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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. 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
CRM
Key Business Exposures
Organizational standardization
Plant level
2. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
General ledger accounts
Material master
Online analytical processing (OLAP
Internal control issues
3. Price Variance. Maximum cash discount variance.
Flexible configuration
Purchasing tolerances
Invoice receipt tolerances
CRM
4. A process of mapping a group's contacts to identify who knows whom and who works with whom
Quotation
Social networking analysis
Automatic account assignments
Knowledge management systems (KMS)
5. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Information partnership
Unstructured/information
Enterprise Resource System (ERP) Software
Material master records
6. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Dozen
Big Bang Method of ERP implementation
XBRL (eXtensible Business Reporting System)
Document types
7. Anything that can be documented - archived - and codified - often with the help of IT
Monthly rent expense
Explicit knowledge
Plant level
Groupware
8. Sends work assignments through an e-mail system
Enterprise Resource System (ERP) Software
Messaging-based workflow system
ERP PROCESS
Extended ERP components
9. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
ERP PROCESS
Monthly rent expense
Solid implementation plan
Internal business process
10. Request for quotation
Unstructured collaboration
ERP TECHNOLOGY
3 way match
RFQ
11. he financial periods that are posted for reporting purposes - internal and external.
Internal control issues
Material master records
Posting periods
Collaboration system
12. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Database-based workflow system
Peoplesoft
13
Audit scope and timeframe
13. usiness intelligence - CRM - SCM - e-business
Contracts
Big Bang Method of ERP implementation
Extended ERP components
Plant level
14. Supports the work of teams by facilitating the sharing and flow of information
Collaboration system
Instance documents
Knowledge management systems (KMS)
Plant level
15. Includes what management systems: document MS - digital asset MS - web content MS
CMS marketplace
XML (eXtensible Markup Language)
Knowledge management
Document numbers
16. 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
Taxonomy Creation
Document types
Database-based workflow system
Workflow
17. The second largest ERP vendor
Oracle
Instance documents
CRM
Proper business analysis
18. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
CRM
Monthly rent payment
ERP PROCESS
Taxonomy Creation
19. Enables organizations to clarify their vision and strategy and translate them into action
Enterprise Resource System (ERP) Software
CMS marketplace
Balanced scorecard
CRM
20. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Tacit knowledge
Hypertext
SAP (Systems - Applications - and Products)
Payment terms
21. 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
ERP TECHNOLOGY
Shadowing
Unstructured collaboration
Phased-In Method of ERP Implementation
22. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Dozen
Custom made
Monthly rent payment
Knowledge management
23. Participation in business processes - such as workflow
Online analytical processing (OLAP
Structured collaboration
CMS marketplace
Monthly rent expense
24. 2 categories of collaboration systems: __________ - structured/process
Valuation Grouping code
SAP (Systems - Applications - and Products)
Unstructured/information
Automatic account assignments
25. An outline agreement
Big Bang Method of ERP implementation
Groupware
Phased-In Method of ERP Implementation
Contracts
26. The steps to completing the ___________ process: Agreement - invoice - payment.
Extended ERP components
Document unique
Optimize business performance
Monthly rent payment
27. Account and finance - production and materials management - human resource
Purchasing tolerances
Shadowing
Extended ERP components
Core ERP components
28. All the steps or business rules - from beginning to end - required for a business process
Proper business analysis
Workflow
Internal business process
Hypertext
29. 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
Material master records
Phased-In Method of ERP Implementation
Payment is too high or low
Organizational standardization
30. Posting periods in FF
Phased-In Method of ERP Implementation
Unstructured/information
Document numbers
13
31. The primary reason for data warehousing is to _______________
ERP TECHNOLOGY
Optimize business performance
Shadowing
Material master records
32. 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
Phased-In Method of ERP Implementation
Segregation of duties
Big Bang Method of ERP implementation
Optimize business performance
33. The key concerns when dealing with ___________________ related to ERP roles: 1) the creation of unnecessary roles 2) the rule of least access should apply to permission assignments and 3) monitor role creation and permission-granting activities
Social networking analysis
Monthly rent expense
Company code level
Internal control issues
34. A _____ is needed to monitor the quality - objectives - and timelines
Solid implementation plan
Default
Segregation of duties
Automatic account assignments
35. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Groupware
Content management system
Tolerance group
Document principles
36. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Payment is too high or low
Dozen
Content management system
Proper business analysis
37. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Core ERP components
Unstructured/information
Company code level
Audit scope and timeframe
38. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Core competency
Vendor master records
Business Analysis Applications
SAP R/3
39. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Tacit knowledge
Taxonomy Creation
Tolerance group
Core competency
40. 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
Information partnership
Instance documents
Unstructured/information
Instantaneously
41. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
3 way match
Core competency
Valuation Grouping code
Online analytical processing (OLAP
42. 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.
ERP PEOPLE
Payment terms
SAP (Systems - Applications - and Products)
Internal control issues
43. The two main ERP applications: Core Applications and ___________
Vendor master records
Workflow
Information partnership
Business Analysis Applications
44. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Data warehouse
Company code level
Document types
Purchasing tolerances
45. 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
Document principles
Business Analysis Applications
ERP TECHNOLOGY
Core Applications
46. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
ERP PEOPLE
Knowledge management systems (KMS)
Messaging-based workflow system
Balanced scorecard
47. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Solid implementation plan
Material master
Procurement process
Monthly rent expense
48. Tells whether a transaction is a debit or credit and what G/L account is associated.
Invoice receipt tolerances
Process insurance expense
Posting keys
Document numbers
49. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Dozen
CRM
Material master records
Tolerance group
50. A meta-language for describing markup languages
Document principles
XML (eXtensible Markup Language)
Monthly rent expense
Document numbers