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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. The second largest ERP vendor
Quality Contract
Oracle
Dozen
Structured collaboration
2. Manages the transportation and storage of goods
SAP R/3
Core ERP components
Elogistics
Phased-In Method of ERP Implementation
3. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Monthly rent expense
Social networking analysis
ERP TECHNOLOGY
XML (eXtensible Markup Language)
4. 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
Payment is too high or low
Monthly rent payment
Business Analysis Applications
Core Applications
5. he financial periods that are posted for reporting purposes - internal and external.
Document numbers
Organizational standardization
Posting periods
Valuation Grouping code
6. The steps to completing the ___________ process: Agreement - invoice - payment.
Phased-In Method of ERP Implementation
Monthly rent payment
Balanced scorecard
Payment is too high or low
7. Enables organizations to clarify their vision and strategy and translate them into action
General ledger accounts
Balanced scorecard
Internal business process
Tacit knowledge
8. 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.
Taxonomy Creation
Collaboration system
XML (eXtensible Markup Language)
General ledger accounts
9. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Material master records
Business Analysis Applications
RFQ
XBRL (eXtensible Business Reporting System)
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
13
Material master records
Payment is too high or low
Structured collaboration
11. 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.
Segregation of duties
Knowledge management
Payment terms
Custom made
12. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Data warehouse
General ledger accounts
Structured collaboration
Tolerance group
13. Supports the work of teams by facilitating the sharing and flow of information
Key Business Exposures
Hypertext
Collaboration system
Oracle
14. Account and finance - production and materials management - human resource
Core ERP components
Content management system
Internal business process
Document principles
15. All the steps or business rules - from beginning to end - required for a business process
Messaging-based workflow system
Online analytical processing (OLAP
Material master records
Workflow
16. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Organizational standardization
Document numbers
Custom made
Shadowing
17. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
ERP TECHNOLOGY
Monthly rent expense
Internal business process
13
18. An outline agreement
RFQ
Optimize business performance
Material master
Contracts
19. Track logistics movement of goods.
Automatic account assignments
Valuation Grouping code
Online analytical processing (OLAP
XBRL (eXtensible Business Reporting System)
20. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Procurement process
Core ERP components
Extended ERP components
Knowledge management systems (KMS)
21. 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
Online analytical processing (OLAP
Dozen
Hypertext
Messaging-based workflow system
22. Supports team interactions
Payment is too high or low
Groupware
Information partnership
Automatic account assignments
23. The global leader with 30 to 60% of the ERP market
Material master records
Balanced scorecard
Unstructured collaboration
SAP (Systems - Applications - and Products)
24. Participation in business processes - such as workflow
Audit scope and timeframe
Structured collaboration
Organizational standardization
Default
25. usiness intelligence - CRM - SCM - e-business
Explicit knowledge
Extended ERP components
ERP TECHNOLOGY
Automatic account assignments
26. You have created a vendor master. This vendor be shared at ________
Quotation
ERP PROCESS
Workflow management system
Company code level
27. You have created a material master. This material be shared at _________
3 way match
Plant level
Flexible configuration
Document numbers
28. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Balanced scorecard
Internal business process
Document types
Process insurance expense
29. 2 categories of collaboration systems: __________ - structured/process
Structured collaboration
Tolerance group
Plant level
Unstructured/information
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
Workflow
13
ERP TECHNOLOGY
CRM
31. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Taxonomy Creation
Organizational standardization
Collaboration system
Internal control issues
32. Three things make a _________: Document number. Fiscal Year. Company Code.
Workflow
Document unique
Unstructured collaboration
Posting periods
33. 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
Online transaction processing (OLTP)
Content management system
Segregation of duties
Process insurance expense
34. An organization's key strength - the business function that it does better than any of its competitors
Company code level
Document numbers
Monthly rent expense
Core competency
35. Includes support for multicountry - multicurrency environments and wide scalability
Plant level
Big Bang Method of ERP implementation
SAP R/3
Company code level
36. 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
Procurement process
Explicit knowledge
Key Business Exposures
Enterprise Resource System (ERP) Software
37. Posting periods in FF
Plant level
Oracle
Hypertext
13
38. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Optimize business performance
ERP TECHNOLOGY
Plant level
Online transaction processing (OLTP)
39. Includes what management systems: document MS - digital asset MS - web content MS
Monthly rent payment
Big Bang Method of ERP implementation
CMS marketplace
Posting periods
40. A meta-language for describing markup languages
XML (eXtensible Markup Language)
Key Business Exposures
Monthly rent expense
Knowledge management
41. Anything that can be documented - archived - and codified - often with the help of IT
Explicit knowledge
13
Payment terms
Document types
42. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
ERP PEOPLE
Internal control issues
ERP TECHNOLOGY
Workflow
43. Request for quotation
RFQ
Structured collaboration
Database-based workflow system
Elogistics
44. 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
Dozen
Database-based workflow system
Instance documents
Enterprise Resource System (ERP) Software
45. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Posting periods
Taxonomy Creation
Valuation Grouping code
Core competency
46. Price Variance. Maximum cash discount variance.
Groupware
Structured collaboration
XBRL (eXtensible Business Reporting System)
Purchasing tolerances
47. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Content management system
Payment terms
Document principles
Structured collaboration
48. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Plant level
XBRL (eXtensible Business Reporting System)
Core competency
Hypertext
49. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Audit scope and timeframe
Document unique
CMS marketplace
Unstructured/information
50. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
3 way match
Online analytical processing (OLAP
Core Applications
ERP TECHNOLOGY