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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. 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
Peoplesoft
Company code level
Instantaneously
Internal control issues
2. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Peoplesoft
SAP R/3
Invoice receipt tolerances
Material master
3. The purpose of __________: Audit Trail. Determines the type of document it is.
Posting keys
Business Analysis Applications
Online analytical processing (OLAP
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
Plant level
Key Business Exposures
Unstructured/information
Organizational standardization
5. Account and finance - production and materials management - human resource
Invoice receipt tolerances
Internal control issues
Core ERP components
Shadowing
6. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Quotation
XBRL (eXtensible Business Reporting System)
Data warehouse
Workflow management system
7. Request for quotation
Document numbers
Document types
SAP R/3
RFQ
8. An outline agreement
Internal business process
Contracts
Enterprise Resource System (ERP) Software
Shadowing
9. 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
Proper business analysis
XBRL (eXtensible Business Reporting System)
Instantaneously
10. Enables organizations to clarify their vision and strategy and translate them into action
Phased-In Method of ERP Implementation
Elogistics
Balanced scorecard
Contracts
11. The global leader with 30 to 60% of the ERP market
Document unique
Elogistics
Material master records
SAP (Systems - Applications - and Products)
12. 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
Default
13
Business Analysis Applications
SAP R/3
13. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Monthly rent expense
Tacit knowledge
Material master
Process insurance expense
14. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Knowledge management
Core Applications
Social networking analysis
CMS marketplace
15. 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
Process insurance expense
Material master
Key Business Exposures
Custom made
16. 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
Instance documents
Document numbers
Core Applications
17. A _____ is needed to monitor the quality - objectives - and timelines
Taxonomy Creation
CRM
Information partnership
Solid implementation plan
18. Three things make a _________: Document number. Fiscal Year. Company Code.
Invoice receipt tolerances
Process insurance expense
13
Document unique
19. Tells whether a transaction is a debit or credit and what G/L account is associated.
Unstructured/information
Posting keys
XML (eXtensible Markup Language)
Knowledge management
20. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
ERP PROCESS
3 way match
Messaging-based workflow system
Audit scope and timeframe
21. All the steps or business rules - from beginning to end - required for a business process
Groupware
Workflow
Oracle
Valuation Grouping code
22. Includes support for multicountry - multicurrency environments and wide scalability
SAP R/3
Payment terms
Payment is too high or low
ERP PROCESS
23. A meta-language for describing markup languages
Custom made
Internal business process
XML (eXtensible Markup Language)
Explicit knowledge
24. 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
Enterprise Resource System (ERP) Software
Audit scope and timeframe
Peoplesoft
ERP TECHNOLOGY
25. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
SAP (Systems - Applications - and Products)
Information partnership
Purchasing tolerances
Internal business process
26. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Database-based workflow system
Material master records
Unstructured/information
Tacit knowledge
27. 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
Organizational standardization
Database-based workflow system
Procurement process
Elogistics
28. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Social networking analysis
Peoplesoft
Phased-In Method of ERP Implementation
Custom made
29. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Company code level
XBRL (eXtensible Business Reporting System)
RFQ
Taxonomy Creation
30. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Payment terms
Solid implementation plan
CMS marketplace
Knowledge management systems (KMS)
31. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
XBRL (eXtensible Business Reporting System)
Information partnership
Instance documents
Database-based workflow system
32. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Tolerance group
Purchasing tolerances
Data warehouse
Peoplesoft
33. 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.
Segregation of duties
General ledger accounts
ERP PROCESS
Unstructured collaboration
34. 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
Business Analysis Applications
Quality Contract
3 way match
Payment is too high or low
35. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Hypertext
Default
Proper business analysis
Structured collaboration
36. The two main ERP applications: Core Applications and ___________
Business Analysis Applications
Valuation Grouping code
Solid implementation plan
SAP (Systems - Applications - and Products)
37. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Hypertext
Process insurance expense
Enterprise Resource System (ERP) Software
Phased-In Method of ERP Implementation
38. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Document unique
Hypertext
Balanced scorecard
Internal business process
39. The types of contracts: Quantity Contract - ___________
Quality Contract
RFQ
Groupware
Proper business analysis
40. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Monthly rent expense
General ledger accounts
Explicit knowledge
Segregation of duties
41. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Document types
Posting periods
Enterprise Resource System (ERP) Software
Information partnership
42. The steps to completing the ___________ process: Agreement - invoice - payment.
Monthly rent payment
Collaboration system
Information partnership
Online analytical processing (OLAP
43. You have created a vendor master. This vendor be shared at ________
ERP TECHNOLOGY
Material master
Phased-In Method of ERP Implementation
Company code level
44. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Optimize business performance
Tacit knowledge
Document unique
Organizational standardization
45. The primary reason for data warehousing is to _______________
Business Analysis Applications
Optimize business performance
Document numbers
Solid implementation plan
46. 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
General ledger accounts
Information partnership
Organizational standardization
47. 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
Instance documents
Process insurance expense
Flexible configuration
Collaboration system
48. 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
Monthly rent payment
Explicit knowledge
Dozen
ERP PROCESS
49. A process of mapping a group's contacts to identify who knows whom and who works with whom
Structured collaboration
Social networking analysis
Proper business analysis
Unstructured/information
50. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Vendor master records
Tolerance group
Hypertext
Phased-In Method of ERP Implementation