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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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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. The second largest ERP vendor
Oracle
ERP TECHNOLOGY
Monthly rent expense
Social networking analysis
2. 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
Online transaction processing (OLTP)
Payment is too high or low
Balanced scorecard
Document types
3. You have created a material master. This material be shared at _________
Shadowing
13
Valuation Grouping code
Plant level
4. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
3 way match
SAP (Systems - Applications - and Products)
Unstructured/information
Social networking analysis
5. 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
CMS marketplace
Key Business Exposures
Plant level
Monthly rent payment
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
Tolerance group
Internal control issues
Big Bang Method of ERP implementation
Plant level
7. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Internal control issues
Procurement process
Dozen
Monthly rent expense
8. Enables organizations to clarify their vision and strategy and translate them into action
Balanced scorecard
Plant level
Tolerance group
SAP R/3
9. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Phased-In Method of ERP Implementation
Hypertext
Process insurance expense
Payment is too high or low
10. An organization's key strength - the business function that it does better than any of its competitors
Shadowing
Peoplesoft
Contracts
Core competency
11. The purpose of __________: Audit Trail. Determines the type of document it is.
Phased-In Method of ERP Implementation
Hypertext
13
Document numbers
12. 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.
Core ERP components
Document types
ERP TECHNOLOGY
General ledger accounts
13. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Online analytical processing (OLAP
Social networking analysis
Knowledge management
Custom made
14. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Material master records
13
Database-based workflow system
Segregation of duties
15. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Database-based workflow system
Solid implementation plan
Knowledge management
3 way match
16. Tell us who is responsible for the document and when it was created.
Business Analysis Applications
ERP PEOPLE
Document principles
Online transaction processing (OLTP)
17. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Shadowing
CMS marketplace
Solid implementation plan
Custom made
18. 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
Enterprise Resource System (ERP) Software
Document types
Custom made
Dozen
19. The steps to completing the ___________ process: Agreement - invoice - payment.
Messaging-based workflow system
Monthly rent payment
Document unique
Structured collaboration
20. 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
Internal control issues
SAP (Systems - Applications - and Products)
Workflow management system
Online analytical processing (OLAP
21. The two main ERP applications: Core Applications and ___________
Document principles
Shadowing
Taxonomy Creation
Business Analysis Applications
22. Request for quotation
RFQ
Messaging-based workflow system
Procurement process
Payment terms
23. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
Process insurance expense
Workflow
Social networking analysis
ERP PROCESS
24. 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
Optimize business performance
Core competency
Solid implementation plan
Organizational standardization
25. Manages the transportation and storage of goods
Instance documents
Elogistics
SAP R/3
3 way match
26. 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
Balanced scorecard
Core Applications
Extended ERP components
Optimize business performance
27. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
ERP TECHNOLOGY
Dozen
ERP PEOPLE
General ledger accounts
28. 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.
Invoice receipt tolerances
Monthly rent payment
Payment terms
Internal business process
29. Participation in business processes - such as workflow
Structured collaboration
Automatic account assignments
Document numbers
Monthly rent expense
30. Includes what management systems: document MS - digital asset MS - web content MS
Document principles
CMS marketplace
Knowledge management systems (KMS)
Payment is too high or low
31. A _____ is needed to monitor the quality - objectives - and timelines
Proper business analysis
Solid implementation plan
Workflow
Online analytical processing (OLAP
32. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Data warehouse
3 way match
Content management system
Plant level
33. 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
Online transaction processing (OLTP)
Payment terms
Invoice receipt tolerances
Content management system
34. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Document types
Explicit knowledge
Elogistics
Collaboration system
35. Account and finance - production and materials management - human resource
Dozen
Core ERP components
Material master records
Instance documents
36. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Structured collaboration
Unstructured collaboration
Knowledge management systems (KMS)
Core ERP components
37. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Default
Online transaction processing (OLTP)
Workflow
Payment is too high or low
38. All the steps or business rules - from beginning to end - required for a business process
Online analytical processing (OLAP
Custom made
Workflow
Material master records
39. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Online transaction processing (OLTP)
Social networking analysis
CMS marketplace
Peoplesoft
40. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Internal control issues
Extended ERP components
Instance documents
Workflow management system
41. 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
Business Analysis Applications
XML (eXtensible Markup Language)
Unstructured/information
ERP TECHNOLOGY
42. Tells whether a transaction is a debit or credit and what G/L account is associated.
Purchasing tolerances
Content management system
Posting keys
Posting periods
43. Supports the work of teams by facilitating the sharing and flow of information
Document numbers
Collaboration system
Quotation
Balanced scorecard
44. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Purchasing tolerances
Knowledge management systems (KMS)
Tolerance group
Material master
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
Segregation of duties
Default
Material master records
Social networking analysis
46. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Document types
Optimize business performance
CMS marketplace
Audit scope and timeframe
47. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Vendor master records
Online transaction processing (OLTP)
Contracts
Unstructured/information
48. Three things make a _________: Document number. Fiscal Year. Company Code.
Big Bang Method of ERP implementation
SAP (Systems - Applications - and Products)
Internal control issues
Document unique
49. A process of mapping a group's contacts to identify who knows whom and who works with whom
SAP (Systems - Applications - and Products)
Social networking analysis
ERP PROCESS
Peoplesoft
50. The types of contracts: Quantity Contract - ___________
Key Business Exposures
Quality Contract
CRM
Unstructured/information
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