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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. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
ERP TECHNOLOGY
XML (eXtensible Markup Language)
Valuation Grouping code
Proper business analysis
2. Manages the transportation and storage of goods
Vendor master records
Document principles
Elogistics
Optimize business performance
3. 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
Instantaneously
CRM
Monthly rent expense
Proper business analysis
4. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Internal business process
Monthly rent expense
Company code level
Material master
5. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Plant level
Procurement process
ERP TECHNOLOGY
Database-based workflow system
6. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Shadowing
ERP TECHNOLOGY
Contracts
Data warehouse
7. 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
Information partnership
ERP TECHNOLOGY
Hypertext
Material master
8. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Unstructured/information
CMS marketplace
Enterprise Resource System (ERP) Software
Material master records
9. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Shadowing
Balanced scorecard
Peoplesoft
Material master records
10. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Tacit knowledge
Collaboration system
Messaging-based workflow system
Plant level
11. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Workflow
Enterprise Resource System (ERP) Software
Data warehouse
Tacit knowledge
12. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Monthly rent payment
Instantaneously
Custom made
Procurement process
13. Sends work assignments through an e-mail system
XML (eXtensible Markup Language)
Messaging-based workflow system
CRM
Data warehouse
14. All the steps or business rules - from beginning to end - required for a business process
Workflow
Peoplesoft
Tacit knowledge
Process insurance expense
15. An outline agreement
Workflow management system
Enterprise Resource System (ERP) Software
Collaboration system
Contracts
16. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Key Business Exposures
Audit scope and timeframe
Material master records
Groupware
17. 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
Workflow
Segregation of duties
SAP R/3
Online transaction processing (OLTP)
18. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Hypertext
Unstructured collaboration
Explicit knowledge
CRM
19. Tell us who is responsible for the document and when it was created.
SAP (Systems - Applications - and Products)
Shadowing
Instance documents
Document principles
20. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Online transaction processing (OLTP)
Automatic account assignments
Business Analysis Applications
Extended ERP components
21. Track logistics movement of goods.
Material master
Purchasing tolerances
Automatic account assignments
ERP TECHNOLOGY
22. 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
Posting periods
Internal control issues
Oracle
Knowledge management systems (KMS)
23. The purpose of __________: Audit Trail. Determines the type of document it is.
ERP TECHNOLOGY
Tacit knowledge
Knowledge management
Document numbers
24. 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
Invoice receipt tolerances
SAP R/3
Instance documents
XML (eXtensible Markup Language)
25. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
SAP R/3
Material master records
Social networking analysis
ERP PROCESS
26. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Knowledge management
Content management system
Default
XBRL (eXtensible Business Reporting System)
27. 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.
Instance documents
Material master
Social networking analysis
General ledger accounts
28. An organization's key strength - the business function that it does better than any of its competitors
Core competency
ERP TECHNOLOGY
XML (eXtensible Markup Language)
Knowledge management systems (KMS)
29. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Plant level
Optimize business performance
Quotation
Tolerance group
30. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Online analytical processing (OLAP
Vendor master records
Procurement process
Workflow
31. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Collaboration system
Social networking analysis
Internal business process
Peoplesoft
32. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Elogistics
RFQ
Proper business analysis
Valuation Grouping code
33. 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
3 way match
Flexible configuration
Document unique
Audit scope and timeframe
34. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Collaboration system
Optimize business performance
Information partnership
RFQ
35. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Taxonomy Creation
Audit scope and timeframe
SAP (Systems - Applications - and Products)
Balanced scorecard
36. 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
Monthly rent payment
Vendor master records
Information partnership
Core Applications
37. Posting periods in FF
Automatic account assignments
Instance documents
Organizational standardization
13
38. 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
Tacit knowledge
Workflow
Plant level
39. Price Variance. Maximum cash discount variance.
Payment is too high or low
Purchasing tolerances
Key Business Exposures
Collaboration system
40. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
Proper business analysis
ERP PEOPLE
RFQ
Information partnership
41. Three things make a _________: Document number. Fiscal Year. Company Code.
Document numbers
Balanced scorecard
Data warehouse
Document unique
42. Tells whether a transaction is a debit or credit and what G/L account is associated.
Posting keys
XBRL (eXtensible Business Reporting System)
Contracts
Data warehouse
43. Supports the work of teams by facilitating the sharing and flow of information
Segregation of duties
Information partnership
ERP TECHNOLOGY
Collaboration system
44. Attempt by organizations to switch operations from their old legacy systems to a new system in a single event that implements the ERP across the entire company; more ambitious and risk than phased-in method
Peoplesoft
Default
Big Bang Method of ERP implementation
Valuation Grouping code
45. The global leader with 30 to 60% of the ERP market
Process insurance expense
Shadowing
SAP (Systems - Applications - and Products)
Quality Contract
46. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
ERP TECHNOLOGY
Unstructured/information
Knowledge management
Core Applications
47. You have created a vendor master. This vendor be shared at ________
Oracle
Core competency
Big Bang Method of ERP implementation
Company code level
48. Includes what management systems: document MS - digital asset MS - web content MS
Optimize business performance
Groupware
Document types
CMS marketplace
49. 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
Dozen
Document types
Balanced scorecard
50. Document exchange - shared whiteboards - discussion forums - email
Enterprise Resource System (ERP) Software
CRM
Big Bang Method of ERP implementation
Unstructured collaboration