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. The second largest ERP vendor
Instantaneously
Oracle
Explicit knowledge
Phased-In Method of ERP Implementation
2. 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
CRM
Shadowing
Flexible configuration
Business Analysis Applications
3. 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
Online analytical processing (OLAP
Enterprise Resource System (ERP) Software
CMS marketplace
RFQ
4. Supports the work of teams by facilitating the sharing and flow of information
Collaboration system
Posting periods
Unstructured collaboration
Database-based workflow system
5. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
ERP PEOPLE
Phased-In Method of ERP Implementation
Posting periods
Information partnership
6. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
ERP PEOPLE
Default
Automatic account assignments
Audit scope and timeframe
7. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Big Bang Method of ERP implementation
SAP R/3
CRM
Monthly rent expense
8. 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
Organizational standardization
Company code level
ERP PROCESS
Instantaneously
9. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Procurement process
Internal control issues
Quotation
Proper business analysis
10. The types of contracts: Quantity Contract - ___________
Explicit knowledge
Key Business Exposures
Quality Contract
Content management system
11. All the steps or business rules - from beginning to end - required for a business process
Business Analysis Applications
Workflow
Unstructured/information
Knowledge management systems (KMS)
12. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Invoice receipt tolerances
Quotation
Payment is too high or low
Proper business analysis
13. Anything that can be documented - archived - and codified - often with the help of IT
Explicit knowledge
XML (eXtensible Markup Language)
Collaboration system
Payment is too high or low
14. Three things make a _________: Document number. Fiscal Year. Company Code.
Segregation of duties
Taxonomy Creation
Document unique
Plant level
15. The primary reason for data warehousing is to _______________
Optimize business performance
Solid implementation plan
Document numbers
Quality Contract
16. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Internal business process
Knowledge management systems (KMS)
Online analytical processing (OLAP
Solid implementation plan
17. Includes support for multicountry - multicurrency environments and wide scalability
Optimize business performance
Organizational standardization
SAP R/3
Core competency
18. Tells whether a transaction is a debit or credit and what G/L account is associated.
Database-based workflow system
Flexible configuration
Posting keys
Valuation Grouping code
19. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Material master records
Knowledge management
XML (eXtensible Markup Language)
Tolerance group
20. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Internal business process
Default
Taxonomy Creation
Segregation of duties
21. Posting periods in FF
Invoice receipt tolerances
Enterprise Resource System (ERP) Software
Business Analysis Applications
13
22. Participation in business processes - such as workflow
ERP TECHNOLOGY
Elogistics
Structured collaboration
Document unique
23. 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
SAP (Systems - Applications - and Products)
Organizational standardization
Quality Contract
Unstructured collaboration
24. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Structured collaboration
Messaging-based workflow system
Explicit knowledge
3 way match
25. Track logistics movement of goods.
Company code level
Document principles
Automatic account assignments
3 way match
26. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Material master records
Information partnership
Organizational standardization
Tacit knowledge
27. 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
Online transaction processing (OLTP)
Internal business process
Dozen
ERP TECHNOLOGY
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
Key Business Exposures
Company code level
Business Analysis Applications
Knowledge management
29. 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.
Shadowing
General ledger accounts
Structured collaboration
Payment terms
30. The global leader with 30 to 60% of the ERP market
Monthly rent payment
SAP (Systems - Applications - and Products)
Balanced scorecard
ERP PROCESS
31. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
Optimize business performance
Messaging-based workflow system
CRM
Elogistics
32. 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
Solid implementation plan
Peoplesoft
Core Applications
Segregation of duties
33. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Contracts
Material master
Social networking analysis
SAP R/3
34. Includes what management systems: document MS - digital asset MS - web content MS
Dozen
Data warehouse
SAP R/3
CMS marketplace
35. Price Variance. Maximum cash discount variance.
Messaging-based workflow system
Quotation
Purchasing tolerances
ERP PROCESS
36. Account and finance - production and materials management - human resource
Purchasing tolerances
Core ERP components
Tacit knowledge
Contracts
37. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Structured collaboration
Procurement process
Business Analysis Applications
Online transaction processing (OLTP)
38. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Quality Contract
Content management system
XML (eXtensible Markup Language)
Payment is too high or low
39. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Shadowing
Online analytical processing (OLAP
SAP R/3
Internal control issues
40. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Quotation
Shadowing
Document principles
Peoplesoft
41. 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
Solid implementation plan
Structured collaboration
ERP PEOPLE
Payment is too high or low
42. 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
Valuation Grouping code
Internal control issues
CRM
Peoplesoft
43. Request for quotation
Extended ERP components
Optimize business performance
Tolerance group
RFQ
44. Manages the transportation and storage of goods
Elogistics
Proper business analysis
Plant level
Content management system
45. An outline agreement
Organizational standardization
ERP PEOPLE
Extended ERP components
Contracts
46. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Explicit knowledge
Document numbers
Quotation
Material master records
47. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Hypertext
Online transaction processing (OLTP)
Social networking analysis
Audit scope and timeframe
48. 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
Workflow
Segregation of duties
SAP (Systems - Applications - and Products)
Collaboration system
49. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Solid implementation plan
Hypertext
Groupware
Optimize business performance
50. You have created a material master. This material be shared at _________
Plant level
Quotation
Online transaction processing (OLTP)
Oracle