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Test your basic knowledge |
ERP: Enterprise Resource Planning
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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. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
General ledger accounts
Audit scope and timeframe
Online transaction processing (OLTP)
Online analytical processing (OLAP
2. 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
Extended ERP components
Procurement process
Invoice receipt tolerances
Quotation
3. 2 categories of collaboration systems: __________ - structured/process
Invoice receipt tolerances
Unstructured/information
Vendor master records
Monthly rent payment
4. The two main ERP applications: Core Applications and ___________
Internal control issues
Knowledge management
3 way match
Business Analysis Applications
5. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Automatic account assignments
Hypertext
CMS marketplace
Enterprise Resource System (ERP) Software
6. The second largest ERP vendor
Workflow management system
Oracle
Shadowing
Workflow
7. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Information partnership
Peoplesoft
Quotation
Internal business process
8. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Custom made
Optimize business performance
Core ERP components
Procurement process
9. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Social networking analysis
Instantaneously
Procurement process
Custom made
10. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
ERP PEOPLE
Hypertext
SAP (Systems - Applications - and Products)
Peoplesoft
11. You have created a material master. This material be shared at _________
Plant level
SAP (Systems - Applications - and Products)
Hypertext
Monthly rent expense
12. Tell us who is responsible for the document and when it was created.
Balanced scorecard
Phased-In Method of ERP Implementation
Document principles
Custom made
13. Price Variance. Maximum cash discount variance.
Payment is too high or low
Enterprise Resource System (ERP) Software
Balanced scorecard
Purchasing tolerances
14. he financial periods that are posted for reporting purposes - internal and external.
Document principles
Document unique
Segregation of duties
Posting periods
15. Supports team interactions
Groupware
Material master records
Shadowing
Peoplesoft
16. 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
Payment terms
Key Business Exposures
ERP PEOPLE
3 way match
17. Anything that can be documented - archived - and codified - often with the help of IT
Unstructured/information
Document principles
Information partnership
Explicit knowledge
18. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Internal business process
Quotation
ERP TECHNOLOGY
Groupware
19. Track logistics movement of goods.
Business Analysis Applications
Messaging-based workflow system
Automatic account assignments
Posting keys
20. The types of contracts: Quantity Contract - ___________
Tacit knowledge
Quality Contract
Contracts
Social networking analysis
21. 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
Tolerance group
Taxonomy Creation
Core Applications
Plant level
22. 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
Custom made
Business Analysis Applications
Shadowing
Document principles
23. 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.
General ledger accounts
Shadowing
Document principles
Internal control issues
24. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Dozen
Payment is too high or low
Peoplesoft
Explicit knowledge
25. Facilitates the automation and management of business processes and controls the movement of work through the business process
Workflow management system
Solid implementation plan
Core ERP components
Payment is too high or low
26. You have created a vendor master. This vendor be shared at ________
Custom made
Procurement process
Collaboration system
Company code level
27. A _____ is needed to monitor the quality - objectives - and timelines
Instance documents
Core Applications
Internal control issues
Solid implementation plan
28. Account and finance - production and materials management - human resource
13
Core ERP components
Business Analysis Applications
Workflow management system
29. Sends work assignments through an e-mail system
Messaging-based workflow system
Monthly rent expense
Organizational standardization
Core Applications
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
Workflow management system
Core competency
Dozen
Internal business process
31. Three things make a _________: Document number. Fiscal Year. Company Code.
SAP R/3
Workflow management system
Custom made
Document unique
32. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Document unique
Document principles
Content management system
Automatic account assignments
33. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Structured collaboration
Tolerance group
Online analytical processing (OLAP
RFQ
34. The primary reason for data warehousing is to _______________
Optimize business performance
XML (eXtensible Markup Language)
Document types
Unstructured collaboration
35. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Default
Internal business process
XBRL (eXtensible Business Reporting System)
General ledger accounts
36. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Oracle
Monthly rent expense
Contracts
Optimize business performance
37. The global leader with 30 to 60% of the ERP market
Big Bang Method of ERP implementation
Payment terms
Knowledge management systems (KMS)
SAP (Systems - Applications - and Products)
38. 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
Database-based workflow system
Online analytical processing (OLAP
Segregation of duties
Invoice receipt tolerances
39. 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
Elogistics
Document numbers
Document unique
ERP TECHNOLOGY
40. Includes what management systems: document MS - digital asset MS - web content MS
Shadowing
Automatic account assignments
CMS marketplace
Document unique
41. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
3 way match
Plant level
Content management system
Automatic account assignments
42. A process of mapping a group's contacts to identify who knows whom and who works with whom
XML (eXtensible Markup Language)
Document numbers
Social networking analysis
Flexible configuration
43. Supports the work of teams by facilitating the sharing and flow of information
Database-based workflow system
Content management system
Collaboration system
Tolerance group
44. Enables organizations to clarify their vision and strategy and translate them into action
Organizational standardization
Information partnership
Balanced scorecard
Procurement process
45. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Data warehouse
Core competency
Posting keys
Peoplesoft
46. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Default
Vendor master records
Online analytical processing (OLAP
Optimize business performance
47. Tells whether a transaction is a debit or credit and what G/L account is associated.
Payment terms
Segregation of duties
Workflow management system
Posting keys
48. usiness intelligence - CRM - SCM - e-business
Custom made
Monthly rent payment
CRM
Extended ERP components
49. 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.
Monthly rent payment
Payment terms
Optimize business performance
Posting keys
50. 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
Internal business process
Core Applications
Procurement process
Big Bang Method of ERP implementation
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