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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. Tell us who is responsible for the document and when it was created.
Valuation Grouping code
Plant level
Document principles
Company code level
2. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
SAP (Systems - Applications - and Products)
Knowledge management systems (KMS)
Segregation of duties
Custom made
3. 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
Workflow management system
Organizational standardization
Business Analysis Applications
13
4. Tells whether a transaction is a debit or credit and what G/L account is associated.
3 way match
Instantaneously
Posting keys
Monthly rent payment
5. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Knowledge management
Core competency
Company code level
Default
6. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Oracle
Automatic account assignments
Default
Information partnership
7. 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 periods
Instance documents
Business Analysis Applications
Internal control issues
8. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Monthly rent payment
Payment is too high or low
Document principles
XBRL (eXtensible Business Reporting System)
9. Participation in business processes - such as workflow
Structured collaboration
Organizational standardization
Flexible configuration
Tacit knowledge
10. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Phased-In Method of ERP Implementation
Document types
Material master records
Posting keys
11. An organization's key strength - the business function that it does better than any of its competitors
Structured collaboration
Proper business analysis
Business Analysis Applications
Core competency
12. An outline agreement
Key Business Exposures
Proper business analysis
Contracts
Automatic account assignments
13. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Taxonomy Creation
Optimize business performance
ERP TECHNOLOGY
Custom made
14. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Unstructured/information
Procurement process
Default
Hypertext
15. The purpose of __________: Audit Trail. Determines the type of document it is.
Contracts
Document numbers
Flexible configuration
ERP PROCESS
16. Enables organizations to clarify their vision and strategy and translate them into action
Balanced scorecard
Unstructured collaboration
ERP TECHNOLOGY
Vendor master records
17. The primary reason for data warehousing is to _______________
Explicit knowledge
Big Bang Method of ERP implementation
Core competency
Optimize business performance
18. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Hypertext
Business Analysis Applications
Content management system
Payment is too high or low
19. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
Information partnership
3 way match
Enterprise Resource System (ERP) Software
CRM
20. You have created a vendor master. This vendor be shared at ________
Phased-In Method of ERP Implementation
Company code level
Explicit knowledge
Document principles
21. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Organizational standardization
Quality Contract
Quotation
Database-based workflow system
22. 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
Dozen
Optimize business performance
Instantaneously
XML (eXtensible Markup Language)
23. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Social networking analysis
Audit scope and timeframe
SAP (Systems - Applications - and Products)
Automatic account assignments
24. 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.
Proper business analysis
Online analytical processing (OLAP
Key Business Exposures
Payment terms
25. usiness intelligence - CRM - SCM - e-business
Optimize business performance
Extended ERP components
Shadowing
Payment terms
26. 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.
Document principles
Peoplesoft
Unstructured collaboration
General ledger accounts
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
Business Analysis Applications
Database-based workflow system
Instantaneously
Internal control issues
28. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Tacit knowledge
Peoplesoft
Enterprise Resource System (ERP) Software
Quotation
29. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Messaging-based workflow system
Company code level
Hypertext
Core Applications
30. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Plant level
Document types
ERP TECHNOLOGY
Tolerance group
31. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Document numbers
Internal business process
Automatic account assignments
Valuation Grouping code
32. The global leader with 30 to 60% of the ERP market
Solid implementation plan
SAP (Systems - Applications - and Products)
RFQ
Process insurance expense
33. 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
Unstructured/information
Material master
Big Bang Method of ERP implementation
Phased-In Method of ERP Implementation
34. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Knowledge management
Quality Contract
3 way match
Data warehouse
35. 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
Business Analysis Applications
Groupware
Collaboration system
Tacit knowledge
36. Supports team interactions
Instantaneously
Groupware
Tacit knowledge
Core Applications
37. Three things make a _________: Document number. Fiscal Year. Company Code.
Peoplesoft
RFQ
Document unique
Key Business Exposures
38. Includes support for multicountry - multicurrency environments and wide scalability
SAP R/3
Instance documents
Vendor master records
CRM
39. 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
Extended ERP components
Flexible configuration
Document unique
Quotation
40. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
Elogistics
RFQ
ERP PEOPLE
Segregation of duties
41. Supports the work of teams by facilitating the sharing and flow of information
Default
Collaboration system
Monthly rent payment
Balanced scorecard
42. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Elogistics
Vendor master records
Material master
Default
43. Includes what management systems: document MS - digital asset MS - web content MS
Social networking analysis
CMS marketplace
Core Applications
Business Analysis Applications
44. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Oracle
Payment is too high or low
CMS marketplace
Peoplesoft
45. 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
Unstructured collaboration
Contracts
Online analytical processing (OLAP
Oracle
46. All the steps or business rules - from beginning to end - required for a business process
Workflow
Content management system
Monthly rent expense
Unstructured collaboration
47. Track logistics movement of goods.
Posting keys
Automatic account assignments
Dozen
Procurement process
48. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Extended ERP components
Data warehouse
Organizational standardization
Instantaneously
49. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Hypertext
Oracle
Instance documents
Knowledge management
50. A meta-language for describing markup languages
Groupware
Vendor master records
XML (eXtensible Markup Language)
Social networking analysis