Contracts
15. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
3 way match
Default
Online transaction processing (OLTP)
SAP R/3
16. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Tolerance group
Invoice receipt tolerances
Valuation Grouping code
Document principles
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
Automatic account assignments
Elogistics
Invoice receipt tolerances
Business Analysis Applications
18. 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.
General ledger accounts
Phased-In Method of ERP Implementation
Tacit knowledge
Social networking analysis
19. Manages the transportation and storage of goods
Elogistics
RFQ
Extended ERP components
General ledger accounts
20. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Tacit knowledge
Phased-In Method of ERP Implementation
Elogistics
Material master records
21. 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
Key Business Exposures
Big Bang Method of ERP implementation
Messaging-based workflow system
Company code level
22. The two main ERP applications: Core Applications and ___________
Business Analysis Applications
ERP TECHNOLOGY
Core ERP components
Elogistics
23. 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
Material master
Proper business analysis
Shadowing
Invoice receipt tolerances
24. Document exchange - shared whiteboards - discussion forums - email
Unstructured collaboration
Monthly rent payment
Instance documents
Information partnership
25. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Core competency
Oracle
Internal business process
Phased-In Method of ERP Implementation
26. The primary reason for data warehousing is to _______________
ERP PROCESS
General ledger accounts
Posting keys
Optimize business performance
27. Anything that can be documented - archived - and codified - often with the help of IT
Explicit knowledge
Optimize business performance
Posting keys
Company code level
28. A _____ is needed to monitor the quality - objectives - and timelines
Solid implementation plan
Company code level
Data warehouse
Core Applications
29. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Peoplesoft
Online transaction processing (OLTP)
Enterprise Resource System (ERP) Software
CMS marketplace
30. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Payment is too high or low
Process insurance expense
Tolerance group
Quotation
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
Payment terms
Monthly rent payment
Internal business process
Payment is too high or low
32. 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
Social networking analysis
Structured collaboration
Key Business Exposures
33. Supports the work of teams by facilitating the sharing and flow of information
Posting keys
Instantaneously
Collaboration system
Business Analysis Applications
34. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
CRM
Messaging-based workflow system
Groupware
Automatic account assignments
35. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Custom made
Peoplesoft
Knowledge management systems (KMS)
3 way match
36. 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
General ledger accounts
Valuation Grouping code
Enterprise Resource System (ERP) Software
Internal control issues
37. The global leader with 30 to 60% of the ERP market
SAP (Systems - Applications - and Products)
Content management system
ERP PROCESS
Knowledge management
38. 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
Solid implementation plan
Segregation of duties
ERP PEOPLE
CMS marketplace
39. usiness intelligence - CRM - SCM - e-business
Balanced scorecard
Tolerance group
Extended ERP components
Online transaction processing (OLTP)
40. 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
Custom made
Automatic account assignments
Instantaneously
General ledger accounts
41. Enables organizations to clarify their vision and strategy and translate them into action
RFQ
Balanced scorecard
Quotation
Valuation Grouping code
42. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Custom made
Balanced scorecard
Taxonomy Creation
Tacit knowledge
43. You have created a vendor master. This vendor be shared at ________
3 way match
Material master records
Company code level
Internal control issues
44. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Optimize business performance
Enterprise Resource System (ERP) Software
Default
Elogistics
45. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Content management system
Tolerance group
Instance documents
Messaging-based workflow system
46. A process of mapping a group's contacts to identify who knows whom and who works with whom
Unstructured collaboration
Flexible configuration
Social networking analysis
General ledger accounts
47. Price Variance. Maximum cash discount variance.
13
Document numbers
Tacit knowledge
Purchasing tolerances
48. 2 categories of collaboration systems: __________ - structured/process
Knowledge management
Document unique
Elogistics
Unstructured/information
49. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Online transaction processing (OLTP)
Tolerance group
Business Analysis Applications
Database-based workflow system
50. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Document types
CRM
Core Applications
ERP PEOPLE