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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 key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
XML (eXtensible Markup Language)
Flexible configuration
ERP PEOPLE
Instance documents
2. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Phased-In Method of ERP Implementation
XBRL (eXtensible Business Reporting System)
Taxonomy Creation
Payment is too high or low
3. Tells whether a transaction is a debit or credit and what G/L account is associated.
Material master
Proper business analysis
Default
Posting keys
4. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Tacit knowledge
XML (eXtensible Markup Language)
ERP TECHNOLOGY
Monthly rent expense
5. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Instantaneously
Automatic account assignments
Internal control issues
Default
6. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Content management system
Big Bang Method of ERP implementation
Monthly rent expense
Quality Contract
7. The types of contracts: Quantity Contract - ___________
Quality Contract
CRM
Company code level
Database-based workflow system
8. 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
Peoplesoft
Document types
Flexible configuration
Proper business analysis
9. 2 categories of collaboration systems: __________ - structured/process
Phased-In Method of ERP Implementation
Oracle
Flexible configuration
Unstructured/information
10. The primary reason for data warehousing is to _______________
Optimize business performance
Plant level
Unstructured collaboration
Invoice receipt tolerances
11. 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
Optimize business performance
Instantaneously
Workflow
Content management system
12. Includes what management systems: document MS - digital asset MS - web content MS
Collaboration system
CMS marketplace
Default
Shadowing
13. Track logistics movement of goods.
Business Analysis Applications
Online transaction processing (OLTP)
Posting periods
Automatic account assignments
14. 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
Enterprise Resource System (ERP) Software
Vendor master records
Online analytical processing (OLAP
Process insurance expense
15. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Phased-In Method of ERP Implementation
SAP (Systems - Applications - and Products)
Document principles
ERP TECHNOLOGY
16. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
CRM
Monthly rent payment
Instantaneously
Process insurance expense
17. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Payment is too high or low
Online transaction processing (OLTP)
Explicit knowledge
Audit scope and timeframe
18. An organization's key strength - the business function that it does better than any of its competitors
Core competency
Proper business analysis
Tacit knowledge
Taxonomy Creation
19. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
3 way match
RFQ
Dozen
XBRL (eXtensible Business Reporting System)
20. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
ERP PEOPLE
Vendor master records
Taxonomy Creation
SAP R/3
21. Supports team interactions
Extended ERP components
Payment terms
Groupware
Material master
22. Sends work assignments through an e-mail system
Vendor master records
13
Messaging-based workflow system
Tolerance group
23. Request for quotation
Hypertext
Knowledge management systems (KMS)
Segregation of duties
RFQ
24. The steps to completing the ___________ process: Agreement - invoice - payment.
Monthly rent payment
Company code level
Vendor master records
Invoice receipt tolerances
25. 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
Data warehouse
Extended ERP components
Dozen
Contracts
26. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Shadowing
Unstructured collaboration
Knowledge management systems (KMS)
Instance documents
27. A meta-language for describing markup languages
ERP TECHNOLOGY
Valuation Grouping code
XML (eXtensible Markup Language)
Plant level
28. The second largest ERP vendor
Quotation
Elogistics
XML (eXtensible Markup Language)
Oracle
29. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Payment is too high or low
Tolerance group
Knowledge management systems (KMS)
Data warehouse
30. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Shadowing
Vendor master records
Flexible configuration
Enterprise Resource System (ERP) Software
31. Manages the transportation and storage of goods
Flexible configuration
Instantaneously
Elogistics
Material master
32. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Content management system
Unstructured/information
Online analytical processing (OLAP
Knowledge management systems (KMS)
33. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Messaging-based workflow system
Internal business process
ERP PEOPLE
Monthly rent expense
34. Enables organizations to clarify their vision and strategy and translate them into action
Social networking analysis
Content management system
Invoice receipt tolerances
Balanced scorecard
35. 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
Document unique
Automatic account assignments
Organizational standardization
SAP R/3
36. 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
Posting keys
Groupware
Internal control issues
Content management system
37. A process of mapping a group's contacts to identify who knows whom and who works with whom
Segregation of duties
Social networking analysis
Document unique
Explicit knowledge
38. 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
Online transaction processing (OLTP)
Payment is too high or low
Custom made
Knowledge management systems (KMS)
39. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Core competency
Peoplesoft
Optimize business performance
Process insurance expense
40. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Extended ERP components
Posting periods
Monthly rent expense
Organizational standardization
41. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Company code level
Material master records
Shadowing
ERP PEOPLE
42. Account and finance - production and materials management - human resource
Vendor master records
Groupware
Core ERP components
Explicit knowledge
43. Posting periods in FF
Workflow
Groupware
13
Phased-In Method of ERP Implementation
44. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Payment terms
Data warehouse
Workflow
Quotation
45. Supports the work of teams by facilitating the sharing and flow of information
Collaboration system
CRM
Phased-In Method of ERP Implementation
Material master records
46. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Core competency
Social networking analysis
Organizational standardization
Valuation Grouping code
47. usiness intelligence - CRM - SCM - e-business
Business Analysis Applications
Tacit knowledge
Data warehouse
Extended ERP components
48. Facilitates the automation and management of business processes and controls the movement of work through the business process
Process insurance expense
Company code level
Workflow management system
Oracle
49. A _____ is needed to monitor the quality - objectives - and timelines
CRM
Oracle
Solid implementation plan
Information partnership
50. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Procurement process
Document types
Document numbers
Payment terms