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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. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
13
Quotation
Default
ERP TECHNOLOGY
2. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Database-based workflow system
Tolerance group
Information partnership
Oracle
3. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Plant level
XBRL (eXtensible Business Reporting System)
Content management system
Proper business analysis
4. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Document numbers
Internal control issues
Solid implementation plan
Instance documents
5. Facilitates the automation and management of business processes and controls the movement of work through the business process
XML (eXtensible Markup Language)
Workflow management system
Phased-In Method of ERP Implementation
Structured collaboration
6. Sends work assignments through an e-mail system
Messaging-based workflow system
Workflow
Tacit knowledge
Instance documents
7. The purpose of __________: Audit Trail. Determines the type of document it is.
Vendor master records
Oracle
XML (eXtensible Markup Language)
Document numbers
8. Price Variance. Maximum cash discount variance.
Automatic account assignments
Purchasing tolerances
Online analytical processing (OLAP
Business Analysis Applications
9. 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
Core competency
Flexible configuration
Company code level
Business Analysis Applications
10. Manages the transportation and storage of goods
Proper business analysis
Optimize business performance
Business Analysis Applications
Elogistics
11. All the steps or business rules - from beginning to end - required for a business process
Workflow
Phased-In Method of ERP Implementation
Extended ERP components
3 way match
12. A meta-language for describing markup languages
XML (eXtensible Markup Language)
Online analytical processing (OLAP
Invoice receipt tolerances
Core ERP components
13. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
XBRL (eXtensible Business Reporting System)
Shadowing
Workflow management system
Knowledge management
14. The two main ERP applications: Core Applications and ___________
Business Analysis Applications
Database-based workflow system
CMS marketplace
Structured collaboration
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
Core competency
Company code level
Social networking analysis
16. Tell us who is responsible for the document and when it was created.
Invoice receipt tolerances
Social networking analysis
Document principles
Posting periods
17. Anything that can be documented - archived - and codified - often with the help of IT
Taxonomy Creation
Payment terms
Explicit knowledge
Database-based workflow system
18. A process of mapping a group's contacts to identify who knows whom and who works with whom
Core competency
Social networking analysis
Elogistics
RFQ
19. he financial periods that are posted for reporting purposes - internal and external.
Oracle
Posting periods
Peoplesoft
Big Bang Method of ERP implementation
20. 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
Database-based workflow system
XML (eXtensible Markup Language)
Structured collaboration
Hypertext
21. The steps to completing the ___________ process: Agreement - invoice - payment.
Messaging-based workflow system
Monthly rent expense
XBRL (eXtensible Business Reporting System)
Monthly rent payment
22. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Document types
Oracle
Knowledge management systems (KMS)
Core competency
23. 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
Business Analysis Applications
Core ERP components
Groupware
24. An organization's key strength - the business function that it does better than any of its competitors
Core competency
Workflow
Unstructured/information
Messaging-based workflow system
25. 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
Valuation Grouping code
Procurement process
Elogistics
Key Business Exposures
26. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Database-based workflow system
Solid implementation plan
Posting periods
Process insurance expense
27. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Phased-In Method of ERP Implementation
Balanced scorecard
Instance documents
Unstructured/information
28. The primary reason for data warehousing is to _______________
Collaboration system
Optimize business performance
Automatic account assignments
Plant level
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
Peoplesoft
Plant level
Flexible configuration
RFQ
30. The second largest ERP vendor
Explicit knowledge
Oracle
Valuation Grouping code
Invoice receipt tolerances
31. Includes support for multicountry - multicurrency environments and wide scalability
SAP R/3
Taxonomy Creation
Procurement process
ERP PEOPLE
32. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Knowledge management
Procurement process
Posting keys
13
33. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Database-based workflow system
Enterprise Resource System (ERP) Software
Knowledge management systems (KMS)
Dozen
34. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Payment terms
Online transaction processing (OLTP)
Plant level
Custom made
35. 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
XBRL (eXtensible Business Reporting System)
Instantaneously
Custom made
Enterprise Resource System (ERP) Software
36. 2 categories of collaboration systems: __________ - structured/process
Document types
Internal control issues
Unstructured/information
Segregation of duties
37. 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
Quotation
Payment is too high or low
Document types
Unstructured collaboration
38. An outline agreement
ERP TECHNOLOGY
Content management system
Messaging-based workflow system
Contracts
39. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Automatic account assignments
Document types
Valuation Grouping code
Plant level
40. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Taxonomy Creation
3 way match
Posting periods
Internal control issues
41. The global leader with 30 to 60% of the ERP market
SAP (Systems - Applications - and Products)
Information partnership
Online transaction processing (OLTP)
ERP TECHNOLOGY
42. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
ERP PROCESS
Posting periods
Instance documents
Custom made
43. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
ERP PROCESS
Audit scope and timeframe
ERP PEOPLE
Information partnership
44. You have created a material master. This material be shared at _________
Organizational standardization
ERP PROCESS
Groupware
Plant level
45. 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
Plant level
Segregation of duties
Dozen
Internal control issues
46. Purchased by Oracle - Strength in HR management - Widely used in the federal government
ERP PROCESS
Core competency
Custom made
Peoplesoft
47. Track logistics movement of goods.
Material master records
Key Business Exposures
Oracle
Automatic account assignments
48. Request for quotation
Explicit knowledge
Instance documents
Quality Contract
RFQ
49. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Optimize business performance
Phased-In Method of ERP Implementation
3 way match
Internal control issues
50. Account and finance - production and materials management - human resource
Instance documents
Company code level
Core ERP components
Segregation of duties
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