SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. A process of mapping a group's contacts to identify who knows whom and who works with whom
Peoplesoft
Social networking analysis
Database-based workflow system
Monthly rent expense
2. 2 categories of collaboration systems: __________ - structured/process
Extended ERP components
Unstructured/information
Enterprise Resource System (ERP) Software
Plant level
3. Supports the work of teams by facilitating the sharing and flow of information
Database-based workflow system
Internal control issues
Collaboration system
3 way match
4. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Taxonomy Creation
Vendor master records
Core ERP components
General ledger accounts
5. Facilitates the automation and management of business processes and controls the movement of work through the business process
Oracle
Elogistics
Material master records
Workflow management system
6. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
Audit scope and timeframe
ERP PEOPLE
Social networking analysis
Core Applications
7. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Material master records
XML (eXtensible Markup Language)
SAP (Systems - Applications - and Products)
Tolerance group
8. The global leader with 30 to 60% of the ERP market
SAP (Systems - Applications - and Products)
Quotation
Custom made
ERP PEOPLE
9. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Payment terms
Flexible configuration
Vendor master records
Unstructured/information
10. A _____ is needed to monitor the quality - objectives - and timelines
Core ERP components
Solid implementation plan
Elogistics
Data warehouse
11. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Tolerance group
Core competency
Messaging-based workflow system
Enterprise Resource System (ERP) Software
12. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Shadowing
Big Bang Method of ERP implementation
Peoplesoft
Material master records
13. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Core ERP components
General ledger accounts
Data warehouse
CMS marketplace
14. Tells whether a transaction is a debit or credit and what G/L account is associated.
Payment terms
Default
Posting keys
Quality Contract
15. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
SAP R/3
Quotation
Vendor master records
Segregation of duties
16. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Audit scope and timeframe
Dozen
Elogistics
Posting periods
17. 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
ERP PEOPLE
Plant level
ERP TECHNOLOGY
Invoice receipt tolerances
18. 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.
Enterprise Resource System (ERP) Software
Payment terms
ERP PROCESS
Business Analysis Applications
19. You have created a material master. This material be shared at _________
Oracle
Tacit knowledge
Online transaction processing (OLTP)
Plant level
20. Account and finance - production and materials management - human resource
Extended ERP components
SAP R/3
Core ERP components
Structured collaboration
21. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Elogistics
Explicit knowledge
Enterprise Resource System (ERP) Software
Collaboration system
22. Price Variance. Maximum cash discount variance.
CRM
Taxonomy Creation
Automatic account assignments
Purchasing tolerances
23. 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
Posting keys
Optimize business performance
Segregation of duties
Plant level
24. Track logistics movement of goods.
Big Bang Method of ERP implementation
Invoice receipt tolerances
Knowledge management
Automatic account assignments
25. Three things make a _________: Document number. Fiscal Year. Company Code.
3 way match
Instance documents
Document unique
Database-based workflow system
26. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
XBRL (eXtensible Business Reporting System)
Elogistics
Audit scope and timeframe
General ledger accounts
27. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Core Applications
Instance documents
Tolerance group
Groupware
28. The steps to completing the ___________ process: Agreement - invoice - payment.
Monthly rent payment
CMS marketplace
Unstructured collaboration
Business Analysis Applications
29. 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
SAP R/3
Document unique
Optimize business performance
Flexible configuration
30. Anything that can be documented - archived - and codified - often with the help of IT
Explicit knowledge
Document types
ERP TECHNOLOGY
Structured collaboration
31. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Knowledge management systems (KMS)
3 way match
Valuation Grouping code
ERP PEOPLE
32. 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
ERP PROCESS
Big Bang Method of ERP implementation
Online analytical processing (OLAP
Proper business analysis
33. 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
Tolerance group
Shadowing
Internal business process
34. 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
SAP (Systems - Applications - and Products)
Posting periods
Organizational standardization
ERP TECHNOLOGY
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
Database-based workflow system
Data warehouse
Instantaneously
Dozen
36. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Flexible configuration
Default
XML (eXtensible Markup Language)
Content management system
37. The two main ERP applications: Core Applications and ___________
Business Analysis Applications
Tolerance group
Optimize business performance
RFQ
38. You have created a vendor master. This vendor be shared at ________
Company code level
Unstructured/information
Online analytical processing (OLAP
Core Applications
39. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
SAP (Systems - Applications - and Products)
Business Analysis Applications
Valuation Grouping code
CRM
40. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Company code level
Core competency
Invoice receipt tolerances
Procurement process
41. All the steps or business rules - from beginning to end - required for a business process
Workflow
SAP (Systems - Applications - and Products)
Document types
Business Analysis Applications
42. An organization's key strength - the business function that it does better than any of its competitors
Core competency
Instantaneously
Structured collaboration
ERP TECHNOLOGY
43. Posting periods in FF
13
ERP PEOPLE
3 way match
Knowledge management
44. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Tacit knowledge
Workflow
Shadowing
Information partnership
45. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
SAP (Systems - Applications - and Products)
Collaboration system
Material master records
Proper business analysis
46. An outline agreement
Material master records
XML (eXtensible Markup Language)
Posting keys
Contracts
47. 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.
ERP TECHNOLOGY
Internal business process
General ledger accounts
Tacit knowledge
48. 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
13
Internal business process
Internal control issues
Tacit knowledge
49. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Content management system
Custom made
RFQ
Online analytical processing (OLAP
50. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
ERP PROCESS
Hypertext
Shadowing
Dozen