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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. 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
ERP PEOPLE
Procurement process
Internal control issues
Database-based workflow system
2. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Balanced scorecard
Payment terms
Tolerance group
Organizational standardization
3. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Document principles
Proper business analysis
SAP R/3
Knowledge management
4. Tell us who is responsible for the document and when it was created.
XBRL (eXtensible Business Reporting System)
CMS marketplace
Business Analysis Applications
Document principles
5. 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
Company code level
Dozen
Procurement process
Proper business analysis
6. The steps to completing the ___________ process: Agreement - invoice - payment.
Monthly rent payment
Elogistics
Social networking analysis
Valuation Grouping code
7. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Shadowing
Knowledge management systems (KMS)
Structured collaboration
Tacit knowledge
8. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Audit scope and timeframe
Organizational standardization
Online analytical processing (OLAP
RFQ
9. A process of mapping a group's contacts to identify who knows whom and who works with whom
Information partnership
Social networking analysis
Company code level
Peoplesoft
10. Sends work assignments through an e-mail system
Messaging-based workflow system
General ledger accounts
Extended ERP components
ERP PEOPLE
11. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Document numbers
Quality Contract
Document principles
Process insurance expense
12. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Quotation
Internal control issues
Instance documents
Business Analysis Applications
13. An outline agreement
General ledger accounts
13
Tacit knowledge
Contracts
14. 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
Structured collaboration
Procurement process
Database-based workflow system
Explicit knowledge
15. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Default
Dozen
Online analytical processing (OLAP
Procurement process
16. Facilitates the automation and management of business processes and controls the movement of work through the business process
Internal control issues
Segregation of duties
Workflow management system
Messaging-based workflow system
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.
Valuation Grouping code
Proper business analysis
Payment terms
Knowledge management systems (KMS)
18. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Online transaction processing (OLTP)
Quotation
Peoplesoft
Valuation Grouping code
19. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Automatic account assignments
Peoplesoft
Balanced scorecard
Data warehouse
20. 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
Messaging-based workflow system
Online analytical processing (OLAP
Monthly rent expense
Invoice receipt tolerances
21. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Tacit knowledge
ERP PROCESS
CRM
Business Analysis Applications
22. The primary reason for data warehousing is to _______________
Optimize business performance
Default
ERP TECHNOLOGY
Organizational standardization
23. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
ERP PEOPLE
Contracts
ERP PROCESS
SAP R/3
24. Includes support for multicountry - multicurrency environments and wide scalability
SAP R/3
Segregation of duties
Solid implementation plan
Flexible configuration
25. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Document principles
Information partnership
Unstructured/information
Document numbers
26. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Default
Process insurance expense
Workflow management system
Purchasing tolerances
27. The purpose of __________: Audit Trail. Determines the type of document it is.
Document numbers
Company code level
Vendor master records
Payment is too high or low
28. 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
Invoice receipt tolerances
Elogistics
Core Applications
29. 2 categories of collaboration systems: __________ - structured/process
Vendor master records
Unstructured/information
Document numbers
XML (eXtensible Markup Language)
30. 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 PEOPLE
ERP TECHNOLOGY
3 way match
Instance documents
31. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
3 way match
Payment terms
Hypertext
Workflow
32. 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
Shadowing
Messaging-based workflow system
Online analytical processing (OLAP
SAP (Systems - Applications - and Products)
33. Supports the work of teams by facilitating the sharing and flow of information
Collaboration system
ERP TECHNOLOGY
Big Bang Method of ERP implementation
SAP (Systems - Applications - and Products)
34. Manages the transportation and storage of goods
Structured collaboration
Monthly rent payment
Elogistics
Tolerance group
35. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Organizational standardization
XBRL (eXtensible Business Reporting System)
Elogistics
Optimize business performance
36. Supports team interactions
Workflow
Document numbers
Material master records
Groupware
37. Account and finance - production and materials management - human resource
Core ERP components
Collaboration system
Payment is too high or low
Payment terms
38. usiness intelligence - CRM - SCM - e-business
Elogistics
Extended ERP components
Audit scope and timeframe
Plant level
39. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
Material master records
Extended ERP components
Segregation of duties
ERP PEOPLE
40. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Data warehouse
Tolerance group
Document numbers
Taxonomy Creation
41. 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.
Hypertext
General ledger accounts
Automatic account assignments
Tolerance group
42. Price Variance. Maximum cash discount variance.
Purchasing tolerances
RFQ
Optimize business performance
Contracts
43. You have created a vendor master. This vendor be shared at ________
Company code level
Information partnership
General ledger accounts
CMS marketplace
44. Posting periods in FF
Explicit knowledge
Instantaneously
13
Online analytical processing (OLAP
45. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Material master
Unstructured/information
Document types
Procurement process
46. Three things make a _________: Document number. Fiscal Year. Company Code.
Process insurance expense
Vendor master records
Document unique
Balanced scorecard
47. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
XML (eXtensible Markup Language)
Core ERP components
Automatic account assignments
Material master
48. Includes what management systems: document MS - digital asset MS - web content MS
Key Business Exposures
Plant level
CMS marketplace
3 way match
49. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Content management system
Data warehouse
Purchasing tolerances
Automatic account assignments
50. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Monthly rent expense
Database-based workflow system
CRM
ERP PEOPLE