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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. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Quotation
Phased-In Method of ERP Implementation
Content management system
Document types
2. Manages the transportation and storage of goods
XML (eXtensible Markup Language)
Quotation
Elogistics
Groupware
3. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Monthly rent expense
Payment is too high or low
Internal control issues
Custom made
4. Track logistics movement of goods.
Structured collaboration
Automatic account assignments
Proper business analysis
Contracts
5. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Instantaneously
Segregation of duties
Collaboration system
Tacit knowledge
6. 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
General ledger accounts
Workflow
Process insurance expense
Flexible configuration
7. 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
Document principles
Instantaneously
Dozen
Default
8. The steps to completing the ___________ process: Agreement - invoice - payment.
Monthly rent payment
ERP PROCESS
Business Analysis Applications
Messaging-based workflow system
9. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Purchasing tolerances
Knowledge management systems (KMS)
Taxonomy Creation
Workflow management system
10. 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
Information partnership
Phased-In Method of ERP Implementation
CRM
11. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Groupware
Online analytical processing (OLAP
Contracts
Hypertext
12. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
XBRL (eXtensible Business Reporting System)
Valuation Grouping code
3 way match
Groupware
13. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Structured collaboration
Solid implementation plan
Segregation of duties
Shadowing
14. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Payment terms
Procurement process
Information partnership
Workflow
15. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Collaboration system
Valuation Grouping code
General ledger accounts
Contracts
16. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Vendor master records
Content management system
Core ERP components
Internal control issues
17. The primary reason for data warehousing is to _______________
Purchasing tolerances
Database-based workflow system
Optimize business performance
13
18. The purpose of __________: Audit Trail. Determines the type of document it is.
Document numbers
Company code level
Process insurance expense
Workflow
19. usiness intelligence - CRM - SCM - e-business
Plant level
Extended ERP components
SAP R/3
Payment terms
20. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Business Analysis Applications
Monthly rent expense
Content management system
Online transaction processing (OLTP)
21. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
3 way match
SAP (Systems - Applications - and Products)
Internal control issues
Instance documents
22. Sends work assignments through an e-mail system
Monthly rent expense
Messaging-based workflow system
Core ERP components
Taxonomy Creation
23. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Internal control issues
Monthly rent payment
Quality Contract
Data warehouse
24. 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
Dozen
Quotation
SAP R/3
Enterprise Resource System (ERP) Software
25. Tell us who is responsible for the document and when it was created.
Document principles
Workflow management system
Internal business process
Document unique
26. You have created a material master. This material be shared at _________
Data warehouse
Plant level
Document principles
Monthly rent expense
27. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
Solid implementation plan
Purchasing tolerances
ERP PROCESS
Knowledge management
28. 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
Unstructured/information
Explicit knowledge
Knowledge management systems (KMS)
29. 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
Material master records
Online analytical processing (OLAP
Monthly rent payment
Quotation
30. 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
Instance documents
Online analytical processing (OLAP
ERP TECHNOLOGY
Segregation of duties
31. Anything that can be documented - archived - and codified - often with the help of IT
Solid implementation plan
3 way match
Knowledge management systems (KMS)
Explicit knowledge
32. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Quotation
Tacit knowledge
13
Procurement process
33. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Knowledge management systems (KMS)
Optimize business performance
Shadowing
Contracts
34. Facilitates the automation and management of business processes and controls the movement of work through the business process
Payment terms
Extended ERP components
Optimize business performance
Workflow management system
35. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Default
Extended ERP components
Internal business process
Unstructured collaboration
36. 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
Business Analysis Applications
Invoice receipt tolerances
Payment is too high or low
Data warehouse
37. 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.
Payment terms
Process insurance expense
Social networking analysis
Quotation
38. The global leader with 30 to 60% of the ERP market
SAP R/3
Document numbers
Big Bang Method of ERP implementation
SAP (Systems - Applications - and Products)
39. An outline agreement
Dozen
Instantaneously
Segregation of duties
Contracts
40. 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
Content management system
Valuation Grouping code
Solid implementation plan
Core Applications
41. 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
Business Analysis Applications
Key Business Exposures
Audit scope and timeframe
Solid implementation plan
42. A meta-language for describing markup languages
Workflow management system
Vendor master records
Invoice receipt tolerances
XML (eXtensible Markup Language)
43. Supports the work of teams by facilitating the sharing and flow of information
SAP (Systems - Applications - and Products)
Payment terms
Collaboration system
Internal business process
44. Supports team interactions
Proper business analysis
Peoplesoft
Groupware
SAP (Systems - Applications - and Products)
45. Three things make a _________: Document number. Fiscal Year. Company Code.
Unstructured collaboration
Document unique
Workflow
13
46. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
ERP PROCESS
3 way match
Collaboration system
Taxonomy Creation
47. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Internal business process
Tolerance group
Material master records
Core ERP components
48. 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
Internal control issues
Organizational standardization
SAP R/3
Elogistics
49. he financial periods that are posted for reporting purposes - internal and external.
CRM
Information partnership
Posting periods
Peoplesoft
50. 2 categories of collaboration systems: __________ - structured/process
Unstructured/information
Document unique
ERP PEOPLE
Material master