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Test your basic knowledge |
ERP: Enterprise Resource Planning
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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. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Procurement process
RFQ
Phased-In Method of ERP Implementation
Optimize business performance
2. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
CMS marketplace
Document types
Payment is too high or low
CRM
3. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
Vendor master records
Information partnership
ERP PROCESS
Big Bang Method of ERP implementation
4. 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.
Payment terms
Flexible configuration
Hypertext
Groupware
5. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Monthly rent expense
Document numbers
Business Analysis Applications
Material master records
6. 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
Unstructured/information
ERP PROCESS
Key Business Exposures
Balanced scorecard
7. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Plant level
Business Analysis Applications
Database-based workflow system
Instance documents
8. Participation in business processes - such as workflow
Business Analysis Applications
RFQ
Structured collaboration
Payment terms
9. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Database-based workflow system
Document types
Balanced scorecard
Contracts
10. 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
Flexible configuration
3 way match
Custom made
Knowledge management systems (KMS)
11. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Material master
Instantaneously
Groupware
CMS marketplace
12. An organization's key strength - the business function that it does better than any of its competitors
Taxonomy Creation
Key Business Exposures
Data warehouse
Core competency
13. Price Variance. Maximum cash discount variance.
Instantaneously
Data warehouse
Process insurance expense
Purchasing tolerances
14. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
RFQ
General ledger accounts
Data warehouse
Business Analysis Applications
15. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Organizational standardization
Purchasing tolerances
Internal business process
Core ERP components
16. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Shadowing
Tolerance group
Business Analysis Applications
13
17. Three things make a _________: Document number. Fiscal Year. Company Code.
Document unique
CRM
Online transaction processing (OLTP)
Document numbers
18. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Material master records
Online analytical processing (OLAP
Tolerance group
Balanced scorecard
19. The global leader with 30 to 60% of the ERP market
SAP (Systems - Applications - and Products)
Social networking analysis
Business Analysis Applications
Core ERP components
20. Includes support for multicountry - multicurrency environments and wide scalability
Data warehouse
SAP R/3
Core competency
Instantaneously
21. 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
Oracle
Posting periods
Information partnership
Core Applications
22. 2 categories of collaboration systems: __________ - structured/process
ERP TECHNOLOGY
Dozen
Workflow
Unstructured/information
23. The two main ERP applications: Core Applications and ___________
Business Analysis Applications
Core competency
Knowledge management systems (KMS)
Segregation of duties
24. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Balanced scorecard
Enterprise Resource System (ERP) Software
Online transaction processing (OLTP)
Process insurance expense
25. Supports the work of teams by facilitating the sharing and flow of information
Unstructured collaboration
Quotation
Collaboration system
Vendor master records
26. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Phased-In Method of ERP Implementation
Online transaction processing (OLTP)
Invoice receipt tolerances
Payment is too high or low
27. 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
Plant level
Balanced scorecard
28. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Extended ERP components
Business Analysis Applications
3 way match
Tolerance group
29. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
ERP TECHNOLOGY
Content management system
Peoplesoft
Monthly rent expense
30. All the steps or business rules - from beginning to end - required for a business process
Tacit knowledge
XML (eXtensible Markup Language)
Workflow
Phased-In Method of ERP Implementation
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
Plant level
Internal business process
Instantaneously
Core Applications
32. A process of mapping a group's contacts to identify who knows whom and who works with whom
Posting keys
Monthly rent payment
Social networking analysis
Audit scope and timeframe
33. he financial periods that are posted for reporting purposes - internal and external.
Process insurance expense
Material master
Posting periods
Payment is too high or low
34. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Quotation
Hypertext
Tacit knowledge
Online transaction processing (OLTP)
35. 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
Online analytical processing (OLAP
Instantaneously
Quotation
Core competency
36. Request for quotation
Tacit knowledge
RFQ
Posting keys
Online analytical processing (OLAP
37. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Taxonomy Creation
Invoice receipt tolerances
Proper business analysis
Core competency
38. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Peoplesoft
Custom made
Messaging-based workflow system
XBRL (eXtensible Business Reporting System)
39. The second largest ERP vendor
ERP PROCESS
General ledger accounts
Oracle
CRM
40. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Custom made
Payment terms
Dozen
Unstructured/information
41. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Core competency
Process insurance expense
Procurement process
Key Business Exposures
42. Track logistics movement of goods.
Company code level
Unstructured collaboration
Groupware
Automatic account assignments
43. Enables organizations to clarify their vision and strategy and translate them into action
Internal business process
Workflow
Quotation
Balanced scorecard
44. An outline agreement
Contracts
Segregation of duties
Online transaction processing (OLTP)
Tacit knowledge
45. Tell us who is responsible for the document and when it was created.
Instance documents
3 way match
Document principles
Plant level
46. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
RFQ
Information partnership
Key Business Exposures
Unstructured/information
47. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Posting periods
Audit scope and timeframe
ERP PROCESS
Contracts
48. Includes what management systems: document MS - digital asset MS - web content MS
Internal control issues
CMS marketplace
Monthly rent payment
Document unique
49. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Purchasing tolerances
CRM
Valuation Grouping code
ERP TECHNOLOGY
50. 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
ERP TECHNOLOGY
Core ERP components
Internal business process
Shadowing
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