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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 types of contracts: Quantity Contract - ___________
CMS marketplace
Quality Contract
Process insurance expense
Online transaction processing (OLTP)
2. Participation in business processes - such as workflow
Structured collaboration
13
Payment terms
Knowledge management systems (KMS)
3. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Proper business analysis
Core competency
Shadowing
ERP TECHNOLOGY
4. 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
Key Business Exposures
Enterprise Resource System (ERP) Software
Tolerance group
Business Analysis Applications
5. An outline agreement
Explicit knowledge
Material master records
Contracts
Payment is too high or low
6. Sends work assignments through an e-mail system
RFQ
Messaging-based workflow system
Peoplesoft
Segregation of duties
7. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Peoplesoft
Document types
Internal business process
Proper business analysis
8. 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
Monthly rent expense
Elogistics
Payment is too high or low
CRM
9. 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
Database-based workflow system
Document principles
Online transaction processing (OLTP)
Material master records
10. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Tolerance group
Knowledge management systems (KMS)
Internal business process
Elogistics
11. A process of mapping a group's contacts to identify who knows whom and who works with whom
Social networking analysis
Online transaction processing (OLTP)
Content management system
Internal business process
12. 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
Organizational standardization
Material master
Online transaction processing (OLTP)
13. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
Posting keys
Document principles
Oracle
ERP PEOPLE
14. he financial periods that are posted for reporting purposes - internal and external.
Social networking analysis
Procurement process
Dozen
Posting periods
15. Price Variance. Maximum cash discount variance.
Flexible configuration
Information partnership
Online transaction processing (OLTP)
Purchasing tolerances
16. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Content management system
Procurement process
Business Analysis Applications
Document numbers
17. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Peoplesoft
Process insurance expense
Collaboration system
Structured collaboration
18. 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
Document principles
Collaboration system
Explicit knowledge
Invoice receipt tolerances
19. Document exchange - shared whiteboards - discussion forums - email
Unstructured collaboration
Solid implementation plan
CMS marketplace
Messaging-based workflow system
20. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Core competency
Posting keys
Internal business process
Tolerance group
21. The global leader with 30 to 60% of the ERP market
SAP (Systems - Applications - and Products)
Organizational standardization
Document types
Core Applications
22. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Document principles
Extended ERP components
Custom made
Elogistics
23. Supports team interactions
Groupware
Custom made
Internal control issues
Audit scope and timeframe
24. Anything that can be documented - archived - and codified - often with the help of IT
Explicit knowledge
Posting keys
Extended ERP components
Core Applications
25. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Valuation Grouping code
Tolerance group
Solid implementation plan
Instance documents
26. Manages the transportation and storage of goods
XBRL (eXtensible Business Reporting System)
Elogistics
Knowledge management
Material master
27. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Default
Contracts
Document principles
Enterprise Resource System (ERP) Software
28. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
ERP PEOPLE
Process insurance expense
Knowledge management
Dozen
29. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
Database-based workflow system
Contracts
ERP PROCESS
Business Analysis Applications
30. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Knowledge management
Data warehouse
RFQ
Material master
31. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Core competency
Core Applications
Messaging-based workflow system
Phased-In Method of ERP Implementation
32. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Phased-In Method of ERP Implementation
Hypertext
Tolerance group
Flexible configuration
33. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Online analytical processing (OLAP
XBRL (eXtensible Business Reporting System)
Audit scope and timeframe
SAP (Systems - Applications - and Products)
34. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Taxonomy Creation
Groupware
Shadowing
Knowledge management
35. A _____ is needed to monitor the quality - objectives - and timelines
Solid implementation plan
ERP PEOPLE
Groupware
XBRL (eXtensible Business Reporting System)
36. Request for quotation
Shadowing
Unstructured collaboration
Instance documents
RFQ
37. 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
Core Applications
Enterprise Resource System (ERP) Software
Payment terms
Hypertext
38. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Enterprise Resource System (ERP) Software
Business Analysis Applications
Material master records
Monthly rent expense
39. The purpose of __________: Audit Trail. Determines the type of document it is.
Enterprise Resource System (ERP) Software
Big Bang Method of ERP implementation
Shadowing
Document numbers
40. 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
Oracle
Unstructured collaboration
Structured collaboration
41. 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
Business Analysis Applications
Dozen
Segregation of duties
Knowledge management systems (KMS)
42. 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
Monthly rent expense
Key Business Exposures
Workflow management system
Core competency
43. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
SAP (Systems - Applications - and Products)
ERP TECHNOLOGY
Audit scope and timeframe
Vendor master records
44. 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
ERP TECHNOLOGY
Document principles
Dozen
Data warehouse
45. 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
Workflow management system
Internal control issues
Company code level
ERP PEOPLE
46. Tells whether a transaction is a debit or credit and what G/L account is associated.
Posting keys
Workflow management system
Content management system
XML (eXtensible Markup Language)
47. All the steps or business rules - from beginning to end - required for a business process
Tacit knowledge
CMS marketplace
CRM
Workflow
48. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Data warehouse
Information partnership
Workflow
13
49. Tell us who is responsible for the document and when it was created.
Unstructured collaboration
Document principles
Social networking analysis
Quality Contract
50. Supports the work of teams by facilitating the sharing and flow of information
SAP R/3
Payment terms
Collaboration system
Purchasing tolerances