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 document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Structured collaboration
ERP PROCESS
Quotation
Explicit knowledge
2. A process of mapping a group's contacts to identify who knows whom and who works with whom
Social networking analysis
RFQ
Contracts
ERP PROCESS
3. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Document types
Information partnership
Instantaneously
Posting periods
4. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Tacit knowledge
Tolerance group
Enterprise Resource System (ERP) Software
Payment is too high or low
5. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Social networking analysis
Procurement process
Oracle
3 way match
6. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Automatic account assignments
ERP TECHNOLOGY
Instance documents
Online transaction processing (OLTP)
7. 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
Hypertext
Audit scope and timeframe
Custom made
8. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Contracts
Unstructured/information
Knowledge management
Procurement process
9. Three things make a _________: Document number. Fiscal Year. Company Code.
Custom made
Procurement process
Internal control issues
Document unique
10. Track logistics movement of goods.
Process insurance expense
Oracle
Automatic account assignments
Core ERP components
11. 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
RFQ
Valuation Grouping code
Workflow management system
Online analytical processing (OLAP
12. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Database-based workflow system
Content management system
Knowledge management systems (KMS)
Material master records
13. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Internal control issues
Social networking analysis
Knowledge management
Internal business process
14. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Contracts
Proper business analysis
Structured collaboration
Solid implementation plan
15. 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
Payment is too high or low
Knowledge management systems (KMS)
Process insurance expense
Custom made
16. Tells whether a transaction is a debit or credit and what G/L account is associated.
Content management system
Core Applications
Online transaction processing (OLTP)
Posting keys
17. The steps to completing the ___________ process: Agreement - invoice - payment.
Monthly rent payment
Contracts
ERP PROCESS
Automatic account assignments
18. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Payment is too high or low
Shadowing
Business Analysis Applications
Business Analysis Applications
19. 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
Business Analysis Applications
Contracts
Enterprise Resource System (ERP) Software
Tacit knowledge
20. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Invoice receipt tolerances
Peoplesoft
Internal business process
Flexible configuration
21. Account and finance - production and materials management - human resource
Optimize business performance
Structured collaboration
ERP PROCESS
Core ERP components
22. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Shadowing
Payment terms
Document numbers
Audit scope and timeframe
23. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Company code level
XBRL (eXtensible Business Reporting System)
Taxonomy Creation
Payment is too high or low
24. You have created a vendor master. This vendor be shared at ________
Instantaneously
Company code level
Peoplesoft
Social networking analysis
25. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Tacit knowledge
Internal business process
Groupware
Workflow
26. All the steps or business rules - from beginning to end - required for a business process
Workflow
Business Analysis Applications
Process insurance expense
Solid implementation plan
27. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Document types
Custom made
Online transaction processing (OLTP)
Balanced scorecard
28. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Peoplesoft
Workflow
Information partnership
Flexible configuration
29. You have created a material master. This material be shared at _________
ERP TECHNOLOGY
Information partnership
Balanced scorecard
Plant level
30. 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.
Knowledge management systems (KMS)
Default
General ledger accounts
Automatic account assignments
31. The two main ERP applications: Core Applications and ___________
Balanced scorecard
XBRL (eXtensible Business Reporting System)
Organizational standardization
Business Analysis Applications
32. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Tolerance group
Core ERP components
Business Analysis Applications
Oracle
33. Manages the transportation and storage of goods
Elogistics
Tolerance group
Core Applications
Business Analysis Applications
34. The primary reason for data warehousing is to _______________
Posting periods
Optimize business performance
Database-based workflow system
CMS marketplace
35. A meta-language for describing markup languages
Internal business process
XML (eXtensible Markup Language)
Default
Audit scope and timeframe
36. 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
Custom made
XBRL (eXtensible Business Reporting System)
Flexible configuration
Process insurance expense
37. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Payment terms
Online transaction processing (OLTP)
Audit scope and timeframe
Process insurance expense
38. 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
Monthly rent expense
Vendor master records
Instantaneously
Dozen
39. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Structured collaboration
Material master records
Phased-In Method of ERP Implementation
Explicit knowledge
40. 2 categories of collaboration systems: __________ - structured/process
Big Bang Method of ERP implementation
Unstructured/information
Process insurance expense
XML (eXtensible Markup Language)
41. Includes what management systems: document MS - digital asset MS - web content MS
Custom made
Knowledge management
CMS marketplace
Content management system
42. 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
Organizational standardization
Information partnership
Business Analysis Applications
Purchasing tolerances
43. 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
Knowledge management
Unstructured collaboration
Invoice receipt tolerances
Process insurance expense
44. The global leader with 30 to 60% of the ERP market
SAP (Systems - Applications - and Products)
Instance documents
Content management system
ERP PROCESS
45. Price Variance. Maximum cash discount variance.
Purchasing tolerances
Peoplesoft
Online transaction processing (OLTP)
Instance documents
46. 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
Document types
Contracts
Collaboration system
Internal control issues
47. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Business Analysis Applications
Vendor master records
Hypertext
Document types
48. Tell us who is responsible for the document and when it was created.
Valuation Grouping code
Shadowing
Document principles
Contracts
49. An outline agreement
Elogistics
3 way match
Social networking analysis
Contracts
50. Anything that can be documented - archived - and codified - often with the help of IT
Document types
Explicit knowledge
Posting keys
Internal control issues