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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 types of contracts: Quantity Contract - ___________
Quality Contract
RFQ
3 way match
Content management system
2. Three things make a _________: Document number. Fiscal Year. Company Code.
Social networking analysis
Information partnership
Document unique
Document principles
3. 2 categories of collaboration systems: __________ - structured/process
Posting keys
Phased-In Method of ERP Implementation
Unstructured/information
Organizational standardization
4. Links to other documents on the Web and enables the reader to jump to another document located anywhere on the World Wide Web
ERP PEOPLE
Hypertext
Material master records
Document principles
5. Sends work assignments through an e-mail system
Messaging-based workflow system
Payment terms
Unstructured collaboration
Monthly rent expense
6. The primary reason for data warehousing is to _______________
Key Business Exposures
Posting keys
Monthly rent expense
Optimize business performance
7. An outline agreement
Content management system
Contracts
Document types
Collaboration system
8. Facilitates the automation and management of business processes and controls the movement of work through the business process
Document types
Workflow management system
CMS marketplace
Monthly rent expense
9. Account and finance - production and materials management - human resource
Invoice receipt tolerances
Procurement process
Automatic account assignments
Core ERP components
10. 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
XML (eXtensible Markup Language)
Database-based workflow system
Custom made
Company code level
11. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Key Business Exposures
Posting periods
Valuation Grouping code
Shadowing
12. 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
Optimize business performance
Online analytical processing (OLAP
XBRL (eXtensible Business Reporting System)
Invoice receipt tolerances
13. he financial periods that are posted for reporting purposes - internal and external.
Posting periods
Internal control issues
Purchasing tolerances
SAP (Systems - Applications - and Products)
14. Request for quotation
Plant level
CRM
RFQ
ERP PEOPLE
15. Anything that can be documented - archived - and codified - often with the help of IT
Segregation of duties
Explicit knowledge
Document principles
Tolerance group
16. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Invoice receipt tolerances
Extended ERP components
SAP R/3
Instance documents
17. 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
Messaging-based workflow system
Taxonomy Creation
Business Analysis Applications
18. The steps to completing the ___________: Vendor/Expense account exists - process invoice receipt - and then pay.
Unstructured/information
Knowledge management
CRM
Procurement process
19. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Tolerance group
Information partnership
ERP PEOPLE
Custom made
20. A process of mapping a group's contacts to identify who knows whom and who works with whom
Social networking analysis
Structured collaboration
Tolerance group
Content management system
21. You have created a vendor master. This vendor be shared at ________
Default
Company code level
General ledger accounts
Information partnership
22. 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
Messaging-based workflow system
Valuation Grouping code
Internal business process
23. 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.
Contracts
Tacit knowledge
Payment terms
ERP PEOPLE
24. 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
Database-based workflow system
CMS marketplace
Collaboration system
25. 3 characteristics of overall fit: off the rack - off the rack and tailored to fit - ______
Taxonomy Creation
Peoplesoft
Valuation Grouping code
Custom made
26. An organization's key strength - the business function that it does better than any of its competitors
Instantaneously
Core competency
Online analytical processing (OLAP
Unstructured collaboration
27. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
XML (eXtensible Markup Language)
3 way match
ERP PEOPLE
Internal business process
28. 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)
Phased-In Method of ERP Implementation
ERP PROCESS
SAP (Systems - Applications - and Products)
29. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Enterprise Resource System (ERP) Software
Workflow management system
Data warehouse
Process insurance expense
30. Supports team interactions
Groupware
Data warehouse
General ledger accounts
Unstructured collaboration
31. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Vendor master records
Balanced scorecard
XML (eXtensible Markup Language)
Social networking analysis
32. Includes support for multicountry - multicurrency environments and wide scalability
SAP R/3
Quotation
Segregation of duties
Dozen
33. Track logistics movement of goods.
Contracts
Online transaction processing (OLTP)
Automatic account assignments
Proper business analysis
34. The second largest ERP vendor
Procurement process
Database-based workflow system
Oracle
Internal control issues
35. An XML base language for standardizing methods for preparing - publishing - and exchanging financial information
Database-based workflow system
XBRL (eXtensible Business Reporting System)
RFQ
Segregation of duties
36. Tells whether a transaction is a debit or credit and what G/L account is associated.
Payment terms
General ledger accounts
3 way match
Posting keys
37. The global leader with 30 to 60% of the ERP market
SAP (Systems - Applications - and Products)
XBRL (eXtensible Business Reporting System)
Posting keys
Tacit knowledge
38. 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
Tolerance group
Purchasing tolerances
Key Business Exposures
Workflow management system
39. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
Hypertext
Core ERP components
3 way match
Content management system
40. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
13
Data warehouse
Custom made
Shadowing
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
Oracle
Online analytical processing (OLAP
Segregation of duties
Purchasing tolerances
42. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Monthly rent expense
Default
Hypertext
ERP PEOPLE
43. 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
Dozen
Core ERP components
XBRL (eXtensible Business Reporting System)
Quotation
44. Includes what management systems: document MS - digital asset MS - web content MS
ERP PEOPLE
Structured collaboration
Procurement process
CMS marketplace
45. You have created a material master. This material be shared at _________
Collaboration system
Document types
Unstructured collaboration
Plant level
46. 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
Segregation of duties
Flexible configuration
Online transaction processing (OLTP)
Document principles
47. Enables organizations to clarify their vision and strategy and translate them into action
Dozen
Balanced scorecard
Phased-In Method of ERP Implementation
Collaboration system
48. ____________________ categoriesKnowledge repositories (databases) - expertise tools - e-learning applications - discussion and chat technologies - search and data mining tools
Knowledge management systems (KMS)
Online transaction processing (OLTP)
Quality Contract
Posting keys
49. The purpose of __________: Audit Trail. Determines the type of document it is.
Internal business process
Procurement process
Document numbers
Material master records
50. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Unstructured/information
Balanced scorecard
Tacit knowledge
Company code level