SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. 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
RFQ
ERP PROCESS
Database-based workflow system
Audit scope and timeframe
2. 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
Instantaneously
Internal business process
Shadowing
3 way match
3. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Taxonomy Creation
Enterprise Resource System (ERP) Software
Default
Payment is too high or low
4. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Groupware
Oracle
Tacit knowledge
Business Analysis Applications
5. 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
13
Social networking analysis
Tacit knowledge
6. The steps to completing the ___________ process: Agreement - invoice - payment.
Material master records
Tolerance group
Hypertext
Monthly rent payment
7. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Valuation Grouping code
Process insurance expense
Material master
Explicit knowledge
8. Sends work assignments through an e-mail system
Messaging-based workflow system
Monthly rent payment
Payment is too high or low
Flexible configuration
9. 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
SAP (Systems - Applications - and Products)
Plant level
Database-based workflow system
Business Analysis Applications
10. Enables organizations to clarify their vision and strategy and translate them into action
Proper business analysis
Oracle
Balanced scorecard
General ledger accounts
11. 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
Flexible configuration
Segregation of duties
Core competency
Structured collaboration
12. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Audit scope and timeframe
Business Analysis Applications
CRM
Phased-In Method of ERP Implementation
13. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Messaging-based workflow system
CMS marketplace
Default
Custom made
14. Tells whether a transaction is a debit or credit and what G/L account is associated.
Dozen
Plant level
Workflow
Posting keys
15. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Tolerance group
Knowledge management
Business Analysis Applications
Collaboration system
16. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
ERP PROCESS
CRM
Flexible configuration
Taxonomy Creation
17. 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
Business Analysis Applications
Online analytical processing (OLAP
Organizational standardization
Material master records
18. 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
Procurement process
Instantaneously
Solid implementation plan
19. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Internal business process
Shadowing
13
Material master records
20. 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
Contracts
Segregation of duties
Content management system
Balanced scorecard
21. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Tolerance group
Business Analysis Applications
SAP (Systems - Applications - and Products)
Workflow
22. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Content management system
3 way match
Internal business process
Messaging-based workflow system
23. 2 categories of collaboration systems: __________ - structured/process
Core Applications
Solid implementation plan
SAP (Systems - Applications - and Products)
Unstructured/information
24. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Document principles
Key Business Exposures
Custom made
Document types
25. Account and finance - production and materials management - human resource
Invoice receipt tolerances
Quality Contract
Segregation of duties
Core ERP components
26. Three things make a _________: Document number. Fiscal Year. Company Code.
Document unique
Purchasing tolerances
Proper business analysis
SAP (Systems - Applications - and Products)
27. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Information partnership
Invoice receipt tolerances
Contracts
Material master
28. 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
Knowledge management
Process insurance expense
Key Business Exposures
Quotation
29. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Online transaction processing (OLTP)
Shadowing
Unstructured collaboration
XBRL (eXtensible Business Reporting System)
30. You have created a material master. This material be shared at _________
Collaboration system
Company code level
Plant level
Document principles
31. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Instantaneously
Segregation of duties
Proper business analysis
Explicit knowledge
32. An organization's key strength - the business function that it does better than any of its competitors
Posting keys
Core competency
Unstructured/information
Process insurance expense
33. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Vendor master records
Quotation
Oracle
Core ERP components
34. Anything that can be documented - archived - and codified - often with the help of IT
General ledger accounts
Quality Contract
Invoice receipt tolerances
Explicit knowledge
35. The purpose of __________: Audit Trail. Determines the type of document it is.
Data warehouse
Groupware
CRM
Document numbers
36. The two main ERP applications: Core Applications and ___________
Solid implementation plan
Business Analysis Applications
Segregation of duties
Workflow management system
37. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Company code level
Instance documents
Groupware
Knowledge management systems (KMS)
38. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
Dozen
Structured collaboration
Extended ERP components
ERP PEOPLE
39. Participation in business processes - such as workflow
Messaging-based workflow system
Instance documents
Structured collaboration
Tolerance group
40. Tell us who is responsible for the document and when it was created.
Structured collaboration
Internal control issues
Purchasing tolerances
Document principles
41. 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)
Invoice receipt tolerances
Groupware
Document types
42. Track logistics movement of goods.
Automatic account assignments
Online analytical processing (OLAP
Payment terms
Internal business process
43. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Organizational standardization
Vendor master records
Payment is too high or low
Instance documents
44. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
Purchasing tolerances
ERP PROCESS
Posting periods
Proper business analysis
45. For what reasons might a company refuse payment of an invoice from a vendor: It might be refused because the _____________ - the quantity of the shipment is too high or too low - could be a damaged good - a wrong good - or may have arrived before or
Process insurance expense
Document types
Payment is too high or low
Knowledge management systems (KMS)
46. A process of mapping a group's contacts to identify who knows whom and who works with whom
Vendor master records
Payment is too high or low
Social networking analysis
Workflow
47. You have created a vendor master. This vendor be shared at ________
Workflow management system
Company code level
Balanced scorecard
Online analytical processing (OLAP
48. 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.
Proper business analysis
Process insurance expense
Payment terms
Key Business Exposures
49. 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
XBRL (eXtensible Business Reporting System)
Valuation Grouping code
Invoice receipt tolerances
Business Analysis Applications
50. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
Material master records
13
CRM
Material master
Sorry!:) No result found.
Can you answer 50 questions in 15 minutes?
Let me suggest you:
Browse all subjects
Browse all tests
Most popular tests
Major Subjects
Tests & Exams
AP
CLEP
DSST
GRE
SAT
GMAT
Certifications
CISSP go to https://www.isc2.org/
PMP
ITIL
RHCE
MCTS
More...
IT Skills
Android Programming
Data Modeling
Objective C Programming
Basic Python Programming
Adobe Illustrator
More...
Business Skills
Advertising Techniques
Business Accounting Basics
Business Strategy
Human Resource Management
Marketing Basics
More...
Soft Skills
Body Language
People Skills
Public Speaking
Persuasion
Job Hunting And Resumes
More...
Vocabulary
GRE Vocab
SAT Vocab
TOEFL Essential Vocab
Basic English Words For All
Global Words You Should Know
Business English
More...
Languages
AP German Vocab
AP Latin Vocab
SAT Subject Test: French
Italian Survival
Norwegian Survival
More...
Engineering
Audio Engineering
Computer Science Engineering
Aerospace Engineering
Chemical Engineering
Structural Engineering
More...
Health Sciences
Basic Nursing Skills
Health Science Language Fundamentals
Veterinary Technology Medical Language
Cardiology
Clinical Surgery
More...
English
Grammar Fundamentals
Literary And Rhetorical Vocab
Elements Of Style Vocab
Introduction To English Major
Complete Advanced Sentences
Literature
Homonyms
More...
Math
Algebra Formulas
Basic Arithmetic: Measurements
Metric Conversions
Geometric Properties
Important Math Facts
Number Sense Vocab
Business Math
More...
Other Major Subjects
Science
Economics
History
Law
Performing-arts
Cooking
Logic & Reasoning
Trivia
Browse all subjects
Browse all tests
Most popular tests