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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 second largest ERP vendor
Oracle
Posting periods
Quotation
Peoplesoft
2. The key _______ issued: 1) difficulty of migration from legacy systems to ERP database - 2) lack of interoperability among different vendors - 3)and continual maintenance requirements
Quality Contract
ERP TECHNOLOGY
Enterprise Resource System (ERP) Software
Valuation Grouping code
3. 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
Knowledge management
Extended ERP components
Instantaneously
Internal business process
4. Request for quotation
Contracts
Instance documents
RFQ
Invoice receipt tolerances
5. 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
Vendor master records
Payment is too high or low
ERP TECHNOLOGY
RFQ
6. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
Internal business process
Tacit knowledge
ERP PROCESS
13
7. Track logistics movement of goods.
3 way match
Knowledge management systems (KMS)
Automatic account assignments
13
8. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Payment terms
Default
XBRL (eXtensible Business Reporting System)
Proper business analysis
9. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Extended ERP components
3 way match
Custom made
Data warehouse
10. Anything that can be documented - archived - and codified - often with the help of IT
ERP PROCESS
Peoplesoft
Explicit knowledge
Invoice receipt tolerances
11. Tell us who is responsible for the document and when it was created.
Procurement process
Document principles
Internal business process
Default
12. A meta-language for describing markup languages
Business Analysis Applications
Material master records
XML (eXtensible Markup Language)
Procurement process
13. You have created a vendor master. This vendor be shared at ________
Core Applications
Posting keys
Company code level
Unstructured/information
14. 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
Plant level
Internal business process
Segregation of duties
Solid implementation plan
15. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Hypertext
Peoplesoft
Internal business process
Document numbers
16. Document exchange - shared whiteboards - discussion forums - email
13
Dozen
Unstructured collaboration
Material master
17. 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
Knowledge management
Unstructured/information
Core Applications
ERP PROCESS
18. Tells whether a transaction is a debit or credit and what G/L account is associated.
Payment terms
Posting keys
Segregation of duties
Social networking analysis
19. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Information partnership
Organizational standardization
Online transaction processing (OLTP)
Monthly rent expense
20. Sends work assignments through an e-mail system
Payment is too high or low
Data warehouse
Messaging-based workflow system
Information partnership
21. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
ERP PEOPLE
Tolerance group
Taxonomy Creation
3 way match
22. The types of contracts: Quantity Contract - ___________
Core competency
Quality Contract
13
Dozen
23. 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
SAP (Systems - Applications - and Products)
Internal control issues
Payment is too high or low
Vendor master records
24. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Dozen
Material master
Database-based workflow system
Default
25. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Tacit knowledge
Content management system
Document principles
Unstructured/information
26. An outline agreement
Database-based workflow system
Optimize business performance
Contracts
Key Business Exposures
27. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Structured collaboration
Online transaction processing (OLTP)
Optimize business performance
Elogistics
28. You have created a material master. This material be shared at _________
Automatic account assignments
Plant level
Online analytical processing (OLAP
Extended ERP components
29. 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
Collaboration system
XBRL (eXtensible Business Reporting System)
3 way match
30. Supports team interactions
Groupware
Explicit knowledge
Instantaneously
Automatic account assignments
31. usiness intelligence - CRM - SCM - e-business
Core ERP components
RFQ
Extended ERP components
Oracle
32. Includes support for multicountry - multicurrency environments and wide scalability
Information partnership
Posting periods
Hypertext
SAP R/3
33. Facilitates the automation and management of business processes and controls the movement of work through the business process
Unstructured/information
Enterprise Resource System (ERP) Software
Organizational standardization
Workflow management system
34. 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
SAP (Systems - Applications - and Products)
Payment is too high or low
CMS marketplace
Dozen
35. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Segregation of duties
Quotation
Taxonomy Creation
Oracle
36. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Groupware
Plant level
Hypertext
Valuation Grouping code
37. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Shadowing
Material master records
Core competency
Process insurance expense
38. 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.
Custom made
General ledger accounts
Organizational standardization
Core Applications
39. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Custom made
Internal control issues
Vendor master records
Peoplesoft
40. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Optimize business performance
Data warehouse
Hypertext
CMS marketplace
41. 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
General ledger accounts
Peoplesoft
ERP PEOPLE
Online analytical processing (OLAP
42. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Taxonomy Creation
Internal business process
Procurement process
Balanced scorecard
43. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Instantaneously
Monthly rent payment
Material master
Knowledge management systems (KMS)
44. 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
Flexible configuration
Big Bang Method of ERP implementation
Workflow
Proper business analysis
45. Enables organizations to clarify their vision and strategy and translate them into action
Data warehouse
Quality Contract
Business Analysis Applications
Balanced scorecard
46. Three things make a _________: Document number. Fiscal Year. Company Code.
Document unique
Phased-In Method of ERP Implementation
Core ERP components
Oracle
47. Price Variance. Maximum cash discount variance.
Phased-In Method of ERP Implementation
Vendor master records
Purchasing tolerances
Custom made
48. Manages the transportation and storage of goods
3 way match
Elogistics
CRM
Tacit knowledge
49. All the steps or business rules - from beginning to end - required for a business process
Document unique
Workflow
Social networking analysis
Groupware
50. The steps to completing the ___________ process: Agreement - invoice - payment.
Quality Contract
Monthly rent payment
Flexible configuration
CMS marketplace