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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. Includes support for multicountry - multicurrency environments and wide scalability
Groupware
Balanced scorecard
SAP R/3
Valuation Grouping code
2. 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.
Key Business Exposures
CMS marketplace
Groupware
Payment terms
3. 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
Workflow management system
13
Business Analysis Applications
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
Big Bang Method of ERP implementation
Core Applications
XML (eXtensible Markup Language)
XBRL (eXtensible Business Reporting System)
5. Document exchange - shared whiteboards - discussion forums - email
Unstructured collaboration
XBRL (eXtensible Business Reporting System)
Dozen
Posting periods
6. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Process insurance expense
Unstructured collaboration
Tacit knowledge
Flexible configuration
7. Posting periods in FF
Extended ERP components
13
Contracts
Collaboration system
8. Supports the work of teams by facilitating the sharing and flow of information
Knowledge management systems (KMS)
CMS marketplace
Workflow
Collaboration system
9. Participation in business processes - such as workflow
3 way match
Structured collaboration
Optimize business performance
Taxonomy Creation
10. An organization's key strength - the business function that it does better than any of its competitors
Core competency
Explicit knowledge
Tolerance group
Payment is too high or low
11. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
Document principles
Hypertext
Segregation of duties
Organizational standardization
12. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Information partnership
Custom made
Monthly rent payment
Automatic account assignments
13. Tell us who is responsible for the document and when it was created.
Big Bang Method of ERP implementation
Document principles
Instantaneously
Contracts
14. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Tolerance group
Knowledge management systems (KMS)
SAP (Systems - Applications - and Products)
Contracts
15. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
ERP PROCESS
Big Bang Method of ERP implementation
Extended ERP components
13
16. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Phased-In Method of ERP Implementation
Tacit knowledge
Payment terms
RFQ
17. Sends work assignments through an e-mail system
Online transaction processing (OLTP)
Monthly rent expense
Messaging-based workflow system
Contracts
18. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Procurement process
Monthly rent payment
Document unique
Key Business Exposures
19. 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
Enterprise Resource System (ERP) Software
Key Business Exposures
General ledger accounts
Instantaneously
20. Anything that can be documented - archived - and codified - often with the help of IT
Quotation
Peoplesoft
Hypertext
Explicit knowledge
21. A meta-language for describing markup languages
Process insurance expense
XML (eXtensible Markup Language)
Structured collaboration
Online transaction processing (OLTP)
22. You have created a vendor master. This vendor be shared at ________
Company code level
Structured collaboration
Shadowing
Balanced scorecard
23. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
Taxonomy Creation
ERP PEOPLE
Organizational standardization
Internal business process
24. A process of mapping a group's contacts to identify who knows whom and who works with whom
Social networking analysis
Structured collaboration
Plant level
Organizational standardization
25. A _____ is needed to monitor the quality - objectives - and timelines
Valuation Grouping code
Solid implementation plan
Workflow
XBRL (eXtensible Business Reporting System)
26. 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
Workflow
Database-based workflow system
Invoice receipt tolerances
13
27. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Knowledge management systems (KMS)
Messaging-based workflow system
Quotation
Plant level
28. 2 categories of collaboration systems: __________ - structured/process
Posting periods
Unstructured/information
Payment is too high or low
Balanced scorecard
29. Enables organizations to clarify their vision and strategy and translate them into action
ERP PEOPLE
Automatic account assignments
Balanced scorecard
Workflow
30. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Payment terms
Oracle
Tolerance group
Invoice receipt tolerances
31. 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
Extended ERP components
Messaging-based workflow system
Organizational standardization
Database-based workflow system
32. Supports team interactions
Payment terms
Groupware
Core Applications
Document numbers
33. usiness intelligence - CRM - SCM - e-business
Big Bang Method of ERP implementation
Extended ERP components
Data warehouse
Optimize business performance
34. The primary reason for data warehousing is to _______________
Balanced scorecard
Monthly rent payment
Core Applications
Optimize business performance
35. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
Document principles
Knowledge management
Database-based workflow system
Company code level
36. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Instantaneously
Monthly rent payment
Process insurance expense
Vendor master records
37. The purpose of __________: Audit Trail. Determines the type of document it is.
Internal control issues
Document numbers
Tacit knowledge
Data warehouse
38. Purchased by Oracle - Strength in HR management - Widely used in the federal government
Extended ERP components
Peoplesoft
Contracts
Automatic account assignments
39. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
XML (eXtensible Markup Language)
Proper business analysis
Tacit knowledge
CRM
40. Request for quotation
Knowledge management
RFQ
Unstructured/information
Valuation Grouping code
41. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Dozen
Monthly rent expense
XML (eXtensible Markup Language)
Groupware
42. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Tolerance group
Procurement process
Material master records
Taxonomy Creation
43. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Material master
Business Analysis Applications
Default
ERP TECHNOLOGY
44. Facilitates the automation and management of business processes and controls the movement of work through the business process
Procurement process
Valuation Grouping code
Workflow management system
Optimize business performance
45. 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
Posting periods
Document principles
Material master
Online analytical processing (OLAP
46. 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
Monthly rent expense
Material master
Oracle
Instantaneously
47. 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
Material master records
Organizational standardization
Process insurance expense
ERP TECHNOLOGY
48. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Instance documents
Online transaction processing (OLTP)
ERP PROCESS
Monthly rent expense
49. The steps to completing the ___________ process: Agreement - invoice - payment.
Business Analysis Applications
Monthly rent payment
Plant level
Purchasing tolerances
50. 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
Flexible configuration
Knowledge management systems (KMS)
Structured collaboration
Tolerance group