SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
Core ERP components
CRM
Document numbers
Flexible configuration
2. Price Variance. Maximum cash discount variance.
Explicit knowledge
Knowledge management systems (KMS)
Internal business process
Purchasing tolerances
3. 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
RFQ
Oracle
Posting periods
Organizational standardization
4. An organization's key strength - the business function that it does better than any of its competitors
Tacit knowledge
Core competency
Taxonomy Creation
Structured collaboration
5. 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)
Default
Proper business analysis
Phased-In Method of ERP Implementation
6. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Document types
Enterprise Resource System (ERP) Software
Big Bang Method of ERP implementation
Key Business Exposures
7. A meta-language for describing markup languages
Monthly rent expense
XML (eXtensible Markup Language)
Social networking analysis
Knowledge management systems (KMS)
8. 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
Peoplesoft
ERP TECHNOLOGY
Document types
Optimize business performance
9. 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
Dozen
Segregation of duties
CRM
Peoplesoft
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
Unstructured/information
Big Bang Method of ERP implementation
Core ERP components
Payment is too high or low
11. Account and finance - production and materials management - human resource
SAP R/3
Proper business analysis
Core ERP components
Workflow management system
12. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Structured collaboration
Online transaction processing (OLTP)
CRM
Shadowing
13. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Tacit knowledge
Extended ERP components
Key Business Exposures
Information partnership
14. 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
Internal control issues
Vendor master records
Shadowing
Business Analysis Applications
15. Supports the work of teams by facilitating the sharing and flow of information
Collaboration system
Plant level
13
Solid implementation plan
16. 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
SAP (Systems - Applications - and Products)
Custom made
Internal control issues
17. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Custom made
Elogistics
Database-based workflow system
Process insurance expense
18. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Instantaneously
Core ERP components
Groupware
Content management system
19. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Material master
Knowledge management
CRM
Big Bang Method of ERP implementation
20. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
RFQ
Core ERP components
Information partnership
Default
21. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Audit scope and timeframe
Document unique
Contracts
Company code level
22. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Proper business analysis
Solid implementation plan
Instance documents
Custom made
23. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Hypertext
Collaboration system
Posting keys
Document principles
24. 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
Structured collaboration
Audit scope and timeframe
Big Bang Method of ERP implementation
Company code level
25. 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
Elogistics
Invoice receipt tolerances
Audit scope and timeframe
Material master
26. All the steps or business rules - from beginning to end - required for a business process
Posting keys
Workflow
Core competency
Instance documents
27. Includes what management systems: document MS - digital asset MS - web content MS
Big Bang Method of ERP implementation
Core ERP components
CMS marketplace
Instance documents
28. Track logistics movement of goods.
Automatic account assignments
Process insurance expense
Explicit knowledge
Groupware
29. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Company code level
Enterprise Resource System (ERP) Software
Quality Contract
Proper business analysis
30. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Posting periods
Instance documents
Taxonomy Creation
Balanced scorecard
31. You have created a vendor master. This vendor be shared at ________
Company code level
Monthly rent expense
Knowledge management systems (KMS)
Data warehouse
32. The second largest ERP vendor
Segregation of duties
13
Proper business analysis
Oracle
33. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Taxonomy Creation
CMS marketplace
Tacit knowledge
Database-based workflow system
34. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Vendor master records
Workflow
Plant level
Peoplesoft
35. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Unstructured collaboration
Internal business process
ERP PEOPLE
Document principles
36. Posting periods in FF
Oracle
Peoplesoft
Process insurance expense
13
37. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Purchasing tolerances
SAP R/3
Proper business analysis
Knowledge management systems (KMS)
38. Document exchange - shared whiteboards - discussion forums - email
ERP TECHNOLOGY
Knowledge management
Unstructured collaboration
Knowledge management systems (KMS)
39. he financial periods that are posted for reporting purposes - internal and external.
Contracts
Posting periods
General ledger accounts
Default
40. You have created a material master. This material be shared at _________
Core Applications
Quotation
Plant level
ERP PROCESS
41. The purpose of __________: Audit Trail. Determines the type of document it is.
Enterprise Resource System (ERP) Software
Extended ERP components
Document numbers
Proper business analysis
42. 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
3 way match
Database-based workflow system
General ledger accounts
Payment terms
43. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Process insurance expense
Contracts
Tacit knowledge
Big Bang Method of ERP implementation
44. Includes support for multicountry - multicurrency environments and wide scalability
Automatic account assignments
Business Analysis Applications
SAP R/3
Monthly rent payment
45. Enables organizations to clarify their vision and strategy and translate them into action
ERP PROCESS
Document types
Contracts
Balanced scorecard
46. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
Collaboration system
Payment terms
Payment is too high or low
ERP PROCESS
47. 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
13
Unstructured/information
ERP PEOPLE
Online analytical processing (OLAP
48. The primary reason for data warehousing is to _______________
Payment is too high or low
Solid implementation plan
Posting keys
Optimize business performance
49. The types of contracts: Quantity Contract - ___________
Hypertext
Quality Contract
Internal control issues
Proper business analysis
50. 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
Core Applications
Quotation
Proper business analysis
Valuation Grouping code