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Test your basic knowledge |
ERP: Enterprise Resource Planning
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Study First
Subject
:
it-skills
Instructions:
Answer 50 questions in 15 minutes.
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.
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. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
XBRL (eXtensible Business Reporting System)
Content management system
Invoice receipt tolerances
Document principles
2. Supports team interactions
Dozen
Quotation
Shadowing
Groupware
3. The steps to completing the ___________ process: Agreement - invoice - payment.
Payment is too high or low
Monthly rent payment
Audit scope and timeframe
Data warehouse
4. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Optimize business performance
Audit scope and timeframe
Groupware
Material master
5. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
XBRL (eXtensible Business Reporting System)
Posting keys
Internal business process
Flexible configuration
6. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Content management system
Material master records
Instance documents
SAP (Systems - Applications - and Products)
7. 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
Process insurance expense
Big Bang Method of ERP implementation
Plant level
8. Includes support for multicountry - multicurrency environments and wide scalability
SAP R/3
Content management system
Organizational standardization
Automatic account assignments
9. Track logistics movement of goods.
Shadowing
Automatic account assignments
Groupware
Knowledge management
10. Includes what management systems: document MS - digital asset MS - web content MS
CMS marketplace
Database-based workflow system
Internal control issues
Procurement process
11. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Quotation
Flexible configuration
Tacit knowledge
Online analytical processing (OLAP
12. Request for quotation
Quality Contract
RFQ
Balanced scorecard
Segregation of duties
13. 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
Knowledge management systems (KMS)
Material master
ERP TECHNOLOGY
Payment terms
14. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Purchasing tolerances
Vendor master records
Payment is too high or low
Monthly rent expense
15. 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
Payment is too high or low
Social networking analysis
Dozen
Data warehouse
16. 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
Quality Contract
Phased-In Method of ERP Implementation
Posting keys
Database-based workflow system
17. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Audit scope and timeframe
Monthly rent payment
3 way match
XBRL (eXtensible Business Reporting System)
18. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Segregation of duties
CRM
Valuation Grouping code
Process insurance expense
19. 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
ERP TECHNOLOGY
Invoice receipt tolerances
Material master records
Dozen
20. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Explicit knowledge
SAP (Systems - Applications - and Products)
Phased-In Method of ERP Implementation
Vendor master records
21. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Instantaneously
CRM
Instance documents
Taxonomy Creation
22. 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.
Monthly rent expense
Company code level
Document numbers
General ledger accounts
23. Participation in business processes - such as workflow
Online analytical processing (OLAP
Structured collaboration
Document types
General ledger accounts
24. An outline agreement
Invoice receipt tolerances
Contracts
Custom made
Flexible configuration
25. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Online transaction processing (OLTP)
ERP TECHNOLOGY
Payment terms
Procurement process
26. 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
Document unique
Instantaneously
Database-based workflow system
Organizational standardization
27. 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
Material master
Key Business Exposures
Quotation
Solid implementation plan
28. Price Variance. Maximum cash discount variance.
Proper business analysis
Purchasing tolerances
3 way match
Enterprise Resource System (ERP) Software
29. An organization's key strength - the business function that it does better than any of its competitors
Custom made
Core competency
Quality Contract
Balanced scorecard
30. usiness intelligence - CRM - SCM - e-business
Contracts
Flexible configuration
Extended ERP components
Balanced scorecard
31. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Instantaneously
Groupware
Internal business process
Oracle
32. Posting periods in FF
Monthly rent expense
Quality Contract
13
Payment terms
33. All the steps or business rules - from beginning to end - required for a business process
Collaboration system
Workflow
Flexible configuration
Posting keys
34. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Monthly rent expense
General ledger accounts
13
RFQ
35. The purpose of __________: Audit Trail. Determines the type of document it is.
ERP PROCESS
Key Business Exposures
Document numbers
Core Applications
36. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Document unique
Audit scope and timeframe
Quality Contract
Information partnership
37. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
ERP TECHNOLOGY
Enterprise Resource System (ERP) Software
Proper business analysis
RFQ
38. A process of mapping a group's contacts to identify who knows whom and who works with whom
Quality Contract
Social networking analysis
Audit scope and timeframe
Information partnership
39. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
ERP PROCESS
Contracts
Default
Hypertext
40. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
ERP PEOPLE
Proper business analysis
Big Bang Method of ERP implementation
Key Business Exposures
41. The second largest ERP vendor
Core competency
Vendor master records
Oracle
ERP PROCESS
42. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Database-based workflow system
CRM
Extended ERP components
Quotation
43. You have created a vendor master. This vendor be shared at ________
Collaboration system
Company code level
Posting keys
Groupware
44. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
ERP PROCESS
Phased-In Method of ERP Implementation
Core competency
ERP PEOPLE
45. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
XML (eXtensible Markup Language)
Content management system
Hypertext
Quality Contract
46. 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
Payment terms
Organizational standardization
Business Analysis Applications
Hypertext
47. Facilitates the automation and management of business processes and controls the movement of work through the business process
Document principles
Workflow management system
Monthly rent payment
Posting periods
48. Tells whether a transaction is a debit or credit and what G/L account is associated.
Custom made
Monthly rent payment
Posting keys
Default
49. 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
Balanced scorecard
Flexible configuration
Monthly rent payment
SAP R/3
50. Three things make a _________: Document number. Fiscal Year. Company Code.
Document unique
Invoice receipt tolerances
Organizational standardization
Workflow
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