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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. Facilitates the automation and management of business processes and controls the movement of work through the business process
Workflow management system
3 way match
CMS marketplace
Material master records
2. Account and finance - production and materials management - human resource
Workflow management system
Phased-In Method of ERP Implementation
Core ERP components
Document numbers
3. 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
Invoice receipt tolerances
Posting periods
Structured collaboration
Online transaction processing (OLTP)
4. 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.
Instance documents
General ledger accounts
Custom made
Core competency
5. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Tacit knowledge
Business Analysis Applications
Shadowing
Peoplesoft
6. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Custom made
Workflow
Procurement process
ERP TECHNOLOGY
7. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Tacit knowledge
Core ERP components
Quotation
Default
8. All the steps or business rules - from beginning to end - required for a business process
Balanced scorecard
Big Bang Method of ERP implementation
Material master records
Workflow
9. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Key Business Exposures
Online transaction processing (OLTP)
Database-based workflow system
Hypertext
10. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Content management system
Instance documents
Balanced scorecard
13
11. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Shadowing
Instance documents
Custom made
Extended ERP components
12. 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
Process insurance expense
CMS marketplace
RFQ
Online analytical processing (OLAP
13. You have created a material master. This material be shared at _________
Groupware
CRM
Plant level
XBRL (eXtensible Business Reporting System)
14. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Vendor master records
XML (eXtensible Markup Language)
Custom made
Peoplesoft
15. 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
Monthly rent expense
Instance documents
Business Analysis Applications
16. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
RFQ
Online analytical processing (OLAP
Core Applications
Enterprise Resource System (ERP) Software
17. Manages the transportation and storage of goods
Unstructured/information
Monthly rent expense
Elogistics
Document principles
18. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Balanced scorecard
Taxonomy Creation
Quotation
Material master
19. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Tolerance group
Procurement process
Collaboration system
Monthly rent payment
20. 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
Shadowing
XML (eXtensible Markup Language)
Balanced scorecard
ERP TECHNOLOGY
21. The primary reason for data warehousing is to _______________
Optimize business performance
Information partnership
Material master records
Posting keys
22. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Phased-In Method of ERP Implementation
Organizational standardization
Core competency
Valuation Grouping code
23. 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
Core Applications
3 way match
Oracle
Document unique
24. 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
ERP PEOPLE
Instantaneously
XML (eXtensible Markup Language)
Information partnership
25. Includes what management systems: document MS - digital asset MS - web content MS
CMS marketplace
Dozen
Explicit knowledge
Document types
26. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Unstructured collaboration
3 way match
Document types
Proper business analysis
27. A process of mapping a group's contacts to identify who knows whom and who works with whom
Vendor master records
Social networking analysis
Core Applications
Document principles
28. Includes support for multicountry - multicurrency environments and wide scalability
Peoplesoft
Posting keys
Enterprise Resource System (ERP) Software
SAP R/3
29. The two main ERP applications: Core Applications and ___________
Solid implementation plan
Tolerance group
Online analytical processing (OLAP
Business Analysis Applications
30. Supports team interactions
Procurement process
Dozen
Groupware
Process insurance expense
31. Sends work assignments through an e-mail system
XBRL (eXtensible Business Reporting System)
General ledger accounts
Messaging-based workflow system
Payment terms
32. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Document unique
Knowledge management systems (KMS)
Valuation Grouping code
Information partnership
33. The steps to completing the ___________ process: Agreement - invoice - payment.
Internal business process
Process insurance expense
Monthly rent payment
Social networking analysis
34. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
CMS marketplace
Custom made
ERP TECHNOLOGY
Tolerance group
35. Document exchange - shared whiteboards - discussion forums - email
Posting periods
Unstructured collaboration
Peoplesoft
ERP PEOPLE
36. 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
Contracts
Online transaction processing (OLTP)
Segregation of duties
37. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
ERP PROCESS
Balanced scorecard
Unstructured/information
XBRL (eXtensible Business Reporting System)
38. Track logistics movement of goods.
Peoplesoft
CMS marketplace
Business Analysis Applications
Automatic account assignments
39. You have created a vendor master. This vendor be shared at ________
General ledger accounts
Company code level
Internal business process
Structured collaboration
40. 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
Unstructured collaboration
Explicit knowledge
Optimize business performance
Payment is too high or low
41. An outline agreement
Material master records
Explicit knowledge
Contracts
Messaging-based workflow system
42. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Document unique
Phased-In Method of ERP Implementation
Elogistics
Process insurance expense
43. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
CRM
Hypertext
Content management system
SAP (Systems - Applications - and Products)
44. 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
Vendor master records
XBRL (eXtensible Business Reporting System)
Segregation of duties
Audit scope and timeframe
45. Anything that can be documented - archived - and codified - often with the help of IT
Explicit knowledge
Peoplesoft
Document principles
Document numbers
46. 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
Collaboration system
Database-based workflow system
Social networking analysis
SAP R/3
47. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Material master records
Posting periods
Instantaneously
Posting keys
48. A meta-language for describing markup languages
Custom made
Unstructured collaboration
XML (eXtensible Markup Language)
Material master
49. Tell us who is responsible for the document and when it was created.
Dozen
Document principles
Core competency
Vendor master records
50. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Default
General ledger accounts
CMS marketplace
Material master