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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. he financial periods that are posted for reporting purposes - internal and external.
Invoice receipt tolerances
Balanced scorecard
Posting periods
Unstructured/information
2. 2 categories of collaboration systems: __________ - structured/process
Social networking analysis
Phased-In Method of ERP Implementation
Workflow management system
Unstructured/information
3. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Valuation Grouping code
Enterprise Resource System (ERP) Software
Payment is too high or low
Material master
4. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
XML (eXtensible Markup Language)
Vendor master records
Online analytical processing (OLAP
Default
5. 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
Online analytical processing (OLAP
Instance documents
Messaging-based workflow system
6. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Material master
Unstructured collaboration
Taxonomy Creation
Oracle
7. 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.
Workflow
Taxonomy Creation
General ledger accounts
Payment terms
8. An organization's key strength - the business function that it does better than any of its competitors
Hypertext
Default
Core competency
Workflow
9. usiness intelligence - CRM - SCM - e-business
Messaging-based workflow system
Online analytical processing (OLAP
Extended ERP components
CRM
10. 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
Process insurance expense
Invoice receipt tolerances
Document unique
3 way match
11. Document exchange - shared whiteboards - discussion forums - email
Default
ERP TECHNOLOGY
Posting periods
Unstructured collaboration
12. An outline agreement
Online transaction processing (OLTP)
Contracts
Procurement process
Workflow management system
13. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
ERP PEOPLE
Proper business analysis
Collaboration system
Extended ERP components
14. The two main ERP applications: Core Applications and ___________
Elogistics
Explicit knowledge
Procurement process
Business Analysis Applications
15. 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.
Structured collaboration
Procurement process
Material master records
Payment terms
16. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
CMS marketplace
Instance documents
Tolerance group
Groupware
17. The global leader with 30 to 60% of the ERP market
SAP (Systems - Applications - and Products)
Tacit knowledge
Payment terms
Business Analysis Applications
18. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Organizational standardization
Shadowing
Unstructured collaboration
Business Analysis Applications
19. The steps to completing the ___________ process: Agreement - invoice - payment.
CRM
Process insurance expense
Custom made
Monthly rent payment
20. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Unstructured collaboration
Structured collaboration
Material master
Peoplesoft
21. All the steps or business rules - from beginning to end - required for a business process
Internal business process
Workflow
Quality Contract
Posting keys
22. 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
Posting keys
Online transaction processing (OLTP)
CRM
Payment is too high or low
23. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
Internal business process
Taxonomy Creation
Core Applications
ERP PEOPLE
24. Supports the work of teams by facilitating the sharing and flow of information
Material master records
Database-based workflow system
Core Applications
Collaboration system
25. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Solid implementation plan
Material master records
Phased-In Method of ERP Implementation
Plant level
26. Enables organizations to clarify their vision and strategy and translate them into action
SAP R/3
Valuation Grouping code
Balanced scorecard
Peoplesoft
27. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
General ledger accounts
RFQ
Process insurance expense
Material master
28. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Data warehouse
XBRL (eXtensible Business Reporting System)
Contracts
Phased-In Method of ERP Implementation
29. Manages the transportation and storage of goods
Purchasing tolerances
Procurement process
Oracle
Elogistics
30. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
SAP R/3
Quotation
Tolerance group
Groupware
31. 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
Extended ERP components
Enterprise Resource System (ERP) Software
Quality Contract
Online analytical processing (OLAP
32. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
CRM
Unstructured/information
XBRL (eXtensible Business Reporting System)
Posting keys
33. 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
Procurement process
Database-based workflow system
Audit scope and timeframe
Tolerance group
34. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Peoplesoft
Posting periods
Segregation of duties
Audit scope and timeframe
35. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Taxonomy Creation
3 way match
Core competency
13
36. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Messaging-based workflow system
Solid implementation plan
XBRL (eXtensible Business Reporting System)
Phased-In Method of ERP Implementation
37. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Tacit knowledge
Unstructured/information
Monthly rent expense
ERP PEOPLE
38. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Tolerance group
Proper business analysis
Internal business process
Data warehouse
39. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Default
Vendor master records
Automatic account assignments
Organizational standardization
40. 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
Elogistics
Tolerance group
Tacit knowledge
Organizational standardization
41. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
RFQ
ERP PEOPLE
Knowledge management
SAP R/3
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
Posting periods
Core Applications
Invoice receipt tolerances
Monthly rent expense
43. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
SAP R/3
Quotation
Tolerance group
Posting periods
44. Supports team interactions
Groupware
Extended ERP components
CRM
Proper business analysis
45. The primary reason for data warehousing is to _______________
Hypertext
Optimize business performance
SAP R/3
Knowledge management systems (KMS)
46. You have created a material master. This material be shared at _________
Plant level
Peoplesoft
SAP (Systems - Applications - and Products)
Extended ERP components
47. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Knowledge management systems (KMS)
Elogistics
Audit scope and timeframe
Internal business process
48. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Organizational standardization
XML (eXtensible Markup Language)
3 way match
Tacit knowledge
49. Facilitates the automation and management of business processes and controls the movement of work through the business process
Unstructured/information
Quotation
Workflow management system
Database-based workflow system
50. 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
Big Bang Method of ERP implementation
Invoice receipt tolerances
Key Business Exposures
Business Analysis Applications