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Test your basic knowledge |
ERP: Enterprise Resource Planning
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Subject
:
it-skills
Instructions:
Answer 50 questions in 15 minutes.
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.
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. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Structured collaboration
Company code level
Monthly rent expense
Quotation
2. Price Variance. Maximum cash discount variance.
Purchasing tolerances
Database-based workflow system
General ledger accounts
13
3. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Solid implementation plan
Proper business analysis
Default
Invoice receipt tolerances
4. 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
Document numbers
Flexible configuration
Shadowing
5. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Hypertext
Knowledge management
Optimize business performance
Structured collaboration
6. All the steps or business rules - from beginning to end - required for a business process
Extended ERP components
Workflow
Organizational standardization
SAP R/3
7. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Hypertext
ERP PEOPLE
SAP R/3
Material master
8. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Explicit knowledge
Business Analysis Applications
Elogistics
Tacit knowledge
9. Anything that can be documented - archived - and codified - often with the help of IT
XML (eXtensible Markup Language)
Balanced scorecard
Explicit knowledge
Document numbers
10. An organization's key strength - the business function that it does better than any of its competitors
Balanced scorecard
Material master
Core competency
3 way match
11. 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
Tolerance group
Internal control issues
Monthly rent payment
Payment terms
12. Enables organizations to clarify their vision and strategy and translate them into action
Shadowing
Tacit knowledge
Balanced scorecard
Knowledge management
13. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Internal business process
Instance documents
Document principles
Payment is too high or low
14. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Vendor master records
XBRL (eXtensible Business Reporting System)
Invoice receipt tolerances
Payment terms
15. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Monthly rent payment
Document numbers
General ledger accounts
Instance documents
16. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Organizational standardization
Social networking analysis
3 way match
Optimize business performance
17. 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
Document unique
Posting keys
SAP R/3
Dozen
18. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Document unique
Optimize business performance
Phased-In Method of ERP Implementation
Unstructured collaboration
19. The purpose of __________: Audit Trail. Determines the type of document it is.
Document numbers
Document principles
Data warehouse
Shadowing
20. The primary reason for data warehousing is to _______________
Monthly rent expense
Data warehouse
Social networking analysis
Optimize business performance
21. 2 categories of collaboration systems: __________ - structured/process
Unstructured/information
Online analytical processing (OLAP
Key Business Exposures
Groupware
22. Includes what management systems: document MS - digital asset MS - web content MS
Structured collaboration
Optimize business performance
Collaboration system
CMS marketplace
23. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Quality Contract
Messaging-based workflow system
Unstructured/information
Proper business analysis
24. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Plant level
XML (eXtensible Markup Language)
Elogistics
Enterprise Resource System (ERP) Software
25. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Workflow management system
CRM
Quotation
XBRL (eXtensible Business Reporting System)
26. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Tacit knowledge
CRM
Monthly rent expense
Knowledge management
27. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Knowledge management systems (KMS)
Taxonomy Creation
Extended ERP components
Payment is too high or low
28. Supports team interactions
Database-based workflow system
Groupware
ERP PEOPLE
Posting periods
29. For what reasons might a company refuse payment of an invoice from a vendor: It might be refused because the _____________ - the quantity of the shipment is too high or too low - could be a damaged good - a wrong good - or may have arrived before or
Social networking analysis
Payment is too high or low
XML (eXtensible Markup Language)
Document principles
30. usiness intelligence - CRM - SCM - e-business
Core ERP components
Knowledge management
Peoplesoft
Extended ERP components
31. 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
Quotation
Process insurance expense
CMS marketplace
32. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Data warehouse
CMS marketplace
Information partnership
Messaging-based workflow system
33. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Key Business Exposures
Social networking analysis
Peoplesoft
Valuation Grouping code
34. Supports the work of teams by facilitating the sharing and flow of information
Document numbers
Instantaneously
Collaboration system
Payment is too high or low
35. 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
Key Business Exposures
Database-based workflow system
Posting keys
Instantaneously
36. 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
CRM
Quotation
Business Analysis Applications
Invoice receipt tolerances
37. Manages the transportation and storage of goods
Elogistics
Invoice receipt tolerances
Document unique
Automatic account assignments
38. The second largest ERP vendor
Collaboration system
ERP TECHNOLOGY
Oracle
Optimize business performance
39. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Business Analysis Applications
ERP PEOPLE
Document types
Automatic account assignments
40. Benefits of ERP: 1) ERPs employ proven best practices - 2) Enable _____________ 3) Improve information management including eliminating duplicative systems - providing on-line and real-time info - and facilitating intra- and inter-organizational comm
Phased-In Method of ERP Implementation
Extended ERP components
Organizational standardization
Taxonomy Creation
41. You have created a material master. This material be shared at _________
XML (eXtensible Markup Language)
Plant level
Big Bang Method of ERP implementation
Process insurance expense
42. Participation in business processes - such as workflow
Document principles
Messaging-based workflow system
Structured collaboration
Optimize business performance
43. Posting periods in FF
Taxonomy Creation
13
Document numbers
Valuation Grouping code
44. A _____ is needed to monitor the quality - objectives - and timelines
Vendor master records
Posting periods
13
Solid implementation plan
45. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Audit scope and timeframe
Explicit knowledge
Material master records
Instance documents
46. 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
Online transaction processing (OLTP)
ERP TECHNOLOGY
Knowledge management
Organizational standardization
47. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Core ERP components
Online analytical processing (OLAP
Material master records
Knowledge management systems (KMS)
48. The types of contracts: Quantity Contract - ___________
Workflow
Quality Contract
Database-based workflow system
Unstructured collaboration
49. 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
Collaboration system
Groupware
XBRL (eXtensible Business Reporting System)
Core Applications
50. Request for quotation
RFQ
Material master records
Invoice receipt tolerances
Proper business analysis
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