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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. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
13
Optimize business performance
Solid implementation plan
Phased-In Method of ERP Implementation
2. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Document types
3 way match
Plant level
Elogistics
3. 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
Core competency
Internal business process
Unstructured/information
Online analytical processing (OLAP
4. 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
Company code level
Vendor master records
13
Dozen
5. An organization's key strength - the business function that it does better than any of its competitors
Big Bang Method of ERP implementation
Core competency
Elogistics
Document unique
6. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Business Analysis Applications
Data warehouse
Monthly rent expense
Segregation of duties
7. Supports the work of teams by facilitating the sharing and flow of information
Core competency
Messaging-based workflow system
Core ERP components
Collaboration system
8. Account and finance - production and materials management - human resource
Explicit knowledge
Procurement process
Core ERP components
Quality Contract
9. Supports team interactions
ERP PROCESS
Explicit knowledge
Groupware
Tolerance group
10. 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
Elogistics
Internal control issues
Custom made
Extended ERP components
11. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Posting keys
Company code level
Audit scope and timeframe
Process insurance expense
12. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Flexible configuration
Dozen
Peoplesoft
Proper business analysis
13. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Unstructured/information
Default
Workflow management system
XBRL (eXtensible Business Reporting System)
14. Three things make a _________: Document number. Fiscal Year. Company Code.
Audit scope and timeframe
Document unique
Document principles
Extended ERP components
15. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Quotation
Document numbers
Valuation Grouping code
Monthly rent payment
16. 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.
Tolerance group
Payment terms
Payment is too high or low
Purchasing tolerances
17. 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
Procurement process
ERP TECHNOLOGY
Enterprise Resource System (ERP) Software
18. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Tolerance group
Elogistics
Internal control issues
SAP R/3
19. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Information partnership
ERP PEOPLE
Valuation Grouping code
Custom made
20. 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
Hypertext
CMS marketplace
Invoice receipt tolerances
Solid implementation plan
21. usiness intelligence - CRM - SCM - e-business
Knowledge management
Hypertext
XML (eXtensible Markup Language)
Extended ERP components
22. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Extended ERP components
Knowledge management
Document types
Messaging-based workflow system
23. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Business Analysis Applications
Big Bang Method of ERP implementation
Shadowing
Instance documents
24. 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
Optimize business performance
Core Applications
Dozen
ERP PEOPLE
25. 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
Collaboration system
13
Business Analysis Applications
26. You have created a material master. This material be shared at _________
Knowledge management
Material master
Plant level
Messaging-based workflow system
27. Includes support for multicountry - multicurrency environments and wide scalability
Invoice receipt tolerances
Groupware
Automatic account assignments
SAP R/3
28. he financial periods that are posted for reporting purposes - internal and external.
Material master records
Posting periods
Default
Internal business process
29. Facilitates the automation and management of business processes and controls the movement of work through the business process
Workflow management system
Dozen
Segregation of duties
Collaboration system
30. Price Variance. Maximum cash discount variance.
Instantaneously
Purchasing tolerances
Structured collaboration
Document types
31. Includes what management systems: document MS - digital asset MS - web content MS
Core Applications
Groupware
CMS marketplace
SAP R/3
32. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Instance documents
Core competency
Custom made
Quotation
33. Request for quotation
Internal control issues
Business Analysis Applications
SAP R/3
RFQ
34. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
13
Process insurance expense
Content management system
Explicit knowledge
35. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Monthly rent expense
Audit scope and timeframe
Dozen
Peoplesoft
36. The second largest ERP vendor
Data warehouse
CRM
Oracle
Document types
37. The purpose of __________: Audit Trail. Determines the type of document it is.
Document principles
Tacit knowledge
Document numbers
Collaboration system
38. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
Explicit knowledge
Instance documents
ERP PEOPLE
Custom made
39. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Organizational standardization
Document numbers
Online transaction processing (OLTP)
Internal business process
40. 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
Payment is too high or low
Segregation of duties
Business Analysis Applications
Monthly rent expense
41. A _____ is needed to monitor the quality - objectives - and timelines
Core ERP components
Purchasing tolerances
General ledger accounts
Solid implementation plan
42. Document exchange - shared whiteboards - discussion forums - email
Business Analysis Applications
Unstructured collaboration
13
ERP PROCESS
43. All the steps or business rules - from beginning to end - required for a business process
Workflow
SAP R/3
Segregation of duties
Taxonomy Creation
44. 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.
Core ERP components
General ledger accounts
XML (eXtensible Markup Language)
Document principles
45. Tell us who is responsible for the document and when it was created.
Document principles
Quality Contract
Shadowing
Information partnership
46. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Automatic account assignments
Procurement process
Unstructured/information
Document numbers
47. The two main ERP applications: Core Applications and ___________
Unstructured collaboration
Knowledge management systems (KMS)
Business Analysis Applications
Purchasing tolerances
48. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Posting periods
Material master records
Tacit knowledge
Flexible configuration
49. The steps to completing the ___________ process: Agreement - invoice - payment.
Internal control issues
Instance documents
Monthly rent expense
Monthly rent payment
50. Posting periods in FF
ERP TECHNOLOGY
Extended ERP components
13
Core competency