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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. usiness intelligence - CRM - SCM - e-business
Online transaction processing (OLTP)
Quotation
Extended ERP components
3 way match
2. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
13
Monthly rent payment
Document numbers
ERP PROCESS
3. 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
Balanced scorecard
Document numbers
Instantaneously
Database-based workflow system
4. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Monthly rent expense
Core competency
Groupware
Tolerance group
5. 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
Document numbers
Big Bang Method of ERP implementation
Instantaneously
CMS marketplace
6. 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
Messaging-based workflow system
Key Business Exposures
Workflow
Hypertext
7. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Payment is too high or low
Social networking analysis
Shadowing
Monthly rent payment
8. Supports the work of teams by facilitating the sharing and flow of information
XML (eXtensible Markup Language)
Monthly rent payment
Collaboration system
General ledger accounts
9. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Tolerance group
Custom made
Balanced scorecard
Payment is too high or low
10. 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
Social networking analysis
Internal control issues
Key Business Exposures
Valuation Grouping code
11. Request for quotation
Internal business process
XML (eXtensible Markup Language)
Messaging-based workflow system
RFQ
12. You have created a material master. This material be shared at _________
Vendor master records
Contracts
Proper business analysis
Plant level
13. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Material master records
Phased-In Method of ERP Implementation
Data warehouse
ERP PROCESS
14. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
SAP (Systems - Applications - and Products)
Procurement process
Quality Contract
Material master records
15. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Default
Balanced scorecard
Audit scope and timeframe
Material master records
16. Includes what management systems: document MS - digital asset MS - web content MS
Knowledge management
Business Analysis Applications
CMS marketplace
Custom made
17. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Default
Online analytical processing (OLAP
Data warehouse
Organizational standardization
18. An organization's key strength - the business function that it does better than any of its competitors
Quotation
Document numbers
Material master records
Core competency
19. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Invoice receipt tolerances
XML (eXtensible Markup Language)
Material master
Document unique
20. 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
Posting periods
Core competency
RFQ
Core Applications
21. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Document types
ERP TECHNOLOGY
Vendor master records
Core competency
22. Facilitates the automation and management of business processes and controls the movement of work through the business process
Business Analysis Applications
Segregation of duties
Workflow management system
Quotation
23. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Online analytical processing (OLAP
Key Business Exposures
3 way match
Default
24. The global leader with 30 to 60% of the ERP market
13
Custom made
SAP (Systems - Applications - and Products)
RFQ
25. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
SAP R/3
Taxonomy Creation
ERP PEOPLE
Knowledge management systems (KMS)
26. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Social networking analysis
Segregation of duties
Phased-In Method of ERP Implementation
XML (eXtensible Markup Language)
27. The primary reason for data warehousing is to _______________
CMS marketplace
Database-based workflow system
Audit scope and timeframe
Optimize business performance
28. Track logistics movement of goods.
Explicit knowledge
Automatic account assignments
Monthly rent payment
Procurement process
29. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Core Applications
Tolerance group
Posting periods
Online transaction processing (OLTP)
30. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Business Analysis Applications
ERP PEOPLE
Process insurance expense
Social networking analysis
31. Manages the transportation and storage of goods
Posting keys
Elogistics
Quality Contract
Messaging-based workflow system
32. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Structured collaboration
Payment terms
Vendor master records
Material master
33. 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
Workflow
Procurement process
Custom made
34. The purpose of __________: Audit Trail. Determines the type of document it is.
13
Tolerance group
Custom made
Document numbers
35. A process of mapping a group's contacts to identify who knows whom and who works with whom
Social networking analysis
Optimize business performance
Oracle
Knowledge management
36. All the steps or business rules - from beginning to end - required for a business process
RFQ
Knowledge management systems (KMS)
Workflow
Taxonomy Creation
37. Enables organizations to clarify their vision and strategy and translate them into action
Workflow
Data warehouse
Material master records
Balanced scorecard
38. he financial periods that are posted for reporting purposes - internal and external.
Balanced scorecard
Posting periods
ERP TECHNOLOGY
Big Bang Method of ERP implementation
39. You have created a vendor master. This vendor be shared at ________
Business Analysis Applications
Company code level
SAP (Systems - Applications - and Products)
Elogistics
40. 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
General ledger accounts
SAP (Systems - Applications - and Products)
Internal control issues
ERP TECHNOLOGY
41. The types of contracts: Quantity Contract - ___________
Workflow management system
Online transaction processing (OLTP)
Taxonomy Creation
Quality Contract
42. The second largest ERP vendor
Process insurance expense
Plant level
Purchasing tolerances
Oracle
43. 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.
Document unique
Core ERP components
Payment terms
Procurement process
44. Participation in business processes - such as workflow
Structured collaboration
Organizational standardization
Document unique
Posting periods
45. A _____ is needed to monitor the quality - objectives - and timelines
Online analytical processing (OLAP
XML (eXtensible Markup Language)
Segregation of duties
Solid implementation plan
46. Three things make a _________: Document number. Fiscal Year. Company Code.
Purchasing tolerances
Document unique
Document numbers
Core competency
47. The two main ERP applications: Core Applications and ___________
Custom made
Business Analysis Applications
Online transaction processing (OLTP)
Procurement process
48. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Posting periods
Material master records
Custom made
Vendor master records
49. 2 categories of collaboration systems: __________ - structured/process
Oracle
Hypertext
Unstructured/information
Extended ERP components
50. An outline agreement
Material master
Explicit knowledge
Balanced scorecard
Contracts