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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. 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
Information partnership
Key Business Exposures
Database-based workflow system
Taxonomy Creation
2. 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
SAP R/3
Segregation of duties
Optimize business performance
3. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Structured collaboration
Phased-In Method of ERP Implementation
Unstructured collaboration
Process insurance expense
4. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
13
Quotation
ERP PROCESS
Posting periods
5. Document exchange - shared whiteboards - discussion forums - email
Unstructured collaboration
Elogistics
Knowledge management systems (KMS)
Payment is too high or low
6. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Content management system
Default
Tacit knowledge
Database-based workflow system
7. The steps to completing the ___________ process: Agreement - invoice - payment.
Enterprise Resource System (ERP) Software
Unstructured/information
Solid implementation plan
Monthly rent payment
8. A meta-language for describing markup languages
Audit scope and timeframe
Online analytical processing (OLAP
Workflow management system
XML (eXtensible Markup Language)
9. 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
CMS marketplace
Core Applications
SAP R/3
Key Business Exposures
10. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Valuation Grouping code
Segregation of duties
Hypertext
Material master records
11. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Workflow
Document types
Material master records
Taxonomy Creation
12. he financial periods that are posted for reporting purposes - internal and external.
Key Business Exposures
Instance documents
Quality Contract
Posting periods
13. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Structured collaboration
Default
Hypertext
ERP PEOPLE
14. 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
Company code level
Organizational standardization
Peoplesoft
Data warehouse
15. 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
Material master records
Elogistics
Document numbers
16. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
XBRL (eXtensible Business Reporting System)
Knowledge management
Core ERP components
Solid implementation plan
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
Phased-In Method of ERP Implementation
Business Analysis Applications
Monthly rent payment
Custom made
18. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
SAP R/3
Core ERP components
Quotation
Monthly rent expense
19. Tells whether a transaction is a debit or credit and what G/L account is associated.
Hypertext
XML (eXtensible Markup Language)
CMS marketplace
Posting keys
20. Tell us who is responsible for the document and when it was created.
ERP PROCESS
Company code level
Online transaction processing (OLTP)
Document principles
21. An outline agreement
Structured collaboration
Contracts
ERP PROCESS
Instantaneously
22. Price Variance. Maximum cash discount variance.
Elogistics
Purchasing tolerances
Contracts
Material master
23. Supports the work of teams by facilitating the sharing and flow of information
Balanced scorecard
Collaboration system
Knowledge management
Big Bang Method of ERP implementation
24. All the steps or business rules - from beginning to end - required for a business process
Instance documents
Workflow
Default
Material master records
25. 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
Invoice receipt tolerances
CMS marketplace
Elogistics
Key Business Exposures
26. 2 categories of collaboration systems: __________ - structured/process
Unstructured/information
Quotation
Procurement process
Monthly rent payment
27. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Online transaction processing (OLTP)
Elogistics
Peoplesoft
3 way match
28. The primary reason for data warehousing is to _______________
Material master
Default
Proper business analysis
Optimize business performance
29. Includes what management systems: document MS - digital asset MS - web content MS
Peoplesoft
Instance documents
CMS marketplace
Posting keys
30. An organization's key strength - the business function that it does better than any of its competitors
Unstructured collaboration
Knowledge management systems (KMS)
Core competency
Collaboration system
31. Track logistics movement of goods.
Data warehouse
Purchasing tolerances
Document numbers
Automatic account assignments
32. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Core Applications
Contracts
Tolerance group
Custom made
33. 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
Instantaneously
Procurement process
Optimize business performance
Core Applications
34. You have created a vendor master. This vendor be shared at ________
Knowledge management
RFQ
Company code level
Online analytical processing (OLAP
35. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Monthly rent expense
Taxonomy Creation
XBRL (eXtensible Business Reporting System)
SAP (Systems - Applications - and Products)
36. Enables organizations to clarify their vision and strategy and translate them into action
Posting keys
Segregation of duties
Balanced scorecard
Elogistics
37. A _____ is needed to monitor the quality - objectives - and timelines
Business Analysis Applications
Solid implementation plan
Online analytical processing (OLAP
Elogistics
38. Manages the transportation and storage of goods
Material master records
Elogistics
Database-based workflow system
Hypertext
39. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
Dozen
Internal business process
Plant level
Payment terms
40. 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
Workflow management system
Valuation Grouping code
Optimize business performance
41. Participation in business processes - such as workflow
Workflow
Document principles
Structured collaboration
Purchasing tolerances
42. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
ERP PEOPLE
Proper business analysis
Unstructured collaboration
Tolerance group
43. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Online analytical processing (OLAP
Unstructured/information
Social networking analysis
Enterprise Resource System (ERP) Software
44. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Data warehouse
Workflow management system
Core Applications
Quotation
45. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Automatic account assignments
Information partnership
Custom made
Knowledge management systems (KMS)
46. 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
SAP R/3
3 way match
Online analytical processing (OLAP
47. 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.
Valuation Grouping code
CMS marketplace
Optimize business performance
Payment terms
48. Includes support for multicountry - multicurrency environments and wide scalability
SAP R/3
Online transaction processing (OLTP)
Company code level
Core ERP components
49. Supports team interactions
Oracle
Groupware
Posting keys
Online analytical processing (OLAP
50. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Payment terms
Custom made
Hypertext
CRM