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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. 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
RFQ
13
Enterprise Resource System (ERP) Software
Database-based workflow system
2. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Taxonomy Creation
Workflow management system
Database-based workflow system
Document unique
3. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
13
Organizational standardization
Flexible configuration
ERP PEOPLE
4. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Plant level
Big Bang Method of ERP implementation
ERP PEOPLE
Online transaction processing (OLTP)
5. The two main ERP applications: Core Applications and ___________
Custom made
Posting periods
Business Analysis Applications
Audit scope and timeframe
6. Posting periods in FF
Document unique
Workflow
Peoplesoft
13
7. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Default
Posting keys
Document principles
Purchasing tolerances
8. An organization's key strength - the business function that it does better than any of its competitors
Core competency
CMS marketplace
CRM
Elogistics
9. A process of mapping a group's contacts to identify who knows whom and who works with whom
Internal business process
Document numbers
Collaboration system
Social networking analysis
10. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
CRM
Procurement process
Company code level
Phased-In Method of ERP Implementation
11. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Segregation of duties
Dozen
Knowledge management systems (KMS)
Knowledge management
12. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
SAP R/3
3 way match
General ledger accounts
Procurement process
13. Request for quotation
RFQ
Automatic account assignments
Tolerance group
SAP (Systems - Applications - and Products)
14. Document exchange - shared whiteboards - discussion forums - email
Knowledge management systems (KMS)
RFQ
Unstructured collaboration
Content management system
15. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Unstructured collaboration
Core Applications
Internal business process
Unstructured/information
16. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Content management system
Vendor master records
SAP (Systems - Applications - and Products)
Balanced scorecard
17. 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
Optimize business performance
Payment is too high or low
Oracle
Internal business process
18. 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
Process insurance expense
Instantaneously
Workflow management system
Internal control issues
19. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Quality Contract
Phased-In Method of ERP Implementation
Automatic account assignments
Material master
20. Manages the transportation and storage of goods
Elogistics
Tacit knowledge
Solid implementation plan
ERP TECHNOLOGY
21. The types of contracts: Quantity Contract - ___________
Quotation
Procurement process
Quality Contract
Organizational standardization
22. Price Variance. Maximum cash discount variance.
Purchasing tolerances
Business Analysis Applications
Solid implementation plan
Elogistics
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
Phased-In Method of ERP Implementation
Online analytical processing (OLAP
Internal control issues
XBRL (eXtensible Business Reporting System)
24. You have created a material master. This material be shared at _________
Balanced scorecard
Monthly rent payment
Posting keys
Plant level
25. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Structured collaboration
Segregation of duties
Purchasing tolerances
Tolerance group
26. All the steps or business rules - from beginning to end - required for a business process
Core ERP components
Custom made
Workflow
Groupware
27. 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
Key Business Exposures
Knowledge management systems (KMS)
Contracts
28. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
Phased-In Method of ERP Implementation
Monthly rent payment
Payment terms
ERP PROCESS
29. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Contracts
Knowledge management
Big Bang Method of ERP implementation
Business Analysis Applications
30. Tells whether a transaction is a debit or credit and what G/L account is associated.
Posting keys
Explicit knowledge
Structured collaboration
Unstructured collaboration
31. 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.
Dozen
Payment terms
General ledger accounts
Proper business analysis
32. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Data warehouse
General ledger accounts
Invoice receipt tolerances
Core Applications
33. Includes support for multicountry - multicurrency environments and wide scalability
General ledger accounts
SAP R/3
Valuation Grouping code
Payment terms
34. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Monthly rent expense
ERP PEOPLE
Tolerance group
Collaboration system
35. A meta-language for describing markup languages
Plant level
Workflow
XML (eXtensible Markup Language)
Social networking analysis
36. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Quotation
Internal control issues
Payment is too high or low
Payment terms
37. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Process insurance expense
Quality Contract
Hypertext
Invoice receipt tolerances
38. he financial periods that are posted for reporting purposes - internal and external.
ERP TECHNOLOGY
Process insurance expense
Posting periods
SAP (Systems - Applications - and Products)
39. Account and finance - production and materials management - human resource
Quotation
Segregation of duties
ERP PEOPLE
Core ERP components
40. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Process insurance expense
Phased-In Method of ERP Implementation
Procurement process
Instantaneously
41. Purchased by Oracle - Strength in HR management - Widely used in the federal government
General ledger accounts
Online transaction processing (OLTP)
Peoplesoft
Material master records
42. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Social networking analysis
Key Business Exposures
Solid implementation plan
Enterprise Resource System (ERP) Software
43. Participation in business processes - such as workflow
Payment terms
Structured collaboration
Taxonomy Creation
Default
44. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
Unstructured collaboration
CRM
Taxonomy Creation
Knowledge management systems (KMS)
45. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Internal control issues
Custom made
CMS marketplace
Instantaneously
46. 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
Shadowing
Workflow
Organizational standardization
47. Facilitates the automation and management of business processes and controls the movement of work through the business process
Material master records
ERP TECHNOLOGY
Workflow management system
XBRL (eXtensible Business Reporting System)
48. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Posting keys
Online transaction processing (OLTP)
Tacit knowledge
Instance documents
49. 2 categories of collaboration systems: __________ - structured/process
Data warehouse
Material master
Messaging-based workflow system
Unstructured/information
50. Sends work assignments through an e-mail system
Information partnership
Messaging-based workflow system
Core Applications
Balanced scorecard