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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. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Dozen
Optimize business performance
Knowledge management systems (KMS)
Audit scope and timeframe
2. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Business Analysis Applications
Business Analysis Applications
Content management system
Quotation
3. usiness intelligence - CRM - SCM - e-business
Company code level
Posting keys
Extended ERP components
Information partnership
4. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
RFQ
Quotation
Enterprise Resource System (ERP) Software
Data warehouse
5. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
RFQ
Flexible configuration
Hypertext
Tacit knowledge
6. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Knowledge management
CRM
Business Analysis Applications
Valuation Grouping code
7. Sends work assignments through an e-mail system
Messaging-based workflow system
Document numbers
Taxonomy Creation
Audit scope and timeframe
8. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Peoplesoft
Dozen
Document types
Contracts
9. You have created a vendor master. This vendor be shared at ________
Company code level
Core competency
Internal business process
ERP PEOPLE
10. Posting periods in FF
Workflow
13
CMS marketplace
Procurement process
11. The steps to completing the ___________ process: Agreement - invoice - payment.
ERP PEOPLE
Custom made
Monthly rent payment
Dozen
12. Tells whether a transaction is a debit or credit and what G/L account is associated.
Organizational standardization
Elogistics
Payment is too high or low
Posting keys
13. Account and finance - production and materials management - human resource
Core ERP components
Posting periods
Organizational standardization
Core competency
14. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Invoice receipt tolerances
Extended ERP components
Explicit knowledge
Instance documents
15. The two main ERP applications: Core Applications and ___________
Tolerance group
Business Analysis Applications
CRM
Company code level
16. 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
Quality Contract
RFQ
Big Bang Method of ERP implementation
ERP TECHNOLOGY
17. A _____ is needed to monitor the quality - objectives - and timelines
Payment is too high or low
Proper business analysis
Solid implementation plan
Document numbers
18. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
General ledger accounts
Internal business process
Key Business Exposures
Custom made
19. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Peoplesoft
Online transaction processing (OLTP)
Audit scope and timeframe
Dozen
20. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
Business Analysis Applications
ERP PROCESS
RFQ
Data warehouse
21. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Quotation
XBRL (eXtensible Business Reporting System)
Taxonomy Creation
Material master records
22. he financial periods that are posted for reporting purposes - internal and external.
Online analytical processing (OLAP
Shadowing
Database-based workflow system
Posting periods
23. 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
Taxonomy Creation
Database-based workflow system
Solid implementation plan
SAP (Systems - Applications - and Products)
24. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
13
Optimize business performance
Instance documents
Material master
25. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Messaging-based workflow system
Proper business analysis
RFQ
Posting keys
26. The global leader with 30 to 60% of the ERP market
SAP (Systems - Applications - and Products)
Material master
Document types
Plant level
27. 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
Core ERP components
Messaging-based workflow system
Taxonomy Creation
Internal control issues
28. Supports the work of teams by facilitating the sharing and flow of information
Knowledge management
Collaboration system
ERP PROCESS
Invoice receipt tolerances
29. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Document numbers
Quality Contract
Company code level
Shadowing
30. Manages the transportation and storage of goods
General ledger accounts
Plant level
Company code level
Elogistics
31. Participation in business processes - such as workflow
Instance documents
Structured collaboration
Information partnership
SAP R/3
32. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Monthly rent expense
Knowledge management
Business Analysis Applications
XBRL (eXtensible Business Reporting System)
33. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Material master
Instance documents
Posting periods
Monthly rent expense
34. Includes what management systems: document MS - digital asset MS - web content MS
Automatic account assignments
CMS marketplace
Document unique
Material master records
35. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Posting keys
ERP PEOPLE
Document numbers
Tolerance group
36. 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
ERP PEOPLE
Oracle
Dozen
Monthly rent payment
37. Facilitates the automation and management of business processes and controls the movement of work through the business process
Hypertext
Elogistics
Workflow management system
Business Analysis Applications
38. The primary reason for data warehousing is to _______________
Core competency
Optimize business performance
Unstructured collaboration
Custom made
39. 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.
Database-based workflow system
XML (eXtensible Markup Language)
Data warehouse
General ledger accounts
40. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Quality Contract
CMS marketplace
Enterprise Resource System (ERP) Software
Unstructured/information
41. An outline agreement
Payment terms
Contracts
Procurement process
Company code level
42. Tell us who is responsible for the document and when it was created.
Document principles
Database-based workflow system
Online transaction processing (OLTP)
Core competency
43. 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
Document types
Big Bang Method of ERP implementation
Collaboration system
ERP PROCESS
44. Anything that can be documented - archived - and codified - often with the help of IT
Proper business analysis
Social networking analysis
Internal business process
Explicit knowledge
45. 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
Key Business Exposures
Automatic account assignments
Quotation
Quality Contract
46. All the steps or business rules - from beginning to end - required for a business process
Tacit knowledge
XML (eXtensible Markup Language)
Workflow
Database-based workflow system
47. The types of contracts: Quantity Contract - ___________
Quality Contract
Hypertext
Custom made
Flexible configuration
48. 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.
Taxonomy Creation
Payment terms
Core Applications
Automatic account assignments
49. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Material master
CRM
Procurement process
Elogistics
50. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Document unique
Data warehouse
Big Bang Method of ERP implementation
Shadowing