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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. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Custom made
Collaboration system
Procurement process
Material master
2. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
XML (eXtensible Markup Language)
Quotation
Segregation of duties
Dozen
3. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Instantaneously
Segregation of duties
Procurement process
Messaging-based workflow system
4. he financial periods that are posted for reporting purposes - internal and external.
Content management system
CRM
Posting periods
RFQ
5. The types of contracts: Quantity Contract - ___________
Quality Contract
XBRL (eXtensible Business Reporting System)
13
Phased-In Method of ERP Implementation
6. The purpose of __________: Audit Trail. Determines the type of document it is.
Document numbers
Data warehouse
Workflow
Balanced scorecard
7. The two main ERP applications: Core Applications and ___________
Business Analysis Applications
Oracle
Company code level
Key Business Exposures
8. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Tacit knowledge
Key Business Exposures
Organizational standardization
RFQ
9. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Content management system
3 way match
Knowledge management systems (KMS)
Flexible configuration
10. Supports team interactions
CRM
Social networking analysis
Key Business Exposures
Groupware
11. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Information partnership
Posting keys
Default
Enterprise Resource System (ERP) Software
12. 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
General ledger accounts
Internal control issues
Segregation of duties
Hypertext
13. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Taxonomy Creation
Unstructured/information
Dozen
Workflow
14. Three things make a _________: Document number. Fiscal Year. Company Code.
Document unique
Unstructured/information
Taxonomy Creation
Posting periods
15. Manages the transportation and storage of goods
3 way match
Elogistics
Material master
Document unique
16. Tells whether a transaction is a debit or credit and what G/L account is associated.
Payment terms
Posting keys
ERP PEOPLE
Elogistics
17. Decision support tool for management critical tasks through analytical investigation of complex data associations - supplies management with real-time info - takes information and converts it to data to make useful
Proper business analysis
Shadowing
Business Analysis Applications
Database-based workflow system
18. 2 categories of collaboration systems: __________ - structured/process
General ledger accounts
RFQ
Unstructured/information
Instance documents
19. The global leader with 30 to 60% of the ERP market
SAP (Systems - Applications - and Products)
Proper business analysis
Elogistics
Material master records
20. Enables organizations to clarify their vision and strategy and translate them into action
Document types
Online transaction processing (OLTP)
Balanced scorecard
Internal business process
21. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Process insurance expense
Organizational standardization
Messaging-based workflow system
Workflow
22. Document exchange - shared whiteboards - discussion forums - email
Business Analysis Applications
Unstructured collaboration
Unstructured/information
Groupware
23. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Phased-In Method of ERP Implementation
Material master records
Content management system
Quotation
24. A process of mapping a group's contacts to identify who knows whom and who works with whom
Social networking analysis
Optimize business performance
Unstructured collaboration
Tolerance group
25. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Peoplesoft
CMS marketplace
Posting periods
Audit scope and timeframe
26. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
ERP PROCESS
Dozen
Data warehouse
3 way match
27. 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
Core ERP components
Invoice receipt tolerances
Monthly rent payment
RFQ
28. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Monthly rent expense
Unstructured/information
Data warehouse
Phased-In Method of ERP Implementation
29. The primary reason for data warehousing is to _______________
Big Bang Method of ERP implementation
Optimize business performance
Unstructured/information
Taxonomy Creation
30. Price Variance. Maximum cash discount variance.
Purchasing tolerances
Knowledge management systems (KMS)
General ledger accounts
Groupware
31. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Explicit knowledge
Procurement process
ERP TECHNOLOGY
Peoplesoft
32. 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
Explicit knowledge
Core Applications
RFQ
ERP TECHNOLOGY
33. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Flexible configuration
Instance documents
Workflow management system
Solid implementation plan
34. 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
Vendor master records
13
Dozen
Monthly rent expense
35. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Taxonomy Creation
Groupware
Phased-In Method of ERP Implementation
Knowledge management systems (KMS)
36. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Solid implementation plan
Peoplesoft
Document types
CMS marketplace
37. 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.
General ledger accounts
XBRL (eXtensible Business Reporting System)
Groupware
Hypertext
38. 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
Document numbers
Organizational standardization
Company code level
Shadowing
39. 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.
SAP (Systems - Applications - and Products)
Optimize business performance
Payment terms
Quality Contract
40. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Extended ERP components
Phased-In Method of ERP Implementation
Monthly rent payment
Solid implementation plan
41. 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
Social networking analysis
Posting periods
Groupware
Online analytical processing (OLAP
42. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Internal business process
SAP (Systems - Applications - and Products)
Quotation
Document principles
43. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Material master
Plant level
Online transaction processing (OLTP)
CRM
44. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Monthly rent expense
Proper business analysis
Instantaneously
Document principles
45. An outline agreement
Messaging-based workflow system
Contracts
Segregation of duties
Proper business analysis
46. Includes support for multicountry - multicurrency environments and wide scalability
SAP R/3
Core competency
Audit scope and timeframe
Tolerance group
47. Posting periods in FF
Invoice receipt tolerances
13
Online transaction processing (OLTP)
Core ERP components
48. usiness intelligence - CRM - SCM - e-business
Explicit knowledge
Online analytical processing (OLAP
Phased-In Method of ERP Implementation
Extended ERP components
49. 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
Instantaneously
Quality Contract
Balanced scorecard
50. 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
Social networking analysis
Core ERP components
Document numbers