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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. A _____ is needed to monitor the quality - objectives - and timelines
Process insurance expense
Solid implementation plan
Knowledge management systems (KMS)
Segregation of duties
2. Supports the work of teams by facilitating the sharing and flow of information
Collaboration system
Vendor master records
Posting keys
Database-based workflow system
3. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Key Business Exposures
Knowledge management
Proper business analysis
Material master records
4. 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
Data warehouse
13
Instantaneously
Payment terms
5. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Automatic account assignments
Default
Material master records
Posting keys
6. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Default
Unstructured collaboration
Core competency
Knowledge management systems (KMS)
7. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Phased-In Method of ERP Implementation
Hypertext
XML (eXtensible Markup Language)
Business Analysis Applications
8. 2 categories of collaboration systems: __________ - structured/process
Segregation of duties
Messaging-based workflow system
Unstructured/information
Document unique
9. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Procurement process
Key Business Exposures
XML (eXtensible Markup Language)
Balanced scorecard
10. An outline agreement
CRM
Tolerance group
Oracle
Contracts
11. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Information partnership
Posting keys
3 way match
Core ERP components
12. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Default
Internal business process
Tolerance group
Unstructured collaboration
13. Includes what management systems: document MS - digital asset MS - web content MS
Proper business analysis
Taxonomy Creation
CMS marketplace
Peoplesoft
14. You have created a vendor master. This vendor be shared at ________
Elogistics
Document unique
Company code level
Core Applications
15. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Content management system
Online transaction processing (OLTP)
Dozen
Core competency
16. 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
Workflow
Valuation Grouping code
Payment terms
Database-based workflow system
17. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Payment is too high or low
Company code level
Tacit knowledge
Information partnership
18. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Contracts
Data warehouse
Segregation of duties
Valuation Grouping code
19. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
Online analytical processing (OLAP
CRM
Elogistics
Content management system
20. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
CRM
Organizational standardization
Company code level
Knowledge management systems (KMS)
21. A meta-language for describing markup languages
Document unique
XML (eXtensible Markup Language)
ERP PROCESS
Unstructured collaboration
22. 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
Unstructured/information
Quality Contract
Document numbers
Flexible configuration
23. Three things make a _________: Document number. Fiscal Year. Company Code.
Document numbers
Explicit knowledge
Document unique
ERP PEOPLE
24. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Audit scope and timeframe
Workflow management system
Extended ERP components
Business Analysis Applications
25. The primary reason for data warehousing is to _______________
Optimize business performance
Instantaneously
Explicit knowledge
Collaboration system
26. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Tolerance group
XBRL (eXtensible Business Reporting System)
Extended ERP components
Monthly rent expense
27. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Payment is too high or low
Quality Contract
Core Applications
Data warehouse
28. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Unstructured/information
Big Bang Method of ERP implementation
Workflow management system
Document types
29. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Taxonomy Creation
Material master
Document unique
Document numbers
30. You have created a material master. This material be shared at _________
Dozen
Big Bang Method of ERP implementation
Plant level
Material master
31. 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
Business Analysis Applications
Dozen
Content management system
Posting periods
32. Posting periods in FF
Instance documents
Segregation of duties
ERP PEOPLE
13
33. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
Flexible configuration
Tacit knowledge
Core competency
ERP PROCESS
34. 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
CMS marketplace
Key Business Exposures
Knowledge management
Messaging-based workflow system
35. 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
Posting keys
Online analytical processing (OLAP
Invoice receipt tolerances
36. Anything that can be documented - archived - and codified - often with the help of IT
Vendor master records
Knowledge management systems (KMS)
Taxonomy Creation
Explicit knowledge
37. Participation in business processes - such as workflow
Structured collaboration
Quality Contract
Internal control issues
Peoplesoft
38. 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
Proper business analysis
Collaboration system
Quotation
Internal control issues
39. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Knowledge management
Document unique
Database-based workflow system
Tolerance group
40. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
CMS marketplace
Extended ERP components
Material master
Peoplesoft
41. Manages the transportation and storage of goods
Collaboration system
Unstructured/information
Elogistics
General ledger accounts
42. 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
Segregation of duties
CMS marketplace
Business Analysis Applications
Audit scope and timeframe
43. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Process insurance expense
ERP TECHNOLOGY
Database-based workflow system
Collaboration system
44. 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.
Flexible configuration
XML (eXtensible Markup Language)
General ledger accounts
Payment terms
45. Sends work assignments through an e-mail system
CRM
Workflow management system
Shadowing
Messaging-based workflow system
46. Facilitates the automation and management of business processes and controls the movement of work through the business process
Workflow management system
RFQ
Monthly rent payment
Key Business Exposures
47. 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
Peoplesoft
Core Applications
Database-based workflow system
Quality Contract
48. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Database-based workflow system
Monthly rent expense
Vendor master records
Process insurance expense
49. The two main ERP applications: Core Applications and ___________
Unstructured/information
Business Analysis Applications
Unstructured collaboration
13
50. 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
SAP R/3
Big Bang Method of ERP implementation
Audit scope and timeframe
CRM