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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
Document unique
Audit scope and timeframe
Database-based workflow system
Explicit knowledge
2. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
Material master records
ERP PROCESS
Extended ERP components
Core competency
3. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Hypertext
Business Analysis Applications
Monthly rent payment
Material master records
4. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Messaging-based workflow system
Information partnership
Audit scope and timeframe
Monthly rent expense
5. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Contracts
Material master
Custom made
Phased-In Method of ERP Implementation
6. A _____ is needed to monitor the quality - objectives - and timelines
Groupware
Solid implementation plan
Unstructured collaboration
CRM
7. The second largest ERP vendor
Oracle
Balanced scorecard
Document unique
Instantaneously
8. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
3 way match
Tolerance group
Company code level
Unstructured collaboration
9. usiness intelligence - CRM - SCM - e-business
Flexible configuration
13
Extended ERP components
Phased-In Method of ERP Implementation
10. Document exchange - shared whiteboards - discussion forums - email
Unstructured collaboration
XBRL (eXtensible Business Reporting System)
Material master records
Instance documents
11. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Tacit knowledge
Core competency
Proper business analysis
Phased-In Method of ERP Implementation
12. 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
Document types
ERP TECHNOLOGY
Quotation
Peoplesoft
13. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Document principles
Valuation Grouping code
Vendor master records
Key Business Exposures
14. 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
Elogistics
Document unique
Core Applications
Extended ERP components
15. Posting periods in FF
Key Business Exposures
Instance documents
Company code level
13
16. Three things make a _________: Document number. Fiscal Year. Company Code.
Document unique
Procurement process
Material master
Hypertext
17. The purpose of __________: Audit Trail. Determines the type of document it is.
Vendor master records
Document numbers
Posting periods
Online transaction processing (OLTP)
18. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Material master
Quotation
Core competency
Workflow management system
19. 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
Oracle
Online analytical processing (OLAP
Segregation of duties
20. An outline agreement
SAP (Systems - Applications - and Products)
Vendor master records
Document principles
Contracts
21. he financial periods that are posted for reporting purposes - internal and external.
Posting periods
Tacit knowledge
Data warehouse
ERP PEOPLE
22. 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
Big Bang Method of ERP implementation
Material master
Posting keys
Information partnership
23. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Enterprise Resource System (ERP) Software
Plant level
Content management system
Document unique
24. Supports the work of teams by facilitating the sharing and flow of information
Workflow
General ledger accounts
Monthly rent expense
Collaboration system
25. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
ERP PEOPLE
Document types
Valuation Grouping code
Audit scope and timeframe
26. Tell us who is responsible for the document and when it was created.
Taxonomy Creation
Document principles
Extended ERP components
13
27. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Quotation
Material master records
Tacit knowledge
Monthly rent expense
28. Supports team interactions
Hypertext
Taxonomy Creation
Groupware
XBRL (eXtensible Business Reporting System)
29. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Core ERP components
Phased-In Method of ERP Implementation
Optimize business performance
XBRL (eXtensible Business Reporting System)
30. A process of mapping a group's contacts to identify who knows whom and who works with whom
Company code level
Taxonomy Creation
Messaging-based workflow system
Social networking analysis
31. Manages the transportation and storage of goods
Big Bang Method of ERP implementation
Procurement process
Elogistics
Hypertext
32. Price Variance. Maximum cash discount variance.
Core competency
Core Applications
Purchasing tolerances
Content management system
33. 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
Balanced scorecard
Online analytical processing (OLAP
Document principles
Peoplesoft
34. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Unstructured collaboration
Big Bang Method of ERP implementation
Dozen
Data warehouse
35. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Elogistics
Internal business process
Extended ERP components
Instance documents
36. Includes what management systems: document MS - digital asset MS - web content MS
Document principles
Procurement process
Taxonomy Creation
CMS marketplace
37. 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
Database-based workflow system
ERP TECHNOLOGY
Core Applications
Automatic account assignments
38. Includes support for multicountry - multicurrency environments and wide scalability
Key Business Exposures
Phased-In Method of ERP Implementation
SAP R/3
Proper business analysis
39. You have created a material master. This material be shared at _________
Shadowing
XBRL (eXtensible Business Reporting System)
Plant level
Dozen
40. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Collaboration system
Optimize business performance
Content management system
Vendor master records
41. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Material master
Taxonomy Creation
Peoplesoft
Internal business process
42. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Core competency
Shadowing
Payment is too high or low
Knowledge management
43. Anything that can be documented - archived - and codified - often with the help of IT
Online analytical processing (OLAP
Explicit knowledge
Valuation Grouping code
Document principles
44. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Internal business process
Plant level
General ledger accounts
Shadowing
45. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Quality Contract
Organizational standardization
Workflow
Enterprise Resource System (ERP) Software
46. Participation in business processes - such as workflow
Tacit knowledge
Unstructured collaboration
Instance documents
Structured collaboration
47. 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
13
Company code level
Solid implementation plan
48. Tells whether a transaction is a debit or credit and what G/L account is associated.
ERP PEOPLE
Shadowing
Tolerance group
Posting keys
49. Account and finance - production and materials management - human resource
Core ERP components
Social networking analysis
Company code level
Valuation Grouping code
50. An organization's key strength - the business function that it does better than any of its competitors
Taxonomy Creation
Document numbers
Core competency
Segregation of duties