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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. 2 categories of collaboration systems: __________ - structured/process
Unstructured/information
Workflow management system
Material master records
13
2. Amount for item with or without order reference - Form small differences automatically - Percentage Over/Under - Quantity Variance - Exceed amount: quantity variance - Blanket purchase order - value and time limit Price variance
Instance documents
Quotation
Knowledge management
Invoice receipt tolerances
3. he financial periods that are posted for reporting purposes - internal and external.
Posting periods
Document numbers
Taxonomy Creation
Automatic account assignments
4. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Instance documents
Vendor master records
Automatic account assignments
ERP PEOPLE
5. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Workflow
Dozen
Document numbers
Valuation Grouping code
6. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Peoplesoft
Unstructured collaboration
ERP PROCESS
Plant level
7. The primary reason for data warehousing is to _______________
Explicit knowledge
Knowledge management systems (KMS)
Optimize business performance
CMS marketplace
8. 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
Purchasing tolerances
Organizational standardization
Explicit knowledge
Online transaction processing (OLTP)
9. An outline agreement
Contracts
Collaboration system
RFQ
SAP R/3
10. Manages the transportation and storage of goods
ERP PEOPLE
Information partnership
Elogistics
XML (eXtensible Markup Language)
11. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
XBRL (eXtensible Business Reporting System)
Organizational standardization
Material master records
Information partnership
12. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Document types
Oracle
Material master records
Social networking analysis
13. The global leader with 30 to 60% of the ERP market
Tacit knowledge
SAP (Systems - Applications - and Products)
Enterprise Resource System (ERP) Software
Segregation of duties
14. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Material master
Solid implementation plan
13
Balanced scorecard
15. Three things make a _________: Document number. Fiscal Year. Company Code.
Document unique
Knowledge management systems (KMS)
Posting periods
Procurement process
16. The two main ERP applications: Core Applications and ___________
Segregation of duties
Workflow management system
Material master records
Business Analysis Applications
17. 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
Knowledge management systems (KMS)
Contracts
Groupware
18. Includes support for multicountry - multicurrency environments and wide scalability
Flexible configuration
SAP R/3
Collaboration system
Monthly rent payment
19. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Internal business process
Tacit knowledge
3 way match
Social networking analysis
20. Supports the work of teams by facilitating the sharing and flow of information
Collaboration system
RFQ
Core ERP components
Flexible configuration
21. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
Flexible configuration
Hypertext
CRM
Unstructured collaboration
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
Material master
Business Analysis Applications
Quality Contract
Dozen
23. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
XBRL (eXtensible Business Reporting System)
Material master records
Phased-In Method of ERP Implementation
Online analytical processing (OLAP
24. 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
Company code level
Data warehouse
Big Bang Method of ERP implementation
Information partnership
25. 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.
General ledger accounts
Social networking analysis
ERP PROCESS
Workflow
26. 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
Proper business analysis
Payment is too high or low
Structured collaboration
Document unique
27. A _____ is needed to monitor the quality - objectives - and timelines
Oracle
Solid implementation plan
Explicit knowledge
Structured collaboration
28. An organization's key strength - the business function that it does better than any of its competitors
Core competency
Taxonomy Creation
Core Applications
ERP TECHNOLOGY
29. Tell us who is responsible for the document and when it was created.
Core competency
Document principles
13
Internal business process
30. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Payment is too high or low
Knowledge management
Vendor master records
ERP PEOPLE
31. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Balanced scorecard
Monthly rent payment
Online analytical processing (OLAP
Data warehouse
32. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Default
Online transaction processing (OLTP)
Material master records
Posting periods
33. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Material master records
Posting keys
Information partnership
Flexible configuration
34. 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
Organizational standardization
Groupware
13
Key Business Exposures
35. Supports team interactions
Plant level
Groupware
Balanced scorecard
Messaging-based workflow system
36. Facilitates the automation and management of business processes and controls the movement of work through the business process
Valuation Grouping code
Workflow management system
Business Analysis Applications
General ledger accounts
37. The steps to completing the ___________ process: Agreement - invoice - payment.
Monthly rent payment
Segregation of duties
Monthly rent expense
CRM
38. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Knowledge management
Contracts
Content management system
CMS marketplace
39. Price Variance. Maximum cash discount variance.
Enterprise Resource System (ERP) Software
Core ERP components
Purchasing tolerances
Unstructured collaboration
40. 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
Posting keys
Posting periods
Flexible configuration
RFQ
41. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Procurement process
Core Applications
Payment is too high or low
13
42. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Company code level
Extended ERP components
Valuation Grouping code
Online transaction processing (OLTP)
43. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
3 way match
Purchasing tolerances
13
Dozen
44. 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
Payment terms
ERP TECHNOLOGY
Structured collaboration
Segregation of duties
45. usiness intelligence - CRM - SCM - e-business
Extended ERP components
Data warehouse
Internal control issues
Workflow
46. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Flexible configuration
Document unique
Structured collaboration
Process insurance expense
47. You have created a vendor master. This vendor be shared at ________
Social networking analysis
Company code level
CRM
Contracts
48. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Enterprise Resource System (ERP) Software
Messaging-based workflow system
ERP PEOPLE
CMS marketplace
49. You have created a material master. This material be shared at _________
Material master
Plant level
Organizational standardization
Unstructured/information
50. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Knowledge management systems (KMS)
Online transaction processing (OLTP)
Procurement process
ERP PEOPLE