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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. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Valuation Grouping code
3 way match
Peoplesoft
Enterprise Resource System (ERP) Software
2. 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
Valuation Grouping code
Proper business analysis
Payment is too high or low
Unstructured/information
3. Supports team interactions
Content management system
Automatic account assignments
Unstructured/information
Groupware
4. 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
Company code level
Segregation of duties
Tacit knowledge
5. 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
ERP TECHNOLOGY
Invoice receipt tolerances
CMS marketplace
Quotation
6. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Knowledge management
Contracts
Information partnership
3 way match
7. An outline agreement
Unstructured/information
Unstructured collaboration
Contracts
Workflow
8. The purpose of __________: Audit Trail. Determines the type of document it is.
Groupware
Valuation Grouping code
Document numbers
Dozen
9. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Payment terms
Online transaction processing (OLTP)
Structured collaboration
Knowledge management systems (KMS)
10. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Posting keys
SAP R/3
Knowledge management systems (KMS)
Phased-In Method of ERP Implementation
11. The global leader with 30 to 60% of the ERP market
SAP (Systems - Applications - and Products)
Document numbers
Custom made
Business Analysis Applications
12. usiness intelligence - CRM - SCM - e-business
Extended ERP components
Material master
Information partnership
Optimize business performance
13. 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
Peoplesoft
Workflow management system
Key Business Exposures
Custom made
14. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Monthly rent payment
Unstructured collaboration
Proper business analysis
13
15. 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
Document numbers
Online analytical processing (OLAP
Dozen
Instantaneously
16. Facilitates the automation and management of business processes and controls the movement of work through the business process
Document types
Workflow management system
Purchasing tolerances
Flexible configuration
17. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Data warehouse
Groupware
XBRL (eXtensible Business Reporting System)
Instance documents
18. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
ERP PROCESS
Taxonomy Creation
Core ERP components
Unstructured collaboration
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
Database-based workflow system
Monthly rent payment
Procurement process
Flexible configuration
20. Document exchange - shared whiteboards - discussion forums - email
Instantaneously
Organizational standardization
Unstructured collaboration
Quotation
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
Audit scope and timeframe
Dozen
Big Bang Method of ERP implementation
Company code level
22. 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
Procurement process
Audit scope and timeframe
Solid implementation plan
23. The types of contracts: Quantity Contract - ___________
Quality Contract
Balanced scorecard
Payment is too high or low
CRM
24. Account and finance - production and materials management - human resource
Core ERP components
ERP PROCESS
Workflow
Proper business analysis
25. A process of mapping a group's contacts to identify who knows whom and who works with whom
Social networking analysis
XBRL (eXtensible Business Reporting System)
3 way match
Enterprise Resource System (ERP) Software
26. ERP is different: 1)The system usually resides on multiple computers - 2) the system allows ______________ - customization - and maintenance 3) On-line and real-time processing (all databases are updated simultaneously and all stored together) 4) Dat
Process insurance expense
Hypertext
Oracle
Flexible configuration
27. Supports the work of teams by facilitating the sharing and flow of information
Collaboration system
Quotation
XML (eXtensible Markup Language)
Messaging-based workflow system
28. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Hypertext
Tacit knowledge
Content management system
Taxonomy Creation
29. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Key Business Exposures
Quality Contract
Hypertext
Document numbers
30. An organization's key strength - the business function that it does better than any of its competitors
Flexible configuration
Content management system
Online transaction processing (OLTP)
Core competency
31. The primary reason for data warehousing is to _______________
Workflow management system
Shadowing
Optimize business performance
Document types
32. Participation in business processes - such as workflow
Monthly rent expense
Process insurance expense
Structured collaboration
CMS marketplace
33. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Core ERP components
Procurement process
Taxonomy Creation
Optimize business performance
34. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Information partnership
ERP TECHNOLOGY
Valuation Grouping code
Material master records
35. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Internal business process
Online transaction processing (OLTP)
Quality Contract
Document types
36. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Shadowing
Payment terms
Valuation Grouping code
Oracle
37. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Material master
Knowledge management
Audit scope and timeframe
Quality Contract
38. A _____ is needed to monitor the quality - objectives - and timelines
Enterprise Resource System (ERP) Software
ERP PROCESS
Balanced scorecard
Solid implementation plan
39. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Audit scope and timeframe
3 way match
Workflow management system
Data warehouse
40. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
Payment terms
Automatic account assignments
Material master
ERP PEOPLE
41. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Segregation of duties
Information partnership
Online transaction processing (OLTP)
Document types
42. Price Variance. Maximum cash discount variance.
Elogistics
Purchasing tolerances
Data warehouse
Online analytical processing (OLAP
43. You have created a vendor master. This vendor be shared at ________
Company code level
ERP PROCESS
Internal business process
Elogistics
44. You have created a material master. This material be shared at _________
Internal control issues
Plant level
13
Social networking analysis
45. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
CRM
Information partnership
ERP TECHNOLOGY
Enterprise Resource System (ERP) Software
46. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
ERP PEOPLE
Shadowing
Quotation
Company code level
47. Enables organizations to clarify their vision and strategy and translate them into action
Material master records
Balanced scorecard
Core ERP components
Unstructured collaboration
48. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
SAP R/3
Tacit knowledge
Extended ERP components
RFQ
49. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
CMS marketplace
Custom made
Hypertext
RFQ
50. 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.
Document unique
Payment is too high or low
Payment terms
Solid implementation plan