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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. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
Phased-In Method of ERP Implementation
Custom made
CRM
Flexible configuration
2. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Contracts
Peoplesoft
Tolerance group
Quality Contract
3. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Solid implementation plan
Taxonomy Creation
Audit scope and timeframe
Workflow
4. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Messaging-based workflow system
Material master records
3 way match
Knowledge management systems (KMS)
5. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Proper business analysis
Material master
Flexible configuration
Document unique
6. The second largest ERP vendor
Oracle
Workflow management system
Procurement process
Vendor master records
7. 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
XML (eXtensible Markup Language)
Quotation
Flexible configuration
Online transaction processing (OLTP)
8. An organization's key strength - the business function that it does better than any of its competitors
Core competency
Messaging-based workflow system
Groupware
Enterprise Resource System (ERP) Software
9. 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
Flexible configuration
Segregation of duties
Extended ERP components
Material master
10. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
3 way match
SAP R/3
Default
13
11. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Elogistics
Solid implementation plan
Valuation Grouping code
Procurement process
12. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
SAP (Systems - Applications - and Products)
Knowledge management
Payment terms
Valuation Grouping code
13. 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
Company code level
Enterprise Resource System (ERP) Software
Big Bang Method of ERP implementation
Dozen
14. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Tacit knowledge
Tolerance group
Flexible configuration
Content management system
15. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Quotation
Dozen
Unstructured/information
Purchasing tolerances
16. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Social networking analysis
Data warehouse
Hypertext
Company code level
17. Facilitates the automation and management of business processes and controls the movement of work through the business process
Knowledge management systems (KMS)
Shadowing
Workflow management system
Posting periods
18. 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
Core competency
Tacit knowledge
Big Bang Method of ERP implementation
19. Track logistics movement of goods.
Segregation of duties
Structured collaboration
Extended ERP components
Automatic account assignments
20. usiness intelligence - CRM - SCM - e-business
Custom made
Payment terms
Extended ERP components
Taxonomy Creation
21. You have created a vendor master. This vendor be shared at ________
Hypertext
Collaboration system
Company code level
Vendor master records
22. Three things make a _________: Document number. Fiscal Year. Company Code.
Purchasing tolerances
ERP TECHNOLOGY
Proper business analysis
Document unique
23. 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.
Business Analysis Applications
Audit scope and timeframe
Social networking analysis
Payment terms
24. Participation in business processes - such as workflow
Explicit knowledge
Structured collaboration
Knowledge management
Workflow
25. Supports the work of teams by facilitating the sharing and flow of information
Collaboration system
Big Bang Method of ERP implementation
Dozen
Enterprise Resource System (ERP) Software
26. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
SAP (Systems - Applications - and Products)
ERP PEOPLE
Knowledge management systems (KMS)
Document unique
27. All the steps or business rules - from beginning to end - required for a business process
Contracts
Company code level
Posting periods
Workflow
28. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Unstructured/information
Proper business analysis
Phased-In Method of ERP Implementation
Big Bang Method of ERP implementation
29. he financial periods that are posted for reporting purposes - internal and external.
Payment terms
Quotation
Posting periods
Purchasing tolerances
30. Sends work assignments through an e-mail system
Social networking analysis
Shadowing
Workflow management system
Messaging-based workflow system
31. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Segregation of duties
Information partnership
CMS marketplace
Phased-In Method of ERP Implementation
32. Enables organizations to clarify their vision and strategy and translate them into action
Unstructured collaboration
Dozen
Balanced scorecard
Groupware
33. 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
Automatic account assignments
Online analytical processing (OLAP
ERP TECHNOLOGY
Material master
34. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
ERP PROCESS
ERP PEOPLE
XBRL (eXtensible Business Reporting System)
Vendor master records
35. Price Variance. Maximum cash discount variance.
Hypertext
Social networking analysis
Core Applications
Purchasing tolerances
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
Quotation
Taxonomy Creation
Internal business process
Core Applications
37. The steps to completing the ___________ process: Agreement - invoice - payment.
Shadowing
Social networking analysis
Posting periods
Monthly rent payment
38. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Internal control issues
Tolerance group
Information partnership
Peoplesoft
39. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Peoplesoft
Knowledge management systems (KMS)
Material master records
Default
40. A process of mapping a group's contacts to identify who knows whom and who works with whom
Workflow management system
Knowledge management systems (KMS)
Social networking analysis
Oracle
41. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Collaboration system
3 way match
Content management system
Invoice receipt tolerances
42. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Social networking analysis
Valuation Grouping code
Audit scope and timeframe
Company code level
43. Tells whether a transaction is a debit or credit and what G/L account is associated.
Plant level
ERP PROCESS
Posting keys
Enterprise Resource System (ERP) Software
44. The purpose of __________: Audit Trail. Determines the type of document it is.
Document numbers
Explicit knowledge
Workflow
Instantaneously
45. 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
Unstructured collaboration
Document numbers
Internal control issues
Structured collaboration
46. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Business Analysis Applications
Invoice receipt tolerances
Custom made
Shadowing
47. Manages the transportation and storage of goods
Elogistics
Online transaction processing (OLTP)
Procurement process
Business Analysis Applications
48. You have created a material master. This material be shared at _________
3 way match
Instantaneously
Posting periods
Plant level
49. Request for quotation
RFQ
Flexible configuration
CRM
Tolerance group
50. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Invoice receipt tolerances
Unstructured/information
Monthly rent expense
Tolerance group