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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. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Organizational standardization
Internal business process
Document types
Monthly rent expense
2. Tell us who is responsible for the document and when it was created.
Company code level
Segregation of duties
Document principles
General ledger accounts
3. All the steps or business rules - from beginning to end - required for a business process
Workflow
Core competency
Payment is too high or low
Oracle
4. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Information partnership
Payment terms
Flexible configuration
Tolerance group
5. Price Variance. Maximum cash discount variance.
Custom made
Contracts
Elogistics
Purchasing tolerances
6. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Content management system
Online transaction processing (OLTP)
Information partnership
Instance documents
7. An outline agreement
Payment terms
Contracts
Valuation Grouping code
Instance documents
8. The two main ERP applications: Core Applications and ___________
Business Analysis Applications
Flexible configuration
SAP (Systems - Applications - and Products)
ERP TECHNOLOGY
9. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Content management system
CMS marketplace
Oracle
Default
10. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Invoice receipt tolerances
Default
Custom made
Internal control issues
11. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Balanced scorecard
Vendor master records
Material master records
Tacit knowledge
12. The steps to completing the ___________ process: Agreement - invoice - payment.
Monthly rent payment
Groupware
Vendor master records
ERP PEOPLE
13. You have created a vendor master. This vendor be shared at ________
Flexible configuration
Company code level
Workflow
Material master
14. Supports the work of teams by facilitating the sharing and flow of information
Collaboration system
Extended ERP components
Instance documents
Quotation
15. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Internal control issues
Document types
Big Bang Method of ERP implementation
Automatic account assignments
16. The types of contracts: Quantity Contract - ___________
Database-based workflow system
Taxonomy Creation
Quality Contract
Unstructured/information
17. 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
Extended ERP components
SAP R/3
Shadowing
18. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Business Analysis Applications
Segregation of duties
Proper business analysis
Custom made
19. ERP is different: 1)The system usually resides on multiple computers - 2) the system allows ______________ - customization - and maintenance 3) On-line and real-time processing (all databases are updated simultaneously and all stored together) 4) Dat
Automatic account assignments
Flexible configuration
SAP (Systems - Applications - and Products)
Phased-In Method of ERP Implementation
20. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
Structured collaboration
Unstructured collaboration
CRM
Posting periods
21. 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
Enterprise Resource System (ERP) Software
Unstructured/information
Big Bang Method of ERP implementation
Core Applications
22. Account and finance - production and materials management - human resource
Hypertext
Process insurance expense
Business Analysis Applications
Core ERP components
23. 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
Data warehouse
Business Analysis Applications
Plant level
Tolerance group
24. Track logistics movement of goods.
Automatic account assignments
Payment is too high or low
Social networking analysis
Shadowing
25. Request for quotation
Explicit knowledge
RFQ
Peoplesoft
Custom made
26. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Quotation
Data warehouse
Procurement process
RFQ
27. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Knowledge management systems (KMS)
Quotation
Peoplesoft
Automatic account assignments
28. 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
Content management system
Instance documents
Key Business Exposures
Tacit knowledge
29. Facilitates the automation and management of business processes and controls the movement of work through the business process
Payment terms
Workflow
Workflow management system
3 way match
30. An organization's key strength - the business function that it does better than any of its competitors
Core competency
Peoplesoft
Knowledge management systems (KMS)
Dozen
31. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
XBRL (eXtensible Business Reporting System)
Phased-In Method of ERP Implementation
Hypertext
Information partnership
32. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Knowledge management systems (KMS)
Core competency
XBRL (eXtensible Business Reporting System)
Material master records
33. 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
Company code level
Messaging-based workflow system
Instantaneously
ERP TECHNOLOGY
34. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Flexible configuration
Default
Document unique
Quotation
35. Supports team interactions
Contracts
Structured collaboration
Knowledge management
Groupware
36. 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
Database-based workflow system
Posting keys
Unstructured/information
SAP (Systems - Applications - and Products)
37. Posting periods in FF
13
Information partnership
Internal control issues
Business Analysis Applications
38. usiness intelligence - CRM - SCM - e-business
Segregation of duties
Instance documents
Extended ERP components
Internal control issues
39. 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.
Contracts
Automatic account assignments
RFQ
General ledger accounts
40. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Knowledge management systems (KMS)
Material master records
Peoplesoft
Dozen
41. The second largest ERP vendor
Oracle
13
Online transaction processing (OLTP)
Workflow management system
42. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Data warehouse
Invoice receipt tolerances
SAP (Systems - Applications - and Products)
Tacit knowledge
43. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
ERP PEOPLE
Proper business analysis
Core ERP components
SAP R/3
44. A meta-language for describing markup languages
XML (eXtensible Markup Language)
Business Analysis Applications
Core competency
Taxonomy Creation
45. Participation in business processes - such as workflow
SAP R/3
Audit scope and timeframe
Structured collaboration
XML (eXtensible Markup Language)
46. A process of mapping a group's contacts to identify who knows whom and who works with whom
Dozen
Organizational standardization
Material master records
Social networking analysis
47. Anything that can be documented - archived - and codified - often with the help of IT
Extended ERP components
Document principles
Explicit knowledge
Custom made
48. 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
Organizational standardization
Company code level
Core ERP components
Internal control issues
49. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Key Business Exposures
Shadowing
SAP (Systems - Applications - and Products)
Data warehouse
50. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Taxonomy Creation
Knowledge management
General ledger accounts
Workflow management system