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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. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Contracts
Document principles
Content management system
Material master records
2. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
CMS marketplace
Data warehouse
13
Vendor master records
3. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Document numbers
Optimize business performance
Process insurance expense
Extended ERP components
4. 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
Phased-In Method of ERP Implementation
Database-based workflow system
Business Analysis Applications
Vendor master records
5. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Plant level
XBRL (eXtensible Business Reporting System)
Material master records
Purchasing tolerances
6. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Automatic account assignments
CMS marketplace
Document types
Internal control issues
7. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Social networking analysis
Extended ERP components
Workflow
Online transaction processing (OLTP)
8. The steps to completing the ___________ process: Agreement - invoice - payment.
Monthly rent payment
Document unique
Messaging-based workflow system
Information partnership
9. 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
Oracle
CMS marketplace
Collaboration system
Dozen
10. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Internal control issues
Enterprise Resource System (ERP) Software
Plant level
3 way match
11. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Workflow
Audit scope and timeframe
Shadowing
3 way match
12. 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
Key Business Exposures
13
Core Applications
Core ERP components
13. Supports team interactions
Material master
Internal business process
Vendor master records
Groupware
14. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
Online transaction processing (OLTP)
Core competency
Purchasing tolerances
CRM
15. Includes support for multicountry - multicurrency environments and wide scalability
Quality Contract
Workflow management system
SAP R/3
Business Analysis Applications
16. 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
Unstructured/information
Company code level
Valuation Grouping code
17. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Business Analysis Applications
Explicit knowledge
Internal business process
Knowledge management systems (KMS)
18. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Document numbers
General ledger accounts
Material master
Vendor master records
19. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Shadowing
Big Bang Method of ERP implementation
Company code level
Peoplesoft
20. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
CRM
Monthly rent payment
Document unique
Default
21. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Content management system
Valuation Grouping code
ERP PROCESS
Instance documents
22. 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.
Hypertext
Material master
Messaging-based workflow system
Payment terms
23. 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
Data warehouse
ERP TECHNOLOGY
SAP (Systems - Applications - and Products)
Business Analysis Applications
24. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Proper business analysis
Automatic account assignments
Data warehouse
Groupware
25. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Instantaneously
Explicit knowledge
RFQ
Enterprise Resource System (ERP) Software
26. 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
Payment terms
Invoice receipt tolerances
Extended ERP components
27. Sends work assignments through an e-mail system
Unstructured collaboration
Messaging-based workflow system
Core competency
Internal control issues
28. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Default
Document numbers
Phased-In Method of ERP Implementation
ERP TECHNOLOGY
29. The primary reason for data warehousing is to _______________
Optimize business performance
Payment terms
Groupware
Business Analysis Applications
30. An organization's key strength - the business function that it does better than any of its competitors
Quotation
Social networking analysis
Core competency
XML (eXtensible Markup Language)
31. An outline agreement
Contracts
Extended ERP components
Information partnership
Internal control issues
32. Track logistics movement of goods.
Key Business Exposures
Core competency
Automatic account assignments
Extended ERP components
33. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Automatic account assignments
Procurement process
General ledger accounts
Unstructured/information
34. The global leader with 30 to 60% of the ERP market
Online transaction processing (OLTP)
Collaboration system
SAP (Systems - Applications - and Products)
Database-based workflow system
35. 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
Organizational standardization
Purchasing tolerances
Posting keys
Elogistics
36. Participation in business processes - such as workflow
Structured collaboration
Enterprise Resource System (ERP) Software
13
RFQ
37. 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
Key Business Exposures
Segregation of duties
Default
38. A process of mapping a group's contacts to identify who knows whom and who works with whom
Internal control issues
Core Applications
Instantaneously
Social networking analysis
39. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Business Analysis Applications
Knowledge management
Payment terms
Database-based workflow system
40. The two main ERP applications: Core Applications and ___________
Business Analysis Applications
Organizational standardization
Knowledge management
General ledger accounts
41. Supports the work of teams by facilitating the sharing and flow of information
RFQ
Monthly rent payment
Workflow management system
Collaboration system
42. Facilitates the automation and management of business processes and controls the movement of work through the business process
Knowledge management systems (KMS)
Workflow management system
Proper business analysis
Valuation Grouping code
43. Tell us who is responsible for the document and when it was created.
Document principles
Process insurance expense
Document unique
Instantaneously
44. The purpose of __________: Audit Trail. Determines the type of document it is.
Knowledge management systems (KMS)
Document numbers
Document types
Process insurance expense
45. Enables organizations to clarify their vision and strategy and translate them into action
Balanced scorecard
Peoplesoft
Oracle
Structured collaboration
46. Manages the transportation and storage of goods
Plant level
Payment terms
Data warehouse
Elogistics
47. The second largest ERP vendor
Key Business Exposures
Database-based workflow system
Oracle
13
48. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Tolerance group
Workflow
Posting keys
Core ERP components
49. The types of contracts: Quantity Contract - ___________
Online analytical processing (OLAP
Quality Contract
Knowledge management systems (KMS)
Posting keys
50. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
Core ERP components
Business Analysis Applications
ERP PROCESS
Unstructured/information