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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 steps to completing the ___________ process: Agreement - invoice - payment.
Solid implementation plan
Optimize business performance
Posting periods
Monthly rent payment
2. 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
Segregation of duties
ERP PROCESS
ERP TECHNOLOGY
Taxonomy Creation
3. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Payment terms
Monthly rent expense
Taxonomy Creation
Tacit knowledge
4. 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
Dozen
Database-based workflow system
Custom made
Process insurance expense
5. 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.
Workflow
Internal business process
Oracle
General ledger accounts
6. Includes what management systems: document MS - digital asset MS - web content MS
CMS marketplace
Taxonomy Creation
Collaboration system
Document principles
7. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Peoplesoft
3 way match
Oracle
Valuation Grouping code
8. 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
SAP (Systems - Applications - and Products)
Online analytical processing (OLAP
Online transaction processing (OLTP)
Shadowing
9. The global leader with 30 to 60% of the ERP market
Invoice receipt tolerances
Solid implementation plan
Big Bang Method of ERP implementation
SAP (Systems - Applications - and Products)
10. usiness intelligence - CRM - SCM - e-business
Segregation of duties
Vendor master records
Extended ERP components
XML (eXtensible Markup Language)
11. 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
Purchasing tolerances
ERP TECHNOLOGY
Instantaneously
Default
12. 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
Internal control issues
Material master records
Social networking analysis
Payment is too high or low
13. 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.
Phased-In Method of ERP Implementation
Contracts
Purchasing tolerances
Payment terms
14. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Process insurance expense
Content management system
Internal control issues
Tolerance group
15. 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
Workflow
Enterprise Resource System (ERP) Software
Instance documents
16. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Valuation Grouping code
Default
Proper business analysis
Peoplesoft
17. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Automatic account assignments
Document types
Knowledge management systems (KMS)
Document numbers
18. 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
RFQ
Flexible configuration
Invoice receipt tolerances
Material master
19. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
ERP TECHNOLOGY
Content management system
Dozen
Tacit knowledge
20. Supports the work of teams by facilitating the sharing and flow of information
Plant level
Key Business Exposures
Collaboration system
Data warehouse
21. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Shadowing
Online transaction processing (OLTP)
Internal business process
Instance documents
22. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Automatic account assignments
Procurement process
General ledger accounts
Oracle
23. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Online transaction processing (OLTP)
Messaging-based workflow system
Instantaneously
Document types
24. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Balanced scorecard
ERP PEOPLE
Enterprise Resource System (ERP) Software
Phased-In Method of ERP Implementation
25. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Invoice receipt tolerances
Groupware
Knowledge management systems (KMS)
Vendor master records
26. 2 categories of collaboration systems: __________ - structured/process
Unstructured/information
Core ERP components
Monthly rent payment
Document principles
27. Enables organizations to clarify their vision and strategy and translate them into action
Balanced scorecard
Enterprise Resource System (ERP) Software
Phased-In Method of ERP Implementation
ERP PEOPLE
28. The two main ERP applications: Core Applications and ___________
Business Analysis Applications
Hypertext
Internal control issues
Internal business process
29. Participation in business processes - such as workflow
CMS marketplace
General ledger accounts
Purchasing tolerances
Structured collaboration
30. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Invoice receipt tolerances
Shadowing
Internal business process
Document types
31. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Vendor master records
Content management system
Tacit knowledge
Audit scope and timeframe
32. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Data warehouse
SAP (Systems - Applications - and Products)
Peoplesoft
Monthly rent expense
33. A process of mapping a group's contacts to identify who knows whom and who works with whom
Data warehouse
Workflow management system
Social networking analysis
Instance documents
34. 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
Solid implementation plan
Elogistics
Extended ERP components
Flexible configuration
35. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Internal control issues
Key Business Exposures
Valuation Grouping code
Material master records
36. A _____ is needed to monitor the quality - objectives - and timelines
Solid implementation plan
Hypertext
Workflow management system
Document unique
37. Price Variance. Maximum cash discount variance.
Taxonomy Creation
Purchasing tolerances
Document principles
Online analytical processing (OLAP
38. The purpose of __________: Audit Trail. Determines the type of document it is.
Document numbers
Quality Contract
Core ERP components
Organizational standardization
39. All the steps or business rules - from beginning to end - required for a business process
Material master
Plant level
Dozen
Workflow
40. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Valuation Grouping code
SAP R/3
Contracts
Information partnership
41. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Quotation
Automatic account assignments
Material master
Monthly rent expense
42. Sends work assignments through an e-mail system
Solid implementation plan
Messaging-based workflow system
Tacit knowledge
Core competency
43. Facilitates the automation and management of business processes and controls the movement of work through the business process
Monthly rent expense
Organizational standardization
Workflow management system
ERP PEOPLE
44. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Instance documents
Data warehouse
Core ERP components
Dozen
45. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Oracle
Quality Contract
Enterprise Resource System (ERP) Software
Procurement process
46. Supports team interactions
Custom made
Groupware
Social networking analysis
Document unique
47. 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
Core Applications
Instantaneously
Online analytical processing (OLAP
Content management system
48. The primary reason for data warehousing is to _______________
Optimize business performance
Quality Contract
Business Analysis Applications
Material master records
49. 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
Data warehouse
Payment terms
Business Analysis Applications
XBRL (eXtensible Business Reporting System)
50. The second largest ERP vendor
CMS marketplace
Oracle
13
Structured collaboration