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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. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Shadowing
Document principles
Oracle
Peoplesoft
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.
Material master records
Balanced scorecard
Default
Optimize business performance
3. 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
Payment is too high or low
Flexible configuration
CMS marketplace
Core Applications
4. Includes what management systems: document MS - digital asset MS - web content MS
Material master
CMS marketplace
Solid implementation plan
Unstructured/information
5. 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
Elogistics
Taxonomy Creation
Hypertext
6. Enables organizations to clarify their vision and strategy and translate them into action
Balanced scorecard
Information partnership
Shadowing
CRM
7. The purpose of __________: Audit Trail. Determines the type of document it is.
Taxonomy Creation
Posting keys
Payment terms
Document numbers
8. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Workflow
SAP R/3
Audit scope and timeframe
Material master records
9. 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
Vendor master records
Social networking analysis
Instantaneously
Segregation of duties
10. Supports the work of teams by facilitating the sharing and flow of information
Vendor master records
Document principles
Collaboration system
Procurement process
11. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Content management system
Proper business analysis
Audit scope and timeframe
Enterprise Resource System (ERP) Software
12. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
Vendor master records
Material master records
ERP PEOPLE
CRM
13. 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
Knowledge management
Content management system
Organizational standardization
14. You have created a material master. This material be shared at _________
Vendor master records
Social networking analysis
Plant level
Default
15. Tells whether a transaction is a debit or credit and what G/L account is associated.
Posting keys
Business Analysis Applications
Data warehouse
Invoice receipt tolerances
16. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Unstructured/information
3 way match
Balanced scorecard
Valuation Grouping code
17. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Knowledge management
Default
CRM
Payment terms
18. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Online analytical processing (OLAP
Hypertext
Organizational standardization
Plant level
19. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Contracts
Knowledge management systems (KMS)
Procurement process
Monthly rent expense
20. 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
Information partnership
Phased-In Method of ERP Implementation
Invoice receipt tolerances
Big Bang Method of ERP implementation
21. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Proper business analysis
Knowledge management
Segregation of duties
Balanced scorecard
22. he financial periods that are posted for reporting purposes - internal and external.
RFQ
Quotation
Posting periods
Knowledge management systems (KMS)
23. The primary reason for data warehousing is to _______________
Contracts
Document principles
Optimize business performance
Document unique
24. Tell us who is responsible for the document and when it was created.
Segregation of duties
Company code level
Document principles
Dozen
25. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Document types
ERP PROCESS
ERP PEOPLE
Valuation Grouping code
26. 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
Monthly rent payment
Phased-In Method of ERP Implementation
Posting keys
27. 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.
Data warehouse
Payment terms
Database-based workflow system
Proper business analysis
28. 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
Messaging-based workflow system
Segregation of duties
Monthly rent expense
Dozen
29. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Explicit knowledge
Phased-In Method of ERP Implementation
ERP PROCESS
Proper business analysis
30. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Segregation of duties
Material master
Document principles
General ledger accounts
31. Sends work assignments through an e-mail system
Invoice receipt tolerances
Collaboration system
CMS marketplace
Messaging-based workflow system
32. 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
Explicit knowledge
Messaging-based workflow system
Online analytical processing (OLAP
Quality Contract
33. 2 categories of collaboration systems: __________ - structured/process
Quotation
Unstructured/information
Vendor master records
Default
34. Anything that can be documented - archived - and codified - often with the help of IT
Posting periods
Explicit knowledge
Social networking analysis
Payment terms
35. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Process insurance expense
Procurement process
Quality Contract
Core ERP components
36. 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
Tolerance group
Business Analysis Applications
Procurement process
Explicit knowledge
37. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Information partnership
CMS marketplace
Hypertext
Elogistics
38. Manages the transportation and storage of goods
3 way match
Core competency
ERP PEOPLE
Elogistics
39. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
CRM
XBRL (eXtensible Business Reporting System)
Custom made
Monthly rent payment
40. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Big Bang Method of ERP implementation
Online transaction processing (OLTP)
Valuation Grouping code
Structured collaboration
41. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Database-based workflow system
Segregation of duties
Process insurance expense
Payment terms
42. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Collaboration system
XML (eXtensible Markup Language)
Solid implementation plan
XBRL (eXtensible Business Reporting System)
43. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Company code level
ERP PROCESS
Taxonomy Creation
Tacit knowledge
44. The steps to completing the ___________ process: Agreement - invoice - payment.
SAP R/3
Posting periods
Audit scope and timeframe
Monthly rent payment
45. You have created a vendor master. This vendor be shared at ________
Groupware
Company code level
Solid implementation plan
Instantaneously
46. Participation in business processes - such as workflow
Document principles
Structured collaboration
Automatic account assignments
Internal business process
47. 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
Flexible configuration
Taxonomy Creation
Elogistics
48. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Document types
Structured collaboration
Organizational standardization
CMS marketplace
49. Posting periods in FF
General ledger accounts
Taxonomy Creation
Online analytical processing (OLAP
13
50. Includes support for multicountry - multicurrency environments and wide scalability
SAP R/3
Unstructured collaboration
Invoice receipt tolerances
Messaging-based workflow system