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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. 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
Invoice receipt tolerances
Structured collaboration
Explicit knowledge
Tacit knowledge
2. The second largest ERP vendor
Instance documents
Monthly rent payment
Business Analysis Applications
Oracle
3. The steps to completing the ___________ process: Agreement - invoice - payment.
CMS marketplace
Monthly rent payment
Material master
Procurement process
4. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Online transaction processing (OLTP)
XBRL (eXtensible Business Reporting System)
Workflow
Hypertext
5. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Payment is too high or low
Material master
Enterprise Resource System (ERP) Software
Organizational standardization
6. The types of contracts: Quantity Contract - ___________
Vendor master records
Core competency
Internal control issues
Quality Contract
7. Anything that can be documented - archived - and codified - often with the help of IT
Instantaneously
Process insurance expense
SAP (Systems - Applications - and Products)
Explicit knowledge
8. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Custom made
Audit scope and timeframe
RFQ
Payment terms
9. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Database-based workflow system
Document types
Proper business analysis
Posting keys
10. Tells whether a transaction is a debit or credit and what G/L account is associated.
Vendor master records
Posting keys
Enterprise Resource System (ERP) Software
Payment is too high or low
11. The purpose of __________: Audit Trail. Determines the type of document it is.
3 way match
Material master
Quotation
Document numbers
12. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Payment is too high or low
Quotation
Taxonomy Creation
Enterprise Resource System (ERP) Software
13. Account and finance - production and materials management - human resource
ERP TECHNOLOGY
Social networking analysis
Tacit knowledge
Core ERP components
14. An organization's key strength - the business function that it does better than any of its competitors
Posting keys
Core competency
Flexible configuration
Database-based workflow system
15. Facilitates the automation and management of business processes and controls the movement of work through the business process
Workflow management system
Posting keys
Contracts
Default
16. A process of mapping a group's contacts to identify who knows whom and who works with whom
Instance documents
Social networking analysis
Internal business process
XBRL (eXtensible Business Reporting System)
17. 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 principles
Segregation of duties
Dozen
Taxonomy Creation
18. Supports the work of teams by facilitating the sharing and flow of information
Collaboration system
Core Applications
Social networking analysis
Instantaneously
19. 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
Proper business analysis
Payment terms
Enterprise Resource System (ERP) Software
Flexible configuration
20. 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
Payment terms
Organizational standardization
Phased-In Method of ERP Implementation
Collaboration system
21. The two main ERP applications: Core Applications and ___________
Business Analysis Applications
Information partnership
Audit scope and timeframe
XBRL (eXtensible Business Reporting System)
22. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Phased-In Method of ERP Implementation
Unstructured/information
3 way match
Invoice receipt tolerances
23. 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
Shadowing
Unstructured/information
Payment is too high or low
Explicit knowledge
24. You have created a material master. This material be shared at _________
Groupware
XML (eXtensible Markup Language)
Core Applications
Plant level
25. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Document unique
XML (eXtensible Markup Language)
Monthly rent expense
Procurement process
26. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Peoplesoft
Internal business process
Online transaction processing (OLTP)
Unstructured collaboration
27. 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
Key Business Exposures
Document types
Plant level
Default
28. Request for quotation
Hypertext
Vendor master records
Unstructured/information
RFQ
29. 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
Oracle
Plant level
XBRL (eXtensible Business Reporting System)
Big Bang Method of ERP implementation
30. 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
Valuation Grouping code
Phased-In Method of ERP Implementation
Elogistics
Online analytical processing (OLAP
31. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Proper business analysis
Posting keys
Posting periods
RFQ
32. All the steps or business rules - from beginning to end - required for a business process
Document types
Workflow
Automatic account assignments
Tolerance group
33. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Material master
Tolerance group
Shadowing
Payment terms
34. Includes what management systems: document MS - digital asset MS - web content MS
Peoplesoft
CMS marketplace
Oracle
Social networking analysis
35. Participation in business processes - such as workflow
Data warehouse
Structured collaboration
Payment terms
Quotation
36. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
Internal control issues
ERP PEOPLE
Dozen
General ledger accounts
37. Price Variance. Maximum cash discount variance.
Information partnership
Plant level
Purchasing tolerances
Structured collaboration
38. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Tacit knowledge
Monthly rent payment
Vendor master records
Process insurance expense
39. You have created a vendor master. This vendor be shared at ________
Knowledge management systems (KMS)
Company code level
Big Bang Method of ERP implementation
Messaging-based workflow system
40. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
3 way match
Automatic account assignments
Valuation Grouping code
Knowledge management systems (KMS)
41. Enables organizations to clarify their vision and strategy and translate them into action
Social networking analysis
Balanced scorecard
ERP PROCESS
Default
42. 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
Online analytical processing (OLAP
ERP TECHNOLOGY
Instantaneously
Tacit knowledge
43. Includes support for multicountry - multicurrency environments and wide scalability
Knowledge management systems (KMS)
Material master
SAP R/3
Flexible configuration
44. Supports team interactions
Valuation Grouping code
Hypertext
Groupware
Purchasing tolerances
45. Tell us who is responsible for the document and when it was created.
Document principles
Hypertext
Elogistics
Monthly rent expense
46. 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
CMS marketplace
Internal control issues
Social networking analysis
Automatic account assignments
47. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Instance documents
SAP (Systems - Applications - and Products)
Core competency
Explicit knowledge
48. A _____ is needed to monitor the quality - objectives - and timelines
Balanced scorecard
Solid implementation plan
Quotation
Workflow management system
49. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Structured collaboration
Internal business process
Flexible configuration
Core Applications
50. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
Automatic account assignments
Business Analysis Applications
CRM
Quality Contract