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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. An organization's key strength - the business function that it does better than any of its competitors
Purchasing tolerances
Core competency
XBRL (eXtensible Business Reporting System)
Document types
2. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Process insurance expense
Online analytical processing (OLAP
CRM
Balanced scorecard
3. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Posting periods
Oracle
Instantaneously
Internal business process
4. 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
Vendor master records
Posting periods
Invoice receipt tolerances
RFQ
5. 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
Material master records
Structured collaboration
Core Applications
ERP PROCESS
6. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Taxonomy Creation
Custom made
Tacit knowledge
Organizational standardization
7. Supports team interactions
Groupware
Plant level
Payment terms
Phased-In Method of ERP Implementation
8. The steps to completing the ___________ process: Agreement - invoice - payment.
Solid implementation plan
CMS marketplace
Online analytical processing (OLAP
Monthly rent payment
9. 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.
Quotation
Payment terms
Monthly rent payment
Enterprise Resource System (ERP) Software
10. All the steps or business rules - from beginning to end - required for a business process
Default
Knowledge management systems (KMS)
Workflow management system
Workflow
11. Document exchange - shared whiteboards - discussion forums - email
Payment is too high or low
Document numbers
Quality Contract
Unstructured collaboration
12. Includes support for multicountry - multicurrency environments and wide scalability
Balanced scorecard
Unstructured/information
Shadowing
SAP R/3
13. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
ERP TECHNOLOGY
Proper business analysis
XBRL (eXtensible Business Reporting System)
Content management system
14. 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
Payment terms
Structured collaboration
Extended ERP components
15. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Hypertext
Dozen
Invoice receipt tolerances
XBRL (eXtensible Business Reporting System)
16. You have created a vendor master. This vendor be shared at ________
Monthly rent payment
Company code level
Automatic account assignments
Monthly rent expense
17. Sends work assignments through an e-mail system
Business Analysis Applications
Knowledge management
Instantaneously
Messaging-based workflow system
18. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Shadowing
Online transaction processing (OLTP)
Default
Core competency
19. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Company code level
Procurement process
Enterprise Resource System (ERP) Software
Audit scope and timeframe
20. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
13
Procurement process
Collaboration system
ERP PROCESS
21. 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
Audit scope and timeframe
Payment is too high or low
Default
Posting periods
22. 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
Document numbers
Segregation of duties
3 way match
General ledger accounts
23. he financial periods that are posted for reporting purposes - internal and external.
Information partnership
Extended ERP components
Posting periods
Instantaneously
24. The two main ERP applications: Core Applications and ___________
Valuation Grouping code
Payment terms
Knowledge management
Business Analysis Applications
25. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Document types
Audit scope and timeframe
Solid implementation plan
Dozen
26. Supports the work of teams by facilitating the sharing and flow of information
Collaboration system
Knowledge management systems (KMS)
Document types
Contracts
27. The primary reason for data warehousing is to _______________
Content management system
Core ERP components
Optimize business performance
Workflow management system
28. Enables organizations to clarify their vision and strategy and translate them into action
Flexible configuration
Balanced scorecard
CRM
Document numbers
29. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Quality Contract
Big Bang Method of ERP implementation
General ledger accounts
Material master
30. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Unstructured collaboration
Online transaction processing (OLTP)
Workflow management system
Structured collaboration
31. A _____ is needed to monitor the quality - objectives - and timelines
SAP R/3
Solid implementation plan
Procurement process
Core ERP components
32. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Process insurance expense
Enterprise Resource System (ERP) Software
General ledger accounts
Knowledge management
33. The purpose of __________: Audit Trail. Determines the type of document it is.
Explicit knowledge
Monthly rent expense
Document numbers
Segregation of duties
34. Request for quotation
Phased-In Method of ERP Implementation
RFQ
XBRL (eXtensible Business Reporting System)
Material master
35. A process of mapping a group's contacts to identify who knows whom and who works with whom
Dozen
Unstructured/information
ERP TECHNOLOGY
Social networking analysis
36. An outline agreement
Procurement process
Company code level
Balanced scorecard
Contracts
37. 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
Purchasing tolerances
Document types
Audit scope and timeframe
38. usiness intelligence - CRM - SCM - e-business
Extended ERP components
Posting periods
Core ERP components
Segregation of duties
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.
Internal business process
General ledger accounts
ERP TECHNOLOGY
Custom made
40. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Information partnership
Big Bang Method of ERP implementation
Messaging-based workflow system
Hypertext
41. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Taxonomy Creation
Automatic account assignments
Document unique
Monthly rent payment
42. 2 categories of collaboration systems: __________ - structured/process
Core ERP components
3 way match
Monthly rent payment
Unstructured/information
43. 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
Workflow management system
Quotation
Enterprise Resource System (ERP) Software
Database-based workflow system
44. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Social networking analysis
Peoplesoft
General ledger accounts
Core competency
45. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Extended ERP components
Internal business process
Custom made
Document principles
46. The global leader with 30 to 60% of the ERP market
SAP (Systems - Applications - and Products)
Peoplesoft
Big Bang Method of ERP implementation
Process insurance expense
47. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Unstructured collaboration
3 way match
Audit scope and timeframe
Vendor master records
48. Three things make a _________: Document number. Fiscal Year. Company Code.
Groupware
Hypertext
XML (eXtensible Markup Language)
Document unique
49. You have created a material master. This material be shared at _________
Plant level
Tacit knowledge
Payment terms
Core ERP components
50. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
Collaboration system
CRM
Material master
Document unique