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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. 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
Collaboration system
Tacit knowledge
Business Analysis Applications
Social networking analysis
2. Supports team interactions
Organizational standardization
Database-based workflow system
Groupware
Contracts
3. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Audit scope and timeframe
Default
Collaboration system
Unstructured/information
4. Three things make a _________: Document number. Fiscal Year. Company Code.
Content management system
Quotation
Document unique
3 way match
5. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
3 way match
Phased-In Method of ERP Implementation
Key Business Exposures
Vendor master records
6. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Knowledge management systems (KMS)
Proper business analysis
Automatic account assignments
SAP (Systems - Applications - and Products)
7. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Custom made
3 way match
Taxonomy Creation
Instance documents
8. Manages the transportation and storage of goods
SAP R/3
Contracts
Explicit knowledge
Elogistics
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
ERP TECHNOLOGY
Structured collaboration
Posting periods
Segregation of duties
10. 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
Monthly rent payment
Proper business analysis
Knowledge management
Flexible configuration
11. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
General ledger accounts
Automatic account assignments
Business Analysis Applications
ERP PEOPLE
12. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Internal business process
Core Applications
Flexible configuration
Purchasing tolerances
13. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Data warehouse
Dozen
Segregation of duties
Balanced scorecard
14. 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
Posting periods
Solid implementation plan
Oracle
Big Bang Method of ERP implementation
15. 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
RFQ
Dozen
Payment terms
Online analytical processing (OLAP
16. The purpose of __________: Audit Trail. Determines the type of document it is.
Oracle
Procurement process
Document unique
Document numbers
17. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
ERP PEOPLE
Vendor master records
Process insurance expense
Valuation Grouping code
18. Posting periods in FF
Extended ERP components
Key Business Exposures
13
Solid implementation plan
19. Includes support for multicountry - multicurrency environments and wide scalability
Instance documents
SAP R/3
Workflow
Taxonomy Creation
20. Enables organizations to clarify their vision and strategy and translate them into action
Balanced scorecard
Shadowing
Custom made
Material master records
21. Participation in business processes - such as workflow
Process insurance expense
Automatic account assignments
Structured collaboration
Workflow
22. Supports the work of teams by facilitating the sharing and flow of information
Material master records
Collaboration system
Contracts
Internal business process
23. Anything that can be documented - archived - and codified - often with the help of IT
Knowledge management
Explicit knowledge
Organizational standardization
ERP PEOPLE
24. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Shadowing
Hypertext
Optimize business performance
Information partnership
25. 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 TECHNOLOGY
Quality Contract
Core competency
Online transaction processing (OLTP)
26. Price Variance. Maximum cash discount variance.
Balanced scorecard
Purchasing tolerances
13
Information partnership
27. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Core ERP components
CMS marketplace
Monthly rent expense
General ledger accounts
28. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Instantaneously
Procurement process
RFQ
Purchasing tolerances
29. Sends work assignments through an e-mail system
Elogistics
ERP PEOPLE
Messaging-based workflow system
Document types
30. A process of mapping a group's contacts to identify who knows whom and who works with whom
Material master records
Document unique
Contracts
Social networking analysis
31. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Social networking analysis
Monthly rent payment
Plant level
Tolerance group
32. Request for quotation
Instance documents
Internal control issues
Phased-In Method of ERP Implementation
RFQ
33. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Optimize business performance
Phased-In Method of ERP Implementation
XML (eXtensible Markup Language)
Information partnership
34. Document exchange - shared whiteboards - discussion forums - email
Unstructured collaboration
XML (eXtensible Markup Language)
Contracts
Key Business Exposures
35. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Groupware
Company code level
Optimize business performance
Process insurance expense
36. You have created a vendor master. This vendor be shared at ________
Hypertext
Proper business analysis
Company code level
CMS marketplace
37. usiness intelligence - CRM - SCM - e-business
Solid implementation plan
Extended ERP components
Posting keys
Company code level
38. Includes what management systems: document MS - digital asset MS - web content MS
Contracts
CMS marketplace
Flexible configuration
Database-based workflow system
39. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Core Applications
Balanced scorecard
Enterprise Resource System (ERP) Software
Online transaction processing (OLTP)
40. Account and finance - production and materials management - human resource
Core ERP components
Posting keys
SAP (Systems - Applications - and Products)
Tacit knowledge
41. An outline agreement
CMS marketplace
Explicit knowledge
Contracts
Default
42. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
3 way match
Groupware
XBRL (eXtensible Business Reporting System)
Big Bang Method of ERP implementation
43. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Document types
Internal business process
Shadowing
Material master records
44. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
Hypertext
Balanced scorecard
General ledger accounts
ERP PROCESS
45. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Tacit knowledge
Peoplesoft
Solid implementation plan
Internal control issues
46. Facilitates the automation and management of business processes and controls the movement of work through the business process
Workflow management system
Vendor master records
ERP PEOPLE
Messaging-based workflow system
47. An organization's key strength - the business function that it does better than any of its competitors
Core competency
Unstructured/information
ERP PROCESS
Peoplesoft
48. 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
13
Taxonomy Creation
Procurement process
Invoice receipt tolerances
49. Tell us who is responsible for the document and when it was created.
Hypertext
Document principles
Custom made
Messaging-based workflow system
50. The global leader with 30 to 60% of the ERP market
13
Messaging-based workflow system
SAP (Systems - Applications - and Products)
Document unique