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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. he financial periods that are posted for reporting purposes - internal and external.
Posting periods
Key Business Exposures
Payment terms
Social networking analysis
2. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Company code level
Default
Workflow
SAP R/3
3. Manages the transportation and storage of goods
Workflow
Automatic account assignments
Elogistics
Structured collaboration
4. 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
Material master
Structured collaboration
Dozen
Social networking analysis
5. Sends work assignments through an e-mail system
Online analytical processing (OLAP
Messaging-based workflow system
Purchasing tolerances
Optimize business performance
6. Includes what management systems: document MS - digital asset MS - web content MS
CMS marketplace
Structured collaboration
Peoplesoft
Balanced scorecard
7. Enables organizations to clarify their vision and strategy and translate them into action
Balanced scorecard
Tolerance group
Material master
Core ERP components
8. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
CRM
Structured collaboration
Organizational standardization
Valuation Grouping code
9. 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
Enterprise Resource System (ERP) Software
Posting periods
Key Business Exposures
Internal control issues
10. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Internal control issues
3 way match
CRM
Core ERP components
11. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Shadowing
Content management system
Document types
Procurement process
12. 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
Core Applications
SAP R/3
Social networking analysis
Key Business Exposures
13. 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.
Instantaneously
Information partnership
Tolerance group
Payment terms
14. 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
Dozen
Proper business analysis
Taxonomy Creation
15. Supports the work of teams by facilitating the sharing and flow of information
Groupware
Key Business Exposures
Collaboration system
Automatic account assignments
16. usiness intelligence - CRM - SCM - e-business
ERP PROCESS
Extended ERP components
Business Analysis Applications
Enterprise Resource System (ERP) Software
17. The steps to completing the ___________ process: Agreement - invoice - payment.
Procurement process
Business Analysis Applications
Monthly rent payment
Collaboration system
18. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Taxonomy Creation
Internal business process
Document unique
Quotation
19. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Online transaction processing (OLTP)
Taxonomy Creation
Document numbers
Key Business Exposures
20. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Monthly rent payment
Vendor master records
Monthly rent expense
Information partnership
21. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Custom made
Content management system
Data warehouse
Peoplesoft
22. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
ERP PEOPLE
Custom made
Document principles
Internal business process
23. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Audit scope and timeframe
Vendor master records
Process insurance expense
SAP R/3
24. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Workflow management system
Document numbers
Shadowing
Invoice receipt tolerances
25. Anything that can be documented - archived - and codified - often with the help of IT
Payment terms
Instantaneously
Document principles
Explicit knowledge
26. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
XBRL (eXtensible Business Reporting System)
Extended ERP components
Instance documents
Plant level
27. The global leader with 30 to 60% of the ERP market
Procurement process
Document unique
CMS marketplace
SAP (Systems - Applications - and Products)
28. A process of mapping a group's contacts to identify who knows whom and who works with whom
Posting periods
Invoice receipt tolerances
SAP R/3
Social networking analysis
29. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Enterprise Resource System (ERP) Software
Data warehouse
Dozen
Internal business process
30. 2 categories of collaboration systems: __________ - structured/process
CRM
Tolerance group
Document principles
Unstructured/information
31. Document exchange - shared whiteboards - discussion forums - email
Document numbers
SAP R/3
Workflow
Unstructured collaboration
32. The primary reason for data warehousing is to _______________
Optimize business performance
Online transaction processing (OLTP)
Oracle
Database-based workflow system
33. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Knowledge management systems (KMS)
Oracle
XML (eXtensible Markup Language)
Phased-In Method of ERP Implementation
34. A _____ is needed to monitor the quality - objectives - and timelines
Groupware
XML (eXtensible Markup Language)
Solid implementation plan
Instantaneously
35. 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
Segregation of duties
Core Applications
Unstructured collaboration
ERP TECHNOLOGY
36. All the steps or business rules - from beginning to end - required for a business process
Procurement process
Vendor master records
Tacit knowledge
Workflow
37. The types of contracts: Quantity Contract - ___________
Online transaction processing (OLTP)
ERP TECHNOLOGY
Quality Contract
CMS marketplace
38. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Core Applications
Taxonomy Creation
Custom made
Unstructured/information
39. You have created a vendor master. This vendor be shared at ________
Valuation Grouping code
Company code level
Optimize business performance
Knowledge management systems (KMS)
40. 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
Dozen
Flexible configuration
Optimize business performance
Social networking analysis
41. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
XBRL (eXtensible Business Reporting System)
Taxonomy Creation
Tolerance group
Internal business process
42. Tells whether a transaction is a debit or credit and what G/L account is associated.
3 way match
Posting keys
Unstructured/information
Messaging-based workflow system
43. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Solid implementation plan
Contracts
Knowledge management systems (KMS)
Monthly rent payment
44. 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
Dozen
Online analytical processing (OLAP
Phased-In Method of ERP Implementation
Shadowing
45. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
ERP PROCESS
Shadowing
Elogistics
Hypertext
46. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Shadowing
Posting keys
CRM
Information partnership
47. 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
Content management system
Quality Contract
Posting periods
48. Supports team interactions
Groupware
Shadowing
Core Applications
Internal control issues
49. Track logistics movement of goods.
Workflow management system
Oracle
Data warehouse
Automatic account assignments
50. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Procurement process
CRM
Online transaction processing (OLTP)
Instantaneously