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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. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Material master
Plant level
Organizational standardization
Invoice receipt tolerances
2. A process of mapping a group's contacts to identify who knows whom and who works with whom
Core ERP components
Plant level
Workflow
Social networking analysis
3. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Contracts
Quality Contract
Peoplesoft
Document numbers
4. 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
Optimize business performance
Instance documents
Core Applications
Organizational standardization
5. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Data warehouse
Explicit knowledge
Valuation Grouping code
Material master records
6. The global leader with 30 to 60% of the ERP market
13
CMS marketplace
SAP (Systems - Applications - and Products)
Unstructured collaboration
7. The purpose of __________: Audit Trail. Determines the type of document it is.
Knowledge management
Material master
Extended ERP components
Document numbers
8. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Invoice receipt tolerances
Instance documents
Content management system
Payment is too high or low
9. Three things make a _________: Document number. Fiscal Year. Company Code.
Document unique
Enterprise Resource System (ERP) Software
Core ERP components
XML (eXtensible Markup Language)
10. Manages the transportation and storage of goods
Online transaction processing (OLTP)
Elogistics
Document unique
XML (eXtensible Markup Language)
11. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Phased-In Method of ERP Implementation
ERP TECHNOLOGY
Data warehouse
Audit scope and timeframe
12. Request for quotation
Internal business process
Audit scope and timeframe
RFQ
Document unique
13. The two main ERP applications: Core Applications and ___________
13
Collaboration system
Unstructured/information
Business Analysis Applications
14. Document exchange - shared whiteboards - discussion forums - email
Taxonomy Creation
Unstructured collaboration
Posting keys
13
15. 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
Key Business Exposures
Contracts
Database-based workflow system
3 way match
16. Account and finance - production and materials management - human resource
Automatic account assignments
Workflow
Core ERP components
SAP (Systems - Applications - and Products)
17. 2 categories of collaboration systems: __________ - structured/process
Database-based workflow system
SAP (Systems - Applications - and Products)
CRM
Unstructured/information
18. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
SAP (Systems - Applications - and Products)
RFQ
Custom made
Business Analysis Applications
19. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Proper business analysis
Workflow management system
Payment terms
Information partnership
20. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Information partnership
Automatic account assignments
Material master records
SAP R/3
21. Participation in business processes - such as workflow
XBRL (eXtensible Business Reporting System)
SAP R/3
Structured collaboration
Monthly rent payment
22. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Process insurance expense
Payment is too high or low
Elogistics
Explicit knowledge
23. The steps to completing the ___________ process: Agreement - invoice - payment.
Invoice receipt tolerances
Monthly rent payment
Internal control issues
SAP (Systems - Applications - and Products)
24. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Monthly rent payment
Information partnership
Tolerance group
Core competency
25. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Instance documents
Monthly rent payment
Shadowing
Quotation
26. 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
Proper business analysis
ERP TECHNOLOGY
CMS marketplace
27. Includes support for multicountry - multicurrency environments and wide scalability
Process insurance expense
SAP R/3
Monthly rent expense
Invoice receipt tolerances
28. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Balanced scorecard
13
Hypertext
Content management system
29. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Internal control issues
Posting keys
Workflow management system
Tacit knowledge
30. usiness intelligence - CRM - SCM - e-business
Key Business Exposures
Audit scope and timeframe
Phased-In Method of ERP Implementation
Extended ERP components
31. Tell us who is responsible for the document and when it was created.
Process insurance expense
Quality Contract
Default
Document principles
32. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Groupware
Audit scope and timeframe
Phased-In Method of ERP Implementation
Knowledge management systems (KMS)
33. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
SAP R/3
Payment terms
Internal business process
ERP PEOPLE
34. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Document types
Invoice receipt tolerances
Business Analysis Applications
Quotation
35. You have created a vendor master. This vendor be shared at ________
Monthly rent payment
RFQ
Company code level
Document principles
36. All the steps or business rules - from beginning to end - required for a business process
Optimize business performance
Workflow
Unstructured/information
Taxonomy Creation
37. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
3 way match
Payment is too high or low
Automatic account assignments
Purchasing tolerances
38. The second largest ERP vendor
Procurement process
Oracle
CMS marketplace
Default
39. 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
Unstructured collaboration
SAP (Systems - Applications - and Products)
XBRL (eXtensible Business Reporting System)
40. An organization's key strength - the business function that it does better than any of its competitors
Core competency
Audit scope and timeframe
Payment terms
RFQ
41. You have created a material master. This material be shared at _________
Plant level
Peoplesoft
Content management system
Posting periods
42. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
CRM
XBRL (eXtensible Business Reporting System)
ERP PEOPLE
Workflow
43. 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
General ledger accounts
Key Business Exposures
Quotation
Internal business process
44. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Core competency
Online transaction processing (OLTP)
Default
Social networking analysis
45. A _____ is needed to monitor the quality - objectives - and timelines
SAP R/3
Peoplesoft
Solid implementation plan
Groupware
46. The primary reason for data warehousing is to _______________
Core competency
13
Optimize business performance
Database-based workflow system
47. Includes what management systems: document MS - digital asset MS - web content MS
CMS marketplace
Key Business Exposures
Internal control issues
Document types
48. 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.
Workflow
Shadowing
General ledger accounts
Proper business analysis
49. he financial periods that are posted for reporting purposes - internal and external.
Payment is too high or low
Knowledge management systems (KMS)
Posting periods
Valuation Grouping code
50. 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
Collaboration system
Knowledge management
XBRL (eXtensible Business Reporting System)
Segregation of duties