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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. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Payment terms
Monthly rent expense
Data warehouse
Core competency
2. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
13
Workflow
Material master records
XBRL (eXtensible Business Reporting System)
3. 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
Internal business process
Vendor master records
Phased-In Method of ERP Implementation
4. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Organizational standardization
Internal business process
General ledger accounts
Solid implementation plan
5. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Balanced scorecard
Material master records
Segregation of duties
Valuation Grouping code
6. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Tacit knowledge
Dozen
Core ERP components
Quotation
7. 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
Tacit knowledge
Process insurance expense
Business Analysis Applications
Plant level
8. Supports the work of teams by facilitating the sharing and flow of information
Core Applications
Default
Flexible configuration
Collaboration system
9. 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
Collaboration system
Flexible configuration
Key Business Exposures
Optimize business performance
10. Three things make a _________: Document number. Fiscal Year. Company Code.
Document principles
Messaging-based workflow system
Peoplesoft
Document unique
11. You have created a vendor master. This vendor be shared at ________
Company code level
13
ERP PEOPLE
ERP TECHNOLOGY
12. Posting periods in FF
Social networking analysis
13
Oracle
XML (eXtensible Markup Language)
13. Includes what management systems: document MS - digital asset MS - web content MS
Explicit knowledge
CMS marketplace
Instantaneously
Material master records
14. 2 categories of collaboration systems: __________ - structured/process
Unstructured/information
Explicit knowledge
Proper business analysis
Plant level
15. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Information partnership
Data warehouse
XBRL (eXtensible Business Reporting System)
13
16. Price Variance. Maximum cash discount variance.
Workflow
Internal business process
Purchasing tolerances
Elogistics
17. 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
Posting keys
Big Bang Method of ERP implementation
Online analytical processing (OLAP
Material master
18. An organization's key strength - the business function that it does better than any of its competitors
ERP PROCESS
Core competency
3 way match
Online transaction processing (OLTP)
19. The types of contracts: Quantity Contract - ___________
Quality Contract
Extended ERP components
SAP (Systems - Applications - and Products)
Business Analysis Applications
20. Track logistics movement of goods.
Audit scope and timeframe
Automatic account assignments
Instance documents
Organizational standardization
21. The two main ERP applications: Core Applications and ___________
Dozen
Business Analysis Applications
ERP TECHNOLOGY
Taxonomy Creation
22. 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
Groupware
Dozen
Peoplesoft
Instantaneously
23. Includes support for multicountry - multicurrency environments and wide scalability
Elogistics
SAP R/3
Plant level
Purchasing tolerances
24. he financial periods that are posted for reporting purposes - internal and external.
Shadowing
Payment terms
Proper business analysis
Posting periods
25. The second largest ERP vendor
Groupware
Oracle
Core ERP components
Workflow management system
26. Tells whether a transaction is a debit or credit and what G/L account is associated.
Core Applications
Posting keys
Custom made
Procurement process
27. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Proper business analysis
Document numbers
Contracts
Unstructured collaboration
28. 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.
Payment terms
Material master records
Material master
Taxonomy Creation
29. All the steps or business rules - from beginning to end - required for a business process
Enterprise Resource System (ERP) Software
ERP PROCESS
Workflow
XML (eXtensible Markup Language)
30. The purpose of __________: Audit Trail. Determines the type of document it is.
ERP PROCESS
Organizational standardization
Document numbers
Monthly rent payment
31. usiness intelligence - CRM - SCM - e-business
Extended ERP components
Custom made
13
Online analytical processing (OLAP
32. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Document types
Online analytical processing (OLAP
Instance documents
Messaging-based workflow system
33. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Internal control issues
Shadowing
Plant level
Purchasing tolerances
34. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
CMS marketplace
Core competency
Instance documents
Instantaneously
35. 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
Payment terms
Plant level
Dozen
Document principles
36. The primary reason for data warehousing is to _______________
Procurement process
Optimize business performance
Instance documents
Collaboration system
37. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
Phased-In Method of ERP Implementation
Document principles
ERP PEOPLE
Collaboration system
38. Participation in business processes - such as workflow
Structured collaboration
Optimize business performance
Business Analysis Applications
3 way match
39. Facilitates the automation and management of business processes and controls the movement of work through the business process
Core ERP components
Workflow management system
Structured collaboration
ERP PROCESS
40. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Core ERP components
XBRL (eXtensible Business Reporting System)
Content management system
Invoice receipt tolerances
41. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Explicit knowledge
Tolerance group
Internal business process
Procurement process
42. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Quotation
Custom made
Unstructured/information
Key Business Exposures
43. 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
Hypertext
Internal control issues
Payment is too high or low
44. 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
Data warehouse
General ledger accounts
Unstructured collaboration
Online analytical processing (OLAP
45. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Phased-In Method of ERP Implementation
Document principles
3 way match
Material master records
46. Tell us who is responsible for the document and when it was created.
Valuation Grouping code
Document principles
Messaging-based workflow system
Database-based workflow system
47. Anything that can be documented - archived - and codified - often with the help of IT
ERP TECHNOLOGY
Plant level
Explicit knowledge
Contracts
48. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Audit scope and timeframe
Material master records
Explicit knowledge
Vendor master records
49. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
ERP PEOPLE
Peoplesoft
Monthly rent expense
Core ERP components
50. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
ERP PROCESS
Extended ERP components
Optimize business performance
Key Business Exposures