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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. Document exchange - shared whiteboards - discussion forums - email
Unstructured collaboration
Instance documents
ERP TECHNOLOGY
Quotation
2. A meta-language for describing markup languages
Document principles
Big Bang Method of ERP implementation
SAP R/3
XML (eXtensible Markup Language)
3. 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.
13
Balanced scorecard
General ledger accounts
Internal control issues
4. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Instantaneously
Shadowing
Oracle
13
5. You have created a material master. This material be shared at _________
Plant level
Process insurance expense
Automatic account assignments
Internal control issues
6. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
ERP PEOPLE
Taxonomy Creation
Valuation Grouping code
Document unique
7. Price Variance. Maximum cash discount variance.
Online transaction processing (OLTP)
Structured collaboration
Purchasing tolerances
Core ERP components
8. usiness intelligence - CRM - SCM - e-business
RFQ
Automatic account assignments
Extended ERP components
Enterprise Resource System (ERP) Software
9. 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
Information partnership
Online analytical processing (OLAP
Material master records
Audit scope and timeframe
10. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Online transaction processing (OLTP)
XML (eXtensible Markup Language)
Solid implementation plan
Knowledge management
11. The primary reason for data warehousing is to _______________
Optimize business performance
General ledger accounts
Balanced scorecard
Shadowing
12. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Elogistics
Material master records
Content management system
Quality Contract
13. An organization's key strength - the business function that it does better than any of its competitors
Core competency
Data warehouse
Database-based workflow system
Knowledge management
14. 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
Collaboration system
Knowledge management systems (KMS)
Core Applications
15. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Vendor master records
Plant level
Custom made
Messaging-based workflow system
16. he financial periods that are posted for reporting purposes - internal and external.
Posting periods
General ledger accounts
Elogistics
Information partnership
17. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
RFQ
Payment terms
Elogistics
Valuation Grouping code
18. Account and finance - production and materials management - human resource
SAP (Systems - Applications - and Products)
ERP PROCESS
Core ERP components
Hypertext
19. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Posting periods
SAP (Systems - Applications - and Products)
Payment terms
Online transaction processing (OLTP)
20. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
ERP PEOPLE
Document types
RFQ
XBRL (eXtensible Business Reporting System)
21. 2 categories of collaboration systems: __________ - structured/process
ERP PEOPLE
Unstructured/information
Online transaction processing (OLTP)
Core competency
22. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Information partnership
Unstructured collaboration
Segregation of duties
Taxonomy Creation
23. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Document unique
Content management system
Document types
Phased-In Method of ERP Implementation
24. The second largest ERP vendor
Monthly rent expense
Oracle
Business Analysis Applications
RFQ
25. Participation in business processes - such as workflow
Structured collaboration
Monthly rent expense
Audit scope and timeframe
Content management system
26. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Content management system
Enterprise Resource System (ERP) Software
Segregation of duties
Solid implementation plan
27. Includes support for multicountry - multicurrency environments and wide scalability
Plant level
Core competency
Default
SAP R/3
28. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Vendor master records
XBRL (eXtensible Business Reporting System)
ERP PEOPLE
Monthly rent expense
29. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Oracle
Procurement process
Content management system
Balanced scorecard
30. Facilitates the automation and management of business processes and controls the movement of work through the business process
Explicit knowledge
Workflow management system
CRM
Online analytical processing (OLAP
31. 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
Workflow
Collaboration system
Contracts
ERP TECHNOLOGY
32. Tells whether a transaction is a debit or credit and what G/L account is associated.
Posting keys
Solid implementation plan
Contracts
Online analytical processing (OLAP
33. Sends work assignments through an e-mail system
Enterprise Resource System (ERP) Software
Messaging-based workflow system
Contracts
Groupware
34. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Structured collaboration
Solid implementation plan
Material master
Payment terms
35. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Balanced scorecard
Information partnership
Default
Hypertext
36. 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
Data warehouse
Payment is too high or low
Solid implementation plan
CRM
37. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Dozen
Plant level
RFQ
Tolerance group
38. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Custom made
3 way match
Unstructured/information
Tolerance group
39. 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.
Payment terms
Key Business Exposures
ERP TECHNOLOGY
Phased-In Method of ERP Implementation
40. A process of mapping a group's contacts to identify who knows whom and who works with whom
Social networking analysis
Payment terms
ERP TECHNOLOGY
Shadowing
41. Manages the transportation and storage of goods
Workflow
Elogistics
Core Applications
Shadowing
42. 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
Online analytical processing (OLAP
Procurement process
Proper business analysis
Key Business Exposures
43. Posting periods in FF
Process insurance expense
13
Phased-In Method of ERP Implementation
Posting keys
44. 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
Balanced scorecard
Unstructured collaboration
Payment terms
Core Applications
45. A _____ is needed to monitor the quality - objectives - and timelines
Posting keys
CMS marketplace
Solid implementation plan
General ledger accounts
46. Includes what management systems: document MS - digital asset MS - web content MS
Knowledge management
Payment terms
CMS marketplace
Content management system
47. The global leader with 30 to 60% of the ERP market
SAP R/3
SAP (Systems - Applications - and Products)
Taxonomy Creation
Unstructured/information
48. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Tacit knowledge
Internal control issues
ERP TECHNOLOGY
General ledger accounts
49. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Peoplesoft
Document numbers
Business Analysis Applications
Taxonomy Creation
50. Anything that can be documented - archived - and codified - often with the help of IT
Explicit knowledge
Custom made
Proper business analysis
Plant level