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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. Tells whether a transaction is a debit or credit and what G/L account is associated.
Posting keys
Business Analysis Applications
Shadowing
Organizational standardization
2. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Procurement process
Monthly rent expense
Process insurance expense
Workflow
3. Manages the transportation and storage of goods
Business Analysis Applications
Instance documents
Knowledge management
Elogistics
4. 2 categories of collaboration systems: __________ - structured/process
Tolerance group
Process insurance expense
Information partnership
Unstructured/information
5. Posting periods in FF
Social networking analysis
Tolerance group
13
Elogistics
6. The steps to completing the ___________ process: Agreement - invoice - payment.
Vendor master records
Monthly rent expense
Monthly rent payment
Custom made
7. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
3 way match
Monthly rent payment
Core ERP components
Plant level
8. 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
Flexible configuration
Audit scope and timeframe
Knowledge management systems (KMS)
Invoice receipt tolerances
9. The types of contracts: Quantity Contract - ___________
Online transaction processing (OLTP)
Quality Contract
Elogistics
Monthly rent payment
10. 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
Groupware
Business Analysis Applications
3 way match
11. 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
Online transaction processing (OLTP)
Organizational standardization
Explicit knowledge
12. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Taxonomy Creation
Quotation
Shadowing
Peoplesoft
13. All the steps or business rules - from beginning to end - required for a business process
Optimize business performance
Posting periods
Extended ERP components
Workflow
14. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Data warehouse
Extended ERP components
Messaging-based workflow system
Quotation
15. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Shadowing
Business Analysis Applications
Taxonomy Creation
Hypertext
16. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Instance documents
Dozen
General ledger accounts
Audit scope and timeframe
17. Track logistics movement of goods.
Automatic account assignments
Information partnership
Unstructured/information
Material master records
18. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Business Analysis Applications
Invoice receipt tolerances
Monthly rent expense
Content management system
19. 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
Monthly rent payment
Enterprise Resource System (ERP) Software
Instantaneously
Workflow
20. Enables organizations to clarify their vision and strategy and translate them into action
Segregation of duties
Balanced scorecard
Quality Contract
Quotation
21. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
ERP PROCESS
General ledger accounts
Quality Contract
Material master
22. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Workflow
Purchasing tolerances
Quality Contract
Data warehouse
23. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Key Business Exposures
Payment terms
General ledger accounts
Custom made
24. Participation in business processes - such as workflow
Payment terms
Internal business process
Structured collaboration
Material master records
25. The purpose of __________: Audit Trail. Determines the type of document it is.
Document unique
Flexible configuration
Document numbers
RFQ
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
Custom made
Core Applications
Posting periods
Taxonomy Creation
27. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Online analytical processing (OLAP
Core ERP components
Proper business analysis
Enterprise Resource System (ERP) Software
28. 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
Document unique
Balanced scorecard
Segregation of duties
Online analytical processing (OLAP
29. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Oracle
Optimize business performance
Peoplesoft
Enterprise Resource System (ERP) Software
30. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Knowledge management
Explicit knowledge
Instantaneously
Plant level
31. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
XBRL (eXtensible Business Reporting System)
Material master
RFQ
Online transaction processing (OLTP)
32. 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
Explicit knowledge
Instantaneously
Optimize business performance
Dozen
33. 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
Hypertext
Instance documents
Key Business Exposures
Core ERP components
34. An organization's key strength - the business function that it does better than any of its competitors
Shadowing
Database-based workflow system
Core competency
Enterprise Resource System (ERP) Software
35. A process of mapping a group's contacts to identify who knows whom and who works with whom
Solid implementation plan
Document types
Online transaction processing (OLTP)
Social networking analysis
36. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
CMS marketplace
Instantaneously
Core ERP components
Internal business process
37. Anything that can be documented - archived - and codified - often with the help of IT
Payment is too high or low
Explicit knowledge
CMS marketplace
Document types
38. The global leader with 30 to 60% of the ERP market
SAP (Systems - Applications - and Products)
Elogistics
Workflow
Posting keys
39. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Unstructured/information
Groupware
Tacit knowledge
Messaging-based workflow system
40. Price Variance. Maximum cash discount variance.
Quotation
Instantaneously
Default
Purchasing tolerances
41. Request for quotation
RFQ
Internal control issues
Valuation Grouping code
Extended ERP components
42. The primary reason for data warehousing is to _______________
Optimize business performance
Document unique
Online transaction processing (OLTP)
Unstructured collaboration
43. usiness intelligence - CRM - SCM - e-business
Payment is too high or low
Extended ERP components
Default
ERP PROCESS
44. Account and finance - production and materials management - human resource
SAP (Systems - Applications - and Products)
Core Applications
Core ERP components
ERP PROCESS
45. Three things make a _________: Document number. Fiscal Year. Company Code.
Company code level
Online transaction processing (OLTP)
Workflow
Document unique
46. An outline agreement
Contracts
Dozen
Invoice receipt tolerances
RFQ
47. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Hypertext
CRM
Posting keys
Audit scope and timeframe
48. A _____ is needed to monitor the quality - objectives - and timelines
3 way match
Invoice receipt tolerances
Solid implementation plan
XBRL (eXtensible Business Reporting System)
49. he financial periods that are posted for reporting purposes - internal and external.
Posting periods
Document principles
Custom made
Unstructured/information
50. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Hypertext
Workflow management system
Instantaneously
Valuation Grouping code