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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. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Business Analysis Applications
Information partnership
Phased-In Method of ERP Implementation
Segregation of duties
2. usiness intelligence - CRM - SCM - e-business
Elogistics
Vendor master records
Extended ERP components
Quotation
3. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Phased-In Method of ERP Implementation
Payment terms
Default
Unstructured/information
4. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Instance documents
Business Analysis Applications
Structured collaboration
Shadowing
5. Track logistics movement of goods.
Document unique
Data warehouse
Automatic account assignments
Posting keys
6. Three things make a _________: Document number. Fiscal Year. Company Code.
Quotation
Document unique
Document principles
Workflow
7. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Purchasing tolerances
Instantaneously
Plant level
Proper business analysis
8. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Material master
Material master records
3 way match
Payment terms
9. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
ERP PROCESS
Instance documents
Workflow management system
Custom made
10. Manages the transportation and storage of goods
Messaging-based workflow system
Elogistics
Material master
Core ERP components
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.
CRM
Business Analysis Applications
Taxonomy Creation
Material master records
12. Includes what management systems: document MS - digital asset MS - web content MS
CMS marketplace
Extended ERP components
Company code level
XBRL (eXtensible Business Reporting System)
13. Participation in business processes - such as workflow
Structured collaboration
General ledger accounts
Vendor master records
Flexible configuration
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
Peoplesoft
Tolerance group
Knowledge management systems (KMS)
Dozen
15. Supports the work of teams by facilitating the sharing and flow of information
Material master records
Collaboration system
Unstructured/information
Document numbers
16. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Database-based workflow system
Phased-In Method of ERP Implementation
Workflow management system
Knowledge management systems (KMS)
17. 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
Instantaneously
13
Enterprise Resource System (ERP) Software
18. Anything that can be documented - archived - and codified - often with the help of IT
Workflow
Content management system
Explicit knowledge
Database-based workflow system
19. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Key Business Exposures
Core Applications
Valuation Grouping code
XBRL (eXtensible Business Reporting System)
20. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Instance documents
Custom made
Proper business analysis
Solid implementation plan
21. Price Variance. Maximum cash discount variance.
Shadowing
Knowledge management
Purchasing tolerances
Quotation
22. 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
Knowledge management
Instantaneously
Segregation of duties
Core ERP components
23. Supports team interactions
ERP PEOPLE
Material master
Groupware
Automatic account assignments
24. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
ERP PEOPLE
SAP (Systems - Applications - and Products)
XBRL (eXtensible Business Reporting System)
Monthly rent payment
25. The global leader with 30 to 60% of the ERP market
Knowledge management
Enterprise Resource System (ERP) Software
SAP (Systems - Applications - and Products)
Information partnership
26. Facilitates the automation and management of business processes and controls the movement of work through the business process
Optimize business performance
Enterprise Resource System (ERP) Software
Document unique
Workflow management system
27. The purpose of __________: Audit Trail. Determines the type of document it is.
Valuation Grouping code
Core competency
Optimize business performance
Document numbers
28. he financial periods that are posted for reporting purposes - internal and external.
Internal control issues
Quotation
Posting periods
Material master
29. 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.
Optimize business performance
XBRL (eXtensible Business Reporting System)
General ledger accounts
Default
30. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Automatic account assignments
Document principles
Procurement process
Internal control issues
31. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Payment is too high or low
Knowledge management systems (KMS)
Peoplesoft
Monthly rent expense
32. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Unstructured collaboration
Unstructured/information
Hypertext
Quotation
33. 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
Elogistics
Document types
Core ERP components
Database-based workflow system
34. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Business Analysis Applications
13
Data warehouse
CMS marketplace
35. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Taxonomy Creation
Unstructured/information
Workflow management system
Business Analysis Applications
36. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Quotation
Audit scope and timeframe
Posting keys
Online transaction processing (OLTP)
37. The primary reason for data warehousing is to _______________
Optimize business performance
Payment is too high or low
Enterprise Resource System (ERP) Software
Taxonomy Creation
38. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Document numbers
Tacit knowledge
Groupware
Core ERP components
39. 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
Payment terms
Instantaneously
Core Applications
13
40. All the steps or business rules - from beginning to end - required for a business process
Enterprise Resource System (ERP) Software
Data warehouse
Workflow
Dozen
41. The steps to completing the ___________ process: Agreement - invoice - payment.
Monthly rent payment
Document types
Quality Contract
Payment terms
42. You have created a material master. This material be shared at _________
Plant level
Document unique
Structured collaboration
Monthly rent expense
43. Enables organizations to clarify their vision and strategy and translate them into action
Data warehouse
Online analytical processing (OLAP
Balanced scorecard
Explicit knowledge
44. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Core competency
Internal business process
Key Business Exposures
ERP TECHNOLOGY
45. 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
Process insurance expense
Purchasing tolerances
Document types
46. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Custom made
Messaging-based workflow system
Tolerance group
Oracle
47. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
13
Enterprise Resource System (ERP) Software
Tacit knowledge
XBRL (eXtensible Business Reporting System)
48. 2 categories of collaboration systems: __________ - structured/process
Unstructured/information
Information partnership
Payment terms
Optimize business performance
49. Document exchange - shared whiteboards - discussion forums - email
Unstructured collaboration
Dozen
Unstructured/information
Process insurance expense
50. Posting periods in FF
ERP PROCESS
Collaboration system
Core competency
13