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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. Request for quotation
Instance documents
RFQ
Process insurance expense
Plant level
2. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Content management system
Workflow
Information partnership
Payment is too high or low
3. The second largest ERP vendor
Solid implementation plan
Taxonomy Creation
Social networking analysis
Oracle
4. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Online analytical processing (OLAP
Proper business analysis
Solid implementation plan
Taxonomy Creation
5. Tells whether a transaction is a debit or credit and what G/L account is associated.
3 way match
Database-based workflow system
Posting keys
Procurement process
6. 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
Workflow
Process insurance expense
CRM
7. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Knowledge management
Document unique
Phased-In Method of ERP Implementation
Database-based workflow system
8. 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
Database-based workflow system
Oracle
ERP TECHNOLOGY
Workflow management system
9. Includes what management systems: document MS - digital asset MS - web content MS
Company code level
Vendor master records
CMS marketplace
Extended ERP components
10. You have created a vendor master. This vendor be shared at ________
ERP TECHNOLOGY
Audit scope and timeframe
Key Business Exposures
Company code level
11. 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
Automatic account assignments
Elogistics
Quotation
Organizational standardization
12. The purpose of __________: Audit Trail. Determines the type of document it is.
Oracle
Document numbers
Procurement process
Balanced scorecard
13. The steps to completing the ___________ process: Agreement - invoice - payment.
ERP PROCESS
Monthly rent payment
Valuation Grouping code
Material master records
14. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Hypertext
Core competency
Custom made
ERP PEOPLE
15. A _____ is needed to monitor the quality - objectives - and timelines
Hypertext
Data warehouse
Document types
Solid implementation plan
16. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
General ledger accounts
XML (eXtensible Markup Language)
Unstructured/information
Internal business process
17. 2 categories of collaboration systems: __________ - structured/process
Oracle
Plant level
Document numbers
Unstructured/information
18. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
XML (eXtensible Markup Language)
Data warehouse
Process insurance expense
CRM
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
Instantaneously
Contracts
Database-based workflow system
Workflow management system
20. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Monthly rent payment
Company code level
Information partnership
Extended ERP components
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
Tolerance group
Big Bang Method of ERP implementation
Purchasing tolerances
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
Balanced scorecard
Online analytical processing (OLAP
Core Applications
Information partnership
23. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
Balanced scorecard
Material master records
Business Analysis Applications
CRM
24. usiness intelligence - CRM - SCM - e-business
Proper business analysis
XML (eXtensible Markup Language)
XBRL (eXtensible Business Reporting System)
Extended ERP components
25. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Internal business process
Plant level
Knowledge management systems (KMS)
Peoplesoft
26. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Material master records
Enterprise Resource System (ERP) Software
Vendor master records
Balanced scorecard
27. Manages the transportation and storage of goods
Online transaction processing (OLTP)
Elogistics
Default
Database-based workflow system
28. Document exchange - shared whiteboards - discussion forums - email
Company code level
Unstructured collaboration
Big Bang Method of ERP implementation
Peoplesoft
29. Includes support for multicountry - multicurrency environments and wide scalability
SAP R/3
Business Analysis Applications
Data warehouse
Monthly rent expense
30. Account and finance - production and materials management - human resource
Core ERP components
Phased-In Method of ERP Implementation
Internal control issues
Unstructured collaboration
31. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Quotation
Database-based workflow system
3 way match
Monthly rent payment
32. Facilitates the automation and management of business processes and controls the movement of work through the business process
Workflow management system
Instantaneously
Extended ERP components
Messaging-based workflow system
33. 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
Workflow
Business Analysis Applications
Payment is too high or low
Key Business Exposures
34. Enables organizations to clarify their vision and strategy and translate them into action
Balanced scorecard
Unstructured collaboration
Monthly rent expense
Invoice receipt tolerances
35. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Shadowing
Data warehouse
Vendor master records
Instantaneously
36. A meta-language for describing markup languages
Proper business analysis
Balanced scorecard
Quotation
XML (eXtensible Markup Language)
37. Posting periods in FF
13
Content management system
Plant level
General ledger accounts
38. You have created a material master. This material be shared at _________
Core competency
Plant level
Hypertext
Monthly rent payment
39. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Social networking analysis
Core Applications
Online transaction processing (OLTP)
Key Business Exposures
40. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
Solid implementation plan
Posting periods
ERP PEOPLE
Core ERP components
41. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
ERP TECHNOLOGY
Core Applications
Shadowing
Internal control issues
42. Sends work assignments through an e-mail system
Tacit knowledge
Messaging-based workflow system
CRM
Vendor master records
43. he financial periods that are posted for reporting purposes - internal and external.
Posting periods
Vendor master records
Quotation
Dozen
44. Track logistics movement of goods.
Shadowing
Solid implementation plan
Instantaneously
Automatic account assignments
45. 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
Database-based workflow system
Invoice receipt tolerances
Balanced scorecard
Enterprise Resource System (ERP) Software
46. Anything that can be documented - archived - and codified - often with the help of IT
Peoplesoft
Knowledge management systems (KMS)
Instantaneously
Explicit knowledge
47. 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
RFQ
Shadowing
Valuation Grouping code
48. 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
XBRL (eXtensible Business Reporting System)
Hypertext
Flexible configuration
Balanced scorecard
49. 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
Core ERP components
Extended ERP components
Online analytical processing (OLAP
50. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Instance documents
Enterprise Resource System (ERP) Software
Knowledge management systems (KMS)
XBRL (eXtensible Business Reporting System)