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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. The steps to completing the ___________ process: Agreement - invoice - payment.
ERP PROCESS
Balanced scorecard
Monthly rent payment
Valuation Grouping code
2. A process of mapping a group's contacts to identify who knows whom and who works with whom
Quality Contract
Messaging-based workflow system
Social networking analysis
Collaboration system
3. You have created a vendor master. This vendor be shared at ________
Document types
Company code level
Elogistics
Business Analysis Applications
4. A _____ is needed to monitor the quality - objectives - and timelines
SAP R/3
Social networking analysis
Material master records
Solid implementation plan
5. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
Hypertext
Procurement process
ERP PEOPLE
Data warehouse
6. An outline agreement
Contracts
Posting periods
Audit scope and timeframe
XBRL (eXtensible Business Reporting System)
7. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Knowledge management systems (KMS)
Company code level
Explicit knowledge
Payment terms
8. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
ERP TECHNOLOGY
Contracts
Vendor master records
Enterprise Resource System (ERP) Software
9. 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
Groupware
Internal control issues
Valuation Grouping code
10. An organization's key strength - the business function that it does better than any of its competitors
Company code level
Instantaneously
Core competency
Shadowing
11. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Knowledge management
Internal control issues
Instance documents
Payment is too high or low
12. 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
Invoice receipt tolerances
Business Analysis Applications
Shadowing
Knowledge management
13. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Flexible configuration
Instantaneously
Messaging-based workflow system
Document types
14. Track logistics movement of goods.
XML (eXtensible Markup Language)
Payment terms
Monthly rent payment
Automatic account assignments
15. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
Document numbers
Document unique
Groupware
CRM
16. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Business Analysis Applications
Online analytical processing (OLAP
Process insurance expense
Vendor master records
17. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
CMS marketplace
Quotation
Social networking analysis
Material master records
18. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Tacit knowledge
Internal control issues
Shadowing
Taxonomy Creation
19. All the steps or business rules - from beginning to end - required for a business process
XML (eXtensible Markup Language)
SAP R/3
Workflow
Workflow management system
20. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
General ledger accounts
Unstructured collaboration
Default
Material master
21. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Optimize business performance
Knowledge management
Phased-In Method of ERP Implementation
Document numbers
22. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Tacit knowledge
Explicit knowledge
ERP PEOPLE
Procurement process
23. Participation in business processes - such as workflow
Social networking analysis
Internal business process
Enterprise Resource System (ERP) Software
Structured collaboration
24. Tells whether a transaction is a debit or credit and what G/L account is associated.
Posting keys
SAP R/3
Data warehouse
Document numbers
25. The primary reason for data warehousing is to _______________
Vendor master records
Process insurance expense
Optimize business performance
Unstructured collaboration
26. Supports the work of teams by facilitating the sharing and flow of information
Process insurance expense
Key Business Exposures
Collaboration system
Core Applications
27. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Tacit knowledge
ERP PEOPLE
Default
Core Applications
28. Sends work assignments through an e-mail system
Information partnership
Database-based workflow system
Messaging-based workflow system
Structured collaboration
29. The second largest ERP vendor
Database-based workflow system
Oracle
Document principles
Audit scope and timeframe
30. 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
Core Applications
Dozen
Automatic account assignments
Database-based workflow system
31. he financial periods that are posted for reporting purposes - internal and external.
Posting periods
CRM
Structured collaboration
Instance documents
32. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Content management system
Tolerance group
Document principles
Valuation Grouping code
33. 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.
Unstructured/information
Knowledge management
General ledger accounts
Oracle
34. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Custom made
Enterprise Resource System (ERP) Software
3 way match
Content management system
35. 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
Online transaction processing (OLTP)
Data warehouse
Automatic account assignments
Key Business Exposures
36. usiness intelligence - CRM - SCM - e-business
Business Analysis Applications
Extended ERP components
ERP PEOPLE
Online analytical processing (OLAP
37. A meta-language for describing markup languages
Core Applications
Posting keys
XML (eXtensible Markup Language)
ERP PEOPLE
38. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Workflow
RFQ
Balanced scorecard
Hypertext
39. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
ERP PROCESS
Contracts
Taxonomy Creation
SAP (Systems - Applications - and Products)
40. Includes what management systems: document MS - digital asset MS - web content MS
CMS marketplace
Process insurance expense
Data warehouse
Business Analysis Applications
41. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Shadowing
Audit scope and timeframe
Collaboration system
Vendor master records
42. Request for quotation
Content management system
Monthly rent expense
Information partnership
RFQ
43. Posting periods in FF
Online transaction processing (OLTP)
Company code level
Knowledge management
13
44. The purpose of __________: Audit Trail. Determines the type of document it is.
Document numbers
Online transaction processing (OLTP)
Workflow
CMS marketplace
45. 2 categories of collaboration systems: __________ - structured/process
Unstructured/information
Monthly rent payment
Solid implementation plan
Online transaction processing (OLTP)
46. Tell us who is responsible for the document and when it was created.
Organizational standardization
Document principles
Balanced scorecard
Peoplesoft
47. 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
Material master records
Segregation of duties
Valuation Grouping code
ERP TECHNOLOGY
48. 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
Flexible configuration
Internal control issues
SAP (Systems - Applications - and Products)
49. Facilitates the automation and management of business processes and controls the movement of work through the business process
Shadowing
Core ERP components
Workflow management system
Messaging-based workflow system
50. 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
Online analytical processing (OLAP
Hypertext
SAP R/3
Contracts