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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. 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
Dozen
Organizational standardization
Automatic account assignments
2. 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
Phased-In Method of ERP Implementation
Company code level
Quotation
3. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Hypertext
Payment is too high or low
Solid implementation plan
Flexible configuration
4. 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
Material master
Posting keys
Online analytical processing (OLAP
Tolerance group
5. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Automatic account assignments
Quotation
Quality Contract
Posting keys
6. Document exchange - shared whiteboards - discussion forums - email
Shadowing
Valuation Grouping code
Unstructured collaboration
Company code level
7. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Knowledge management
Posting keys
Workflow
Online analytical processing (OLAP
8. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Posting keys
Instance documents
CMS marketplace
Collaboration system
9. 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
Enterprise Resource System (ERP) Software
Core Applications
Document types
ERP PROCESS
10. 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.
Internal business process
General ledger accounts
XBRL (eXtensible Business Reporting System)
CRM
11. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Enterprise Resource System (ERP) Software
Document unique
Balanced scorecard
RFQ
12. Facilitates the automation and management of business processes and controls the movement of work through the business process
Groupware
Workflow management system
Explicit knowledge
Enterprise Resource System (ERP) Software
13. Request for quotation
Tolerance group
Document principles
General ledger accounts
RFQ
14. An outline agreement
Invoice receipt tolerances
Online transaction processing (OLTP)
Contracts
Unstructured collaboration
15. 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
Tolerance group
Extended ERP components
ERP TECHNOLOGY
Document unique
16. 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
Internal control issues
CRM
Posting periods
Flexible configuration
17. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Elogistics
Core ERP components
Internal business process
Workflow management system
18. The two main ERP applications: Core Applications and ___________
Procurement process
Dozen
Flexible configuration
Business Analysis Applications
19. 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
Segregation of duties
Quotation
CMS marketplace
Workflow
20. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Peoplesoft
Payment terms
SAP (Systems - Applications - and Products)
Document types
21. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Custom made
XML (eXtensible Markup Language)
Contracts
Explicit knowledge
22. The steps to completing the ___________ process: Agreement - invoice - payment.
Phased-In Method of ERP Implementation
Monthly rent payment
Tolerance group
ERP TECHNOLOGY
23. 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
Dozen
Purchasing tolerances
ERP PEOPLE
24. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Oracle
3 way match
Extended ERP components
Document principles
25. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Messaging-based workflow system
ERP PEOPLE
Taxonomy Creation
SAP R/3
26. 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
Internal control issues
Groupware
Monthly rent expense
SAP R/3
27. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Workflow
Knowledge management
ERP PROCESS
Document types
28. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Procurement process
Balanced scorecard
Contracts
Oracle
29. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Default
Purchasing tolerances
Quotation
Document unique
30. usiness intelligence - CRM - SCM - e-business
Knowledge management systems (KMS)
Contracts
Enterprise Resource System (ERP) Software
Extended ERP components
31. Tells whether a transaction is a debit or credit and what G/L account is associated.
Big Bang Method of ERP implementation
Posting keys
Organizational standardization
Workflow management system
32. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Default
Tolerance group
Organizational standardization
XBRL (eXtensible Business Reporting System)
33. Three things make a _________: Document number. Fiscal Year. Company Code.
Proper business analysis
Instantaneously
Document unique
XBRL (eXtensible Business Reporting System)
34. You have created a material master. This material be shared at _________
Oracle
Monthly rent payment
Plant level
Elogistics
35. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
SAP R/3
Audit scope and timeframe
Messaging-based workflow system
Payment terms
36. Supports team interactions
Groupware
Big Bang Method of ERP implementation
Organizational standardization
Extended ERP components
37. Enables organizations to clarify their vision and strategy and translate them into action
Knowledge management systems (KMS)
Unstructured collaboration
Balanced scorecard
Core ERP components
38. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Oracle
Shadowing
Workflow management system
XML (eXtensible Markup Language)
39. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Knowledge management systems (KMS)
Procurement process
Material master
Collaboration system
40. 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
XBRL (eXtensible Business Reporting System)
CMS marketplace
Database-based workflow system
Monthly rent payment
41. Includes support for multicountry - multicurrency environments and wide scalability
Database-based workflow system
SAP R/3
13
Taxonomy Creation
42. The purpose of __________: Audit Trail. Determines the type of document it is.
Posting periods
Dozen
Document numbers
ERP PEOPLE
43. 2 categories of collaboration systems: __________ - structured/process
Company code level
Unstructured/information
3 way match
ERP PROCESS
44. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Segregation of duties
Tacit knowledge
SAP R/3
Process insurance expense
45. A _____ is needed to monitor the quality - objectives - and timelines
Proper business analysis
Structured collaboration
Solid implementation plan
Peoplesoft
46. The global leader with 30 to 60% of the ERP market
Document types
SAP (Systems - Applications - and Products)
General ledger accounts
RFQ
47. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Big Bang Method of ERP implementation
Oracle
Proper business analysis
Content management system
48. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Online transaction processing (OLTP)
Document principles
Audit scope and timeframe
Vendor master records
49. You have created a vendor master. This vendor be shared at ________
Company code level
Social networking analysis
Knowledge management
Data warehouse
50. Anything that can be documented - archived - and codified - often with the help of IT
Instantaneously
Business Analysis Applications
Online analytical processing (OLAP
Explicit knowledge