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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. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
XBRL (eXtensible Business Reporting System)
Instance documents
General ledger accounts
Groupware
2. Tells whether a transaction is a debit or credit and what G/L account is associated.
Plant level
Material master
Posting keys
Payment is too high or low
3. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Solid implementation plan
Internal business process
Social networking analysis
Process insurance expense
4. All the steps or business rules - from beginning to end - required for a business process
Workflow
General ledger accounts
Payment is too high or low
Tacit knowledge
5. Account and finance - production and materials management - human resource
Content management system
Social networking analysis
Knowledge management systems (KMS)
Core ERP components
6. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Collaboration system
Phased-In Method of ERP Implementation
Material master records
Tolerance group
7. Request for quotation
Unstructured/information
Company code level
RFQ
Posting periods
8. You have created a material master. This material be shared at _________
Social networking analysis
Internal control issues
Plant level
Quality Contract
9. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Material master
Tacit knowledge
Core competency
Messaging-based workflow system
10. Three things make a _________: Document number. Fiscal Year. Company Code.
Document unique
ERP TECHNOLOGY
Organizational standardization
Key Business Exposures
11. 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
Quality Contract
13
XBRL (eXtensible Business Reporting System)
Payment is too high or low
12. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Knowledge management systems (KMS)
Knowledge management
Hypertext
Payment terms
13. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Peoplesoft
Document principles
Quality Contract
Data warehouse
14. Track logistics movement of goods.
3 way match
Invoice receipt tolerances
Workflow
Automatic account assignments
15. he financial periods that are posted for reporting purposes - internal and external.
Social networking analysis
Quality Contract
Oracle
Posting periods
16. 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 principles
Dozen
Business Analysis Applications
Material master records
17. 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
Oracle
13
Proper business analysis
18. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Process insurance expense
Big Bang Method of ERP implementation
Tolerance group
Proper business analysis
19. An organization's key strength - the business function that it does better than any of its competitors
Contracts
Unstructured/information
Core competency
Groupware
20. Document exchange - shared whiteboards - discussion forums - email
Core ERP components
Unstructured collaboration
Valuation Grouping code
Collaboration system
21. 2 categories of collaboration systems: __________ - structured/process
Online analytical processing (OLAP
Flexible configuration
Procurement process
Unstructured/information
22. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Phased-In Method of ERP Implementation
Business Analysis Applications
Data warehouse
Proper business analysis
23. The primary reason for data warehousing is to _______________
CRM
XBRL (eXtensible Business Reporting System)
Solid implementation plan
Optimize business performance
24. 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
Online analytical processing (OLAP
Peoplesoft
Core Applications
Unstructured collaboration
25. A _____ is needed to monitor the quality - objectives - and timelines
Hypertext
Balanced scorecard
Document types
Solid implementation plan
26. usiness intelligence - CRM - SCM - e-business
Proper business analysis
ERP TECHNOLOGY
Business Analysis Applications
Extended ERP components
27. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Big Bang Method of ERP implementation
Internal business process
Payment is too high or low
Online transaction processing (OLTP)
28. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
ERP PEOPLE
Material master
Purchasing tolerances
Procurement process
29. 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
Quotation
Explicit knowledge
Invoice receipt tolerances
Optimize business performance
30. Tell us who is responsible for the document and when it was created.
Organizational standardization
Business Analysis Applications
Big Bang Method of ERP implementation
Document principles
31. Supports the work of teams by facilitating the sharing and flow of information
Instance documents
Monthly rent expense
Internal control issues
Collaboration system
32. A meta-language for describing markup languages
Information partnership
Workflow management system
XML (eXtensible Markup Language)
Enterprise Resource System (ERP) Software
33. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Process insurance expense
Instantaneously
Custom made
Social networking analysis
34. 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
Default
Instantaneously
Online analytical processing (OLAP
Quotation
35. Facilitates the automation and management of business processes and controls the movement of work through the business process
Material master
Workflow management system
Workflow
Explicit knowledge
36. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Hypertext
Business Analysis Applications
Groupware
Core ERP components
37. Includes what management systems: document MS - digital asset MS - web content MS
Internal business process
CMS marketplace
Solid implementation plan
Monthly rent expense
38. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Company code level
Document types
Online analytical processing (OLAP
Information partnership
39. 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
Quality Contract
Internal control issues
Online transaction processing (OLTP)
Online analytical processing (OLAP
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
Organizational standardization
Document unique
Information partnership
13
41. You have created a vendor master. This vendor be shared at ________
Instantaneously
Oracle
Company code level
Solid implementation plan
42. Supports team interactions
13
Big Bang Method of ERP implementation
Knowledge management systems (KMS)
Groupware
43. The second largest ERP vendor
Core ERP components
Tolerance group
Automatic account assignments
Oracle
44. Participation in business processes - such as workflow
Structured collaboration
Phased-In Method of ERP Implementation
Monthly rent expense
Business Analysis Applications
45. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Contracts
General ledger accounts
Audit scope and timeframe
Unstructured collaboration
46. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
ERP PROCESS
Solid implementation plan
Tacit knowledge
Online analytical processing (OLAP
47. Price Variance. Maximum cash discount variance.
Purchasing tolerances
Core ERP components
Material master
Default
48. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
Purchasing tolerances
Dozen
CRM
Instantaneously
49. 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
Posting keys
Database-based workflow system
Document numbers
Shadowing
50. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Posting keys
Default
Instantaneously
Vendor master records