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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
Hypertext
Database-based workflow system
Optimize business performance
Oracle
2. 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
Instantaneously
RFQ
Segregation of duties
Social networking analysis
3. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Structured collaboration
Tacit knowledge
XML (eXtensible Markup Language)
Document numbers
4. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
3 way match
ERP PROCESS
Messaging-based workflow system
Automatic account assignments
5. 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
Key Business Exposures
Peoplesoft
Phased-In Method of ERP Implementation
Flexible configuration
6. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Tacit knowledge
Knowledge management
Procurement process
Tolerance group
7. Three things make a _________: Document number. Fiscal Year. Company Code.
XML (eXtensible Markup Language)
Document principles
Document unique
Enterprise Resource System (ERP) Software
8. The global leader with 30 to 60% of the ERP market
Business Analysis Applications
Default
SAP (Systems - Applications - and Products)
Posting periods
9. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Core ERP components
Proper business analysis
Elogistics
SAP (Systems - Applications - and Products)
10. 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
Process insurance expense
Tolerance group
Monthly rent expense
Big Bang Method of ERP implementation
11. 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
Messaging-based workflow system
Payment is too high or low
Optimize business performance
Business Analysis Applications
12. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Custom made
Monthly rent expense
Data warehouse
Material master
13. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
General ledger accounts
ERP PEOPLE
Social networking analysis
Business Analysis Applications
14. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Segregation of duties
Automatic account assignments
Instantaneously
Taxonomy Creation
15. 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
Business Analysis Applications
Organizational standardization
Tacit knowledge
Phased-In Method of ERP Implementation
16. A _____ is needed to monitor the quality - objectives - and timelines
Unstructured/information
Payment terms
Oracle
Solid implementation plan
17. The two main ERP applications: Core Applications and ___________
ERP PEOPLE
Core ERP components
Posting periods
Business Analysis Applications
18. Supports team interactions
Tolerance group
Dozen
Groupware
Tacit knowledge
19. 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
XML (eXtensible Markup Language)
Structured collaboration
Database-based workflow system
Unstructured/information
20. 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.
Quality Contract
Knowledge management
General ledger accounts
Material master records
21. usiness intelligence - CRM - SCM - e-business
Extended ERP components
Oracle
Internal control issues
Procurement process
22. Supports the work of teams by facilitating the sharing and flow of information
Invoice receipt tolerances
Custom made
Collaboration system
Document types
23. A meta-language for describing markup languages
XML (eXtensible Markup Language)
Automatic account assignments
Big Bang Method of ERP implementation
Internal business process
24. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Internal control issues
Peoplesoft
Solid implementation plan
Big Bang Method of ERP implementation
25. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Tolerance group
SAP (Systems - Applications - and Products)
CMS marketplace
Taxonomy Creation
26. A process of mapping a group's contacts to identify who knows whom and who works with whom
Procurement process
Social networking analysis
Explicit knowledge
Solid implementation plan
27. 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
Business Analysis Applications
Elogistics
Flexible configuration
Taxonomy Creation
28. Includes support for multicountry - multicurrency environments and wide scalability
Default
Document numbers
SAP R/3
ERP PROCESS
29. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Proper business analysis
ERP TECHNOLOGY
ERP PEOPLE
Knowledge management systems (KMS)
30. Sends work assignments through an e-mail system
Default
Core competency
Knowledge management
Messaging-based workflow system
31. You have created a vendor master. This vendor be shared at ________
Company code level
SAP R/3
Document numbers
Contracts
32. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Monthly rent expense
Phased-In Method of ERP Implementation
Quotation
Hypertext
33. 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
Workflow
Balanced scorecard
Unstructured/information
Internal control issues
34. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Optimize business performance
Structured collaboration
Posting keys
XBRL (eXtensible Business Reporting System)
35. All the steps or business rules - from beginning to end - required for a business process
Core Applications
Workflow
Contracts
Document unique
36. 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.
Core Applications
XML (eXtensible Markup Language)
Flexible configuration
Payment terms
37. 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
Solid implementation plan
Material master records
Extended ERP components
38. Price Variance. Maximum cash discount variance.
Purchasing tolerances
Knowledge management
Messaging-based workflow system
XML (eXtensible Markup Language)
39. Facilitates the automation and management of business processes and controls the movement of work through the business process
CMS marketplace
Peoplesoft
ERP PEOPLE
Workflow management system
40. An organization's key strength - the business function that it does better than any of its competitors
13
Document numbers
Quotation
Core competency
41. Manages the transportation and storage of goods
Document unique
Vendor master records
Elogistics
Tacit knowledge
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
Core Applications
Contracts
Enterprise Resource System (ERP) Software
Core ERP components
43. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
Phased-In Method of ERP Implementation
Monthly rent expense
Peoplesoft
CRM
44. Enables organizations to clarify their vision and strategy and translate them into action
Balanced scorecard
Instance documents
Tacit knowledge
Flexible configuration
45. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Phased-In Method of ERP Implementation
Oracle
Quotation
Core competency
46. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Content management system
Audit scope and timeframe
Contracts
Online analytical processing (OLAP
47. Posting periods in FF
Monthly rent expense
Taxonomy Creation
13
Automatic account assignments
48. 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
Material master records
Monthly rent payment
Collaboration system
ERP TECHNOLOGY
49. Track logistics movement of goods.
Hypertext
Automatic account assignments
Database-based workflow system
Business Analysis Applications
50. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Invoice receipt tolerances
Flexible configuration
Online transaction processing (OLTP)
Plant level