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Test your basic knowledge |
ERP: Enterprise Resource Planning
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Study First
Subject
:
it-skills
Instructions:
Answer 50 questions in 15 minutes.
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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. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Taxonomy Creation
Online transaction processing (OLTP)
Invoice receipt tolerances
Instance documents
2. The primary reason for data warehousing is to _______________
Workflow
Company code level
Phased-In Method of ERP Implementation
Optimize business performance
3. Facilitates the automation and management of business processes and controls the movement of work through the business process
RFQ
Flexible configuration
Procurement process
Workflow management system
4. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Information partnership
Core ERP components
Shadowing
Taxonomy Creation
5. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Business Analysis Applications
Valuation Grouping code
Monthly rent expense
3 way match
6. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
Vendor master records
Monthly rent payment
ERP PROCESS
Information partnership
7. The second largest ERP vendor
Oracle
Online transaction processing (OLTP)
Shadowing
Internal control issues
8. 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
Instance documents
Online analytical processing (OLAP
Business Analysis Applications
Organizational standardization
9. The purpose of __________: Audit Trail. Determines the type of document it is.
Content management system
Document numbers
Plant level
SAP (Systems - Applications - and Products)
10. Request for quotation
Instance documents
Document unique
RFQ
Taxonomy Creation
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.
Data warehouse
General ledger accounts
Tacit knowledge
Valuation Grouping code
12. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Monthly rent expense
Enterprise Resource System (ERP) Software
Document numbers
Process insurance expense
13. The two main ERP applications: Core Applications and ___________
Document numbers
Business Analysis Applications
ERP PEOPLE
Balanced scorecard
14. Tells whether a transaction is a debit or credit and what G/L account is associated.
Taxonomy Creation
Business Analysis Applications
Posting keys
Instantaneously
15. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
Core competency
Tolerance group
ERP PEOPLE
Internal business process
16. An outline agreement
Automatic account assignments
Explicit knowledge
Contracts
SAP R/3
17. The types of contracts: Quantity Contract - ___________
Quality Contract
Knowledge management systems (KMS)
Phased-In Method of ERP Implementation
Document principles
18. 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
Material master records
Organizational standardization
Workflow management system
Key Business Exposures
19. 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
Tacit knowledge
Core Applications
Purchasing tolerances
Knowledge management
20. Anything that can be documented - archived - and codified - often with the help of IT
Explicit knowledge
Key Business Exposures
Peoplesoft
Monthly rent expense
21. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Knowledge management systems (KMS)
Default
Payment terms
Quotation
22. A _____ is needed to monitor the quality - objectives - and timelines
Core Applications
ERP PEOPLE
Solid implementation plan
CMS marketplace
23. The steps to completing the ___________ process: Agreement - invoice - payment.
Monthly rent payment
Internal control issues
Document types
Messaging-based workflow system
24. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Monthly rent expense
Taxonomy Creation
Company code level
Groupware
25. 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
Information partnership
Online analytical processing (OLAP
Structured collaboration
26. 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
Core ERP components
Dozen
XBRL (eXtensible Business Reporting System)
Elogistics
27. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Custom made
Posting keys
General ledger accounts
Flexible configuration
28. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Internal business process
Database-based workflow system
Hypertext
Workflow
29. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Procurement process
CRM
Business Analysis Applications
Content management system
30. Supports the work of teams by facilitating the sharing and flow of information
Collaboration system
Automatic account assignments
Peoplesoft
Hypertext
31. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
SAP R/3
Enterprise Resource System (ERP) Software
Online analytical processing (OLAP
XBRL (eXtensible Business Reporting System)
32. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Document numbers
Data warehouse
Tolerance group
Knowledge management
33. 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
Segregation of duties
Material master
ERP PROCESS
34. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Organizational standardization
Procurement process
ERP PEOPLE
Material master records
35. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Hypertext
Tolerance group
Monthly rent expense
SAP (Systems - Applications - and Products)
36. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Content management system
Shadowing
XML (eXtensible Markup Language)
Default
37. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
3 way match
Document numbers
Business Analysis Applications
Internal business process
38. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Internal control issues
Phased-In Method of ERP Implementation
Core ERP components
Invoice receipt tolerances
39. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Quotation
ERP PEOPLE
Invoice receipt tolerances
Collaboration system
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
Online analytical processing (OLAP
Posting periods
Flexible configuration
Organizational standardization
41. Document exchange - shared whiteboards - discussion forums - email
Instance documents
Unstructured collaboration
Extended ERP components
Material master
42. Track logistics movement of goods.
Plant level
Automatic account assignments
Collaboration system
Posting keys
43. Posting periods in FF
13
General ledger accounts
Instantaneously
XBRL (eXtensible Business Reporting System)
44. Enables organizations to clarify their vision and strategy and translate them into action
Balanced scorecard
Solid implementation plan
Workflow management system
Data warehouse
45. 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
Oracle
Key Business Exposures
Business Analysis Applications
Company code level
46. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Audit scope and timeframe
Document numbers
SAP R/3
Material master
47. A meta-language for describing markup languages
SAP R/3
XML (eXtensible Markup Language)
Payment terms
Internal business process
48. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Online transaction processing (OLTP)
Phased-In Method of ERP Implementation
Content management system
Enterprise Resource System (ERP) Software
49. 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
Data warehouse
Business Analysis Applications
ERP TECHNOLOGY
Content management system
50. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Knowledge management systems (KMS)
Posting keys
Vendor master records
Enterprise Resource System (ERP) Software
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