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Test your basic knowledge |
ERP: Enterprise Resource Planning
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Subject
:
it-skills
Instructions:
Answer 50 questions in 15 minutes.
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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. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Content management system
Flexible configuration
Phased-In Method of ERP Implementation
CMS marketplace
2. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Quality Contract
Enterprise Resource System (ERP) Software
ERP TECHNOLOGY
Knowledge management systems (KMS)
3. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Quotation
Knowledge management systems (KMS)
Material master
Instance documents
4. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
Information partnership
Quotation
Business Analysis Applications
ERP PEOPLE
5. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Tacit knowledge
Knowledge management
Material master
Oracle
6. The two main ERP applications: Core Applications and ___________
Tolerance group
Plant level
Business Analysis Applications
Company code level
7. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
XML (eXtensible Markup Language)
Optimize business performance
Automatic account assignments
Hypertext
8. Document exchange - shared whiteboards - discussion forums - email
Unstructured collaboration
Process insurance expense
Flexible configuration
Key Business Exposures
9. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Invoice receipt tolerances
Tolerance group
Audit scope and timeframe
Knowledge management systems (KMS)
10. Track logistics movement of goods.
CMS marketplace
Quality Contract
Groupware
Automatic account assignments
11. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Plant level
RFQ
Extended ERP components
Taxonomy Creation
12. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Custom made
Balanced scorecard
XBRL (eXtensible Business Reporting System)
Proper business analysis
13. An outline agreement
Contracts
Purchasing tolerances
Dozen
Content management system
14. 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
Flexible configuration
Online transaction processing (OLTP)
Invoice receipt tolerances
Data warehouse
15. All the steps or business rules - from beginning to end - required for a business process
Content management system
Workflow
Plant level
ERP PEOPLE
16. Purchased by Oracle - Strength in HR management - Widely used in the federal government
ERP TECHNOLOGY
Peoplesoft
Optimize business performance
Instantaneously
17. Enables organizations to clarify their vision and strategy and translate them into action
Balanced scorecard
Quality Contract
Solid implementation plan
Payment is too high or low
18. Price Variance. Maximum cash discount variance.
Elogistics
Internal business process
Database-based workflow system
Purchasing tolerances
19. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Instantaneously
Process insurance expense
Solid implementation plan
Valuation Grouping code
20. Supports team interactions
ERP TECHNOLOGY
Groupware
Knowledge management systems (KMS)
Optimize business performance
21. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Social networking analysis
Database-based workflow system
Proper business analysis
Material master
22. 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
Tolerance group
Online analytical processing (OLAP
Material master records
Contracts
23. Account and finance - production and materials management - human resource
Collaboration system
Information partnership
Core ERP components
Big Bang Method of ERP implementation
24. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Organizational standardization
Procurement process
Structured collaboration
Solid implementation plan
25. he financial periods that are posted for reporting purposes - internal and external.
XML (eXtensible Markup Language)
Phased-In Method of ERP Implementation
Posting periods
Dozen
26. The steps to completing the ___________ process: Agreement - invoice - payment.
ERP PROCESS
Monthly rent payment
Phased-In Method of ERP Implementation
XBRL (eXtensible Business Reporting System)
27. Anything that can be documented - archived - and codified - often with the help of IT
Explicit knowledge
Shadowing
Document numbers
Monthly rent expense
28. 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
Segregation of duties
Valuation Grouping code
Structured collaboration
Default
29. A process of mapping a group's contacts to identify who knows whom and who works with whom
Purchasing tolerances
Valuation Grouping code
Social networking analysis
Payment terms
30. Includes support for multicountry - multicurrency environments and wide scalability
SAP R/3
ERP TECHNOLOGY
Flexible configuration
Posting keys
31. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Quotation
Online transaction processing (OLTP)
Extended ERP components
Payment terms
32. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Workflow management system
Internal control issues
Enterprise Resource System (ERP) Software
Quality Contract
33. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
CRM
Procurement process
Internal business process
Big Bang Method of ERP implementation
34. The primary reason for data warehousing is to _______________
Audit scope and timeframe
Optimize business performance
Online transaction processing (OLTP)
Database-based workflow system
35. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Taxonomy Creation
Unstructured/information
Monthly rent expense
Proper business analysis
36. Includes what management systems: document MS - digital asset MS - web content MS
Structured collaboration
Big Bang Method of ERP implementation
Segregation of duties
CMS marketplace
37. Participation in business processes - such as workflow
Explicit knowledge
Structured collaboration
Extended ERP components
Flexible configuration
38. 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
Automatic account assignments
Unstructured/information
Vendor master records
Core Applications
39. 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
Vendor master records
CRM
Business Analysis Applications
Audit scope and timeframe
40. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Knowledge management systems (KMS)
Organizational standardization
Vendor master records
Flexible configuration
41. 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.
Invoice receipt tolerances
Hypertext
Proper business analysis
General ledger accounts
42. Sends work assignments through an e-mail system
Vendor master records
Messaging-based workflow system
Posting keys
Knowledge management systems (KMS)
43. usiness intelligence - CRM - SCM - e-business
Information partnership
Flexible configuration
Extended ERP components
Quality Contract
44. Manages the transportation and storage of goods
Shadowing
Tolerance group
Elogistics
Oracle
45. 2 categories of collaboration systems: __________ - structured/process
Unstructured/information
Online transaction processing (OLTP)
Internal control issues
Groupware
46. The global leader with 30 to 60% of the ERP market
CMS marketplace
SAP (Systems - Applications - and Products)
ERP PROCESS
Knowledge management systems (KMS)
47. Tells whether a transaction is a debit or credit and what G/L account is associated.
CMS marketplace
Hypertext
Big Bang Method of ERP implementation
Posting keys
48. An organization's key strength - the business function that it does better than any of its competitors
Core competency
ERP TECHNOLOGY
Quality Contract
Flexible configuration
49. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Peoplesoft
Instantaneously
3 way match
Unstructured/information
50. 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
Oracle
Database-based workflow system
Hypertext
Process insurance expense
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