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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. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Hypertext
Proper business analysis
Flexible configuration
Document principles
2. 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
Material master records
Posting periods
Key Business Exposures
Monthly rent expense
3. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Workflow management system
Optimize business performance
Knowledge management systems (KMS)
Extended ERP components
4. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Content management system
Dozen
Quotation
3 way match
5. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Online transaction processing (OLTP)
Extended ERP components
Shadowing
XBRL (eXtensible Business Reporting System)
6. The global leader with 30 to 60% of the ERP market
Shadowing
SAP R/3
Valuation Grouping code
SAP (Systems - Applications - and Products)
7. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Posting periods
Material master
Purchasing tolerances
Internal control issues
8. Supports the work of teams by facilitating the sharing and flow of information
Groupware
XBRL (eXtensible Business Reporting System)
Collaboration system
Online transaction processing (OLTP)
9. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Procurement process
Tacit knowledge
Vendor master records
Payment terms
10. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Default
Vendor master records
Hypertext
Workflow management system
11. 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
Company code level
Valuation Grouping code
Flexible configuration
12. Track logistics movement of goods.
Automatic account assignments
Database-based workflow system
Taxonomy Creation
Procurement process
13. Sends work assignments through an e-mail system
Elogistics
Posting keys
Messaging-based workflow system
Monthly rent payment
14. 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
XBRL (eXtensible Business Reporting System)
Invoice receipt tolerances
Taxonomy Creation
Segregation of duties
15. Price Variance. Maximum cash discount variance.
Dozen
Purchasing tolerances
Quality Contract
Default
16. 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
Elogistics
Core Applications
Workflow management system
17. The Advantages of XBRL: 1) business offers expanded financial info to all interest parties ___________ 2) companies using XBRP database technology can further speed the process of reports and 3) Consumers import XBRL documents into internal databases
Workflow management system
Instantaneously
Workflow
Enterprise Resource System (ERP) Software
18. he financial periods that are posted for reporting purposes - internal and external.
Balanced scorecard
Posting periods
Unstructured/information
Content management system
19. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Company code level
Extended ERP components
Audit scope and timeframe
Core competency
20. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Instance documents
Procurement process
Key Business Exposures
Groupware
21. 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
Instance documents
Automatic account assignments
ERP TECHNOLOGY
Online analytical processing (OLAP
22. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
CMS marketplace
Business Analysis Applications
Instance documents
Online transaction processing (OLTP)
23. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Segregation of duties
3 way match
Tolerance group
XBRL (eXtensible Business Reporting System)
24. The types of contracts: Quantity Contract - ___________
SAP R/3
Database-based workflow system
Quality Contract
CMS marketplace
25. Participation in business processes - such as workflow
Structured collaboration
Organizational standardization
Segregation of duties
Workflow
26. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
3 way match
Payment terms
Taxonomy Creation
Custom made
27. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Workflow management system
Database-based workflow system
Proper business analysis
Invoice receipt tolerances
28. The primary reason for data warehousing is to _______________
Optimize business performance
Procurement process
Database-based workflow system
Document types
29. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Invoice receipt tolerances
Segregation of duties
Plant level
Information partnership
30. Document exchange - shared whiteboards - discussion forums - email
Unstructured collaboration
ERP PEOPLE
Tolerance group
Flexible configuration
31. 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
Purchasing tolerances
ERP TECHNOLOGY
ERP PEOPLE
Proper business analysis
32. 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
3 way match
Automatic account assignments
Dozen
Collaboration system
33. Request for quotation
Plant level
Business Analysis Applications
RFQ
Quality Contract
34. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Workflow management system
Material master records
Knowledge management
Collaboration system
35. An organization's key strength - the business function that it does better than any of its competitors
Messaging-based workflow system
Custom made
Purchasing tolerances
Core competency
36. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Payment is too high or low
Document unique
Monthly rent expense
Automatic account assignments
37. An outline agreement
Optimize business performance
Messaging-based workflow system
Contracts
ERP TECHNOLOGY
38. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Big Bang Method of ERP implementation
Knowledge management
Workflow
Posting keys
39. Tells whether a transaction is a debit or credit and what G/L account is associated.
Phased-In Method of ERP Implementation
Posting keys
Core ERP components
Instantaneously
40. 2 categories of collaboration systems: __________ - structured/process
Knowledge management
Vendor master records
Unstructured/information
Material master records
41. Supports team interactions
Structured collaboration
Groupware
Solid implementation plan
Company code level
42. Enables organizations to clarify their vision and strategy and translate them into action
ERP PROCESS
Procurement process
Hypertext
Balanced scorecard
43. Anything that can be documented - archived - and codified - often with the help of IT
Document types
Explicit knowledge
Posting periods
Material master records
44. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
ERP PROCESS
Elogistics
Unstructured collaboration
Automatic account assignments
45. Account and finance - production and materials management - human resource
Core ERP components
Explicit knowledge
Plant level
XBRL (eXtensible Business Reporting System)
46. 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.
Plant level
Payment terms
Internal control issues
Groupware
47. Includes what management systems: document MS - digital asset MS - web content MS
Online transaction processing (OLTP)
Document principles
CMS marketplace
Peoplesoft
48. Manages the transportation and storage of goods
Social networking analysis
Organizational standardization
Peoplesoft
Elogistics
49. Posting periods in FF
13
Purchasing tolerances
Enterprise Resource System (ERP) Software
Taxonomy Creation
50. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Posting periods
Contracts
13
Process insurance expense