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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. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
ERP PROCESS
Knowledge management systems (KMS)
Proper business analysis
Groupware
2. An outline agreement
Peoplesoft
Contracts
Phased-In Method of ERP Implementation
SAP R/3
3. Supports team interactions
Tacit knowledge
Collaboration system
Optimize business performance
Groupware
4. 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
Custom made
Business Analysis Applications
Peoplesoft
Extended ERP components
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
Process insurance expense
Payment is too high or low
Proper business analysis
Online transaction processing (OLTP)
6. Participation in business processes - such as workflow
Procurement process
Data warehouse
Structured collaboration
Plant level
7. Includes what management systems: document MS - digital asset MS - web content MS
Key Business Exposures
CMS marketplace
Contracts
Phased-In Method of ERP Implementation
8. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Default
13
3 way match
Audit scope and timeframe
9. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Taxonomy Creation
Process insurance expense
Posting periods
Audit scope and timeframe
10. usiness intelligence - CRM - SCM - e-business
Internal business process
Quality Contract
Posting periods
Extended ERP components
11. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
Material master
Enterprise Resource System (ERP) Software
ERP PROCESS
Core competency
12. A meta-language for describing markup languages
Plant level
Oracle
Online transaction processing (OLTP)
XML (eXtensible Markup Language)
13. 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
Unstructured collaboration
Elogistics
Core Applications
Document unique
14. 2 categories of collaboration systems: __________ - structured/process
Content management system
Unstructured/information
Invoice receipt tolerances
ERP PEOPLE
15. Three things make a _________: Document number. Fiscal Year. Company Code.
Big Bang Method of ERP implementation
Document unique
Elogistics
Unstructured collaboration
16. A _____ is needed to monitor the quality - objectives - and timelines
Balanced scorecard
Key Business Exposures
Plant level
Solid implementation plan
17. 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
Taxonomy Creation
Online analytical processing (OLAP
Key Business Exposures
Document numbers
18. Tells whether a transaction is a debit or credit and what G/L account is associated.
Online analytical processing (OLAP
Proper business analysis
Posting keys
Segregation of duties
19. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Taxonomy Creation
Information partnership
Custom made
Messaging-based workflow system
20. Supports the work of teams by facilitating the sharing and flow of information
Knowledge management
Collaboration system
Core Applications
Monthly rent expense
21. Tell us who is responsible for the document and when it was created.
Segregation of duties
Document principles
Contracts
Instance documents
22. 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
Big Bang Method of ERP implementation
Internal control issues
ERP PEOPLE
Workflow management system
23. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
13
RFQ
Automatic account assignments
Phased-In Method of ERP Implementation
24. 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
Plant level
Explicit knowledge
Phased-In Method of ERP Implementation
Organizational standardization
25. Request for quotation
Collaboration system
Data warehouse
RFQ
Optimize business performance
26. 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
Online analytical processing (OLAP
Valuation Grouping code
Monthly rent expense
Business Analysis Applications
27. Manages the transportation and storage of goods
Messaging-based workflow system
Elogistics
XML (eXtensible Markup Language)
Database-based workflow system
28. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Data warehouse
Monthly rent payment
Process insurance expense
Document types
29. Purchased by Oracle - Strength in HR management - Widely used in the federal government
CMS marketplace
Core competency
Online analytical processing (OLAP
Peoplesoft
30. The two main ERP applications: Core Applications and ___________
Payment is too high or low
Business Analysis Applications
Segregation of duties
Key Business Exposures
31. Includes support for multicountry - multicurrency environments and wide scalability
Social networking analysis
CMS marketplace
Extended ERP components
SAP R/3
32. Facilitates the automation and management of business processes and controls the movement of work through the business process
Internal business process
Proper business analysis
Elogistics
Workflow management system
33. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Dozen
Core Applications
Information partnership
Explicit knowledge
34. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Tacit knowledge
Key Business Exposures
XBRL (eXtensible Business Reporting System)
Contracts
35. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Knowledge management
Plant level
Workflow
Online transaction processing (OLTP)
36. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Document types
Tacit knowledge
Core Applications
Database-based workflow system
37. Document exchange - shared whiteboards - discussion forums - email
Contracts
Segregation of duties
Document principles
Unstructured collaboration
38. The second largest ERP vendor
3 way match
Key Business Exposures
Oracle
RFQ
39. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Material master
Knowledge management systems (KMS)
Structured collaboration
Tolerance group
40. Posting periods in FF
Messaging-based workflow system
13
SAP (Systems - Applications - and Products)
Procurement process
41. 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
ERP TECHNOLOGY
Extended ERP components
Core competency
Document unique
42. Price Variance. Maximum cash discount variance.
Oracle
Core competency
Purchasing tolerances
Unstructured/information
43. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Knowledge management systems (KMS)
Custom made
Internal control issues
Peoplesoft
44. You have created a material master. This material be shared at _________
Plant level
Enterprise Resource System (ERP) Software
Peoplesoft
Automatic account assignments
45. Account and finance - production and materials management - human resource
Core ERP components
Internal control issues
Explicit knowledge
Elogistics
46. 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
Core ERP components
Database-based workflow system
Payment terms
Business Analysis Applications
47. 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
Internal control issues
XML (eXtensible Markup Language)
Shadowing
Information partnership
48. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Key Business Exposures
Shadowing
Instantaneously
Information partnership
49. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Monthly rent expense
Monthly rent payment
Default
Quotation
50. All the steps or business rules - from beginning to end - required for a business process
Online analytical processing (OLAP
Workflow
Instantaneously
Business Analysis Applications