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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. Manages the transportation and storage of goods
Database-based workflow system
Organizational standardization
Tolerance group
Elogistics
2. Enables organizations to clarify their vision and strategy and translate them into action
Balanced scorecard
Internal business process
Organizational standardization
Explicit knowledge
3. The two main ERP applications: Core Applications and ___________
Posting keys
Online analytical processing (OLAP
Optimize business performance
Business Analysis Applications
4. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Quotation
Tolerance group
Data warehouse
Phased-In Method of ERP Implementation
5. Includes support for multicountry - multicurrency environments and wide scalability
SAP R/3
Material master records
Social networking analysis
Valuation Grouping code
6. 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
Internal control issues
RFQ
Instance documents
Unstructured collaboration
7. 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
Data warehouse
Posting keys
Groupware
Key Business Exposures
8. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Material master
Explicit knowledge
Segregation of duties
General ledger accounts
9. A process of mapping a group's contacts to identify who knows whom and who works with whom
Collaboration system
Purchasing tolerances
Social networking analysis
Monthly rent payment
10. Price Variance. Maximum cash discount variance.
Purchasing tolerances
Automatic account assignments
Core competency
Content management system
11. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Instance documents
Phased-In Method of ERP Implementation
ERP TECHNOLOGY
Posting keys
12. 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
Big Bang Method of ERP implementation
Document principles
Business Analysis Applications
Solid implementation plan
13. Sends work assignments through an e-mail system
Messaging-based workflow system
Default
Instantaneously
Plant level
14. Participation in business processes - such as workflow
Custom made
Instance documents
Payment terms
Structured collaboration
15. Document exchange - shared whiteboards - discussion forums - email
3 way match
Material master
ERP PEOPLE
Unstructured collaboration
16. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Workflow management system
ERP TECHNOLOGY
Material master records
Knowledge management
17. An organization's key strength - the business function that it does better than any of its competitors
Invoice receipt tolerances
13
Core competency
Phased-In Method of ERP Implementation
18. usiness intelligence - CRM - SCM - e-business
Extended ERP components
Quotation
Automatic account assignments
Explicit knowledge
19. Track logistics movement of goods.
Automatic account assignments
Internal control issues
Monthly rent payment
RFQ
20. Purchased by Oracle - Strength in HR management - Widely used in the federal government
SAP (Systems - Applications - and Products)
Peoplesoft
Core Applications
Internal control issues
21. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Groupware
Instance documents
Core Applications
Process insurance expense
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.
General ledger accounts
RFQ
Organizational standardization
ERP TECHNOLOGY
23. The purpose of __________: Audit Trail. Determines the type of document it is.
Plant level
ERP PROCESS
Document numbers
Flexible configuration
24. Anything that can be documented - archived - and codified - often with the help of IT
Oracle
Knowledge management systems (KMS)
Automatic account assignments
Explicit knowledge
25. You have created a material master. This material be shared at _________
Plant level
Company code level
Balanced scorecard
Tacit knowledge
26. 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
ERP PEOPLE
Internal control issues
Contracts
Database-based workflow system
27. 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
Extended ERP components
ERP TECHNOLOGY
Content management system
Posting periods
28. Includes what management systems: document MS - digital asset MS - web content MS
3 way match
Solid implementation plan
CMS marketplace
XBRL (eXtensible Business Reporting System)
29. 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
Posting periods
Flexible configuration
Procurement process
Knowledge management systems (KMS)
30. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Document numbers
Tolerance group
Audit scope and timeframe
Online analytical processing (OLAP
31. 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
Groupware
3 way match
Segregation of duties
Instantaneously
32. Supports the work of teams by facilitating the sharing and flow of information
Balanced scorecard
Oracle
Collaboration system
Taxonomy Creation
33. Account and finance - production and materials management - human resource
Core ERP components
Hypertext
Material master
ERP TECHNOLOGY
34. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
3 way match
Optimize business performance
Knowledge management systems (KMS)
Vendor master records
35. The steps to completing the ___________ process: Agreement - invoice - payment.
Tolerance group
Core Applications
XBRL (eXtensible Business Reporting System)
Monthly rent payment
36. he financial periods that are posted for reporting purposes - internal and external.
Purchasing tolerances
Posting periods
XBRL (eXtensible Business Reporting System)
Workflow
37. You have created a vendor master. This vendor be shared at ________
Segregation of duties
Company code level
Audit scope and timeframe
CMS marketplace
38. 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
Material master
Payment is too high or low
Social networking analysis
Online transaction processing (OLTP)
39. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Custom made
Process insurance expense
Procurement process
Document numbers
40. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Tolerance group
Enterprise Resource System (ERP) Software
Database-based workflow system
Internal business process
41. The types of contracts: Quantity Contract - ___________
SAP R/3
Quality Contract
Workflow
Monthly rent expense
42. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
ERP TECHNOLOGY
Document types
Valuation Grouping code
Invoice receipt tolerances
43. Tell us who is responsible for the document and when it was created.
XBRL (eXtensible Business Reporting System)
Quality Contract
Document principles
13
44. A _____ is needed to monitor the quality - objectives - and timelines
Phased-In Method of ERP Implementation
Structured collaboration
Core Applications
Solid implementation plan
45. 2 categories of collaboration systems: __________ - structured/process
Unstructured/information
Process insurance expense
Social networking analysis
Tacit knowledge
46. Posting periods in FF
3 way match
Organizational standardization
Solid implementation plan
13
47. 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.
Database-based workflow system
Payment terms
Dozen
Flexible configuration
48. A meta-language for describing markup languages
XML (eXtensible Markup Language)
Document numbers
Phased-In Method of ERP Implementation
ERP PROCESS
49. 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
Monthly rent expense
XML (eXtensible Markup Language)
Core Applications
50. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Procurement process
ERP TECHNOLOGY
ERP PEOPLE
Information partnership