SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
Search
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. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Material master records
XBRL (eXtensible Business Reporting System)
Monthly rent expense
Online transaction processing (OLTP)
2. To share ____________: One person creates the material number - Everyone the recreates the material using the same number and add their plant information to it.
Document types
Custom made
Material master records
Automatic account assignments
3. You have created a material master. This material be shared at _________
Internal business process
Workflow management system
Elogistics
Plant level
4. Three things make a _________: Document number. Fiscal Year. Company Code.
Key Business Exposures
Organizational standardization
Business Analysis Applications
Document unique
5. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Payment is too high or low
Monthly rent expense
ERP TECHNOLOGY
Data warehouse
6. Participation in business processes - such as workflow
Information partnership
Process insurance expense
Structured collaboration
Organizational standardization
7. An organization's key strength - the business function that it does better than any of its competitors
Payment is too high or low
Document unique
ERP PEOPLE
Core competency
8. 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.
Document principles
Hypertext
Explicit knowledge
Payment terms
9. usiness intelligence - CRM - SCM - e-business
Extended ERP components
Oracle
Data warehouse
XML (eXtensible Markup Language)
10. Enables organizations to clarify their vision and strategy and translate them into action
Solid implementation plan
Vendor master records
Monthly rent expense
Balanced scorecard
11. Tells whether a transaction is a debit or credit and what G/L account is associated.
SAP R/3
Posting keys
Extended ERP components
ERP PROCESS
12. Document exchange - shared whiteboards - discussion forums - email
Key Business Exposures
Unstructured collaboration
Workflow management system
Purchasing tolerances
13. 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
Shadowing
Valuation Grouping code
Business Analysis Applications
Monthly rent payment
14. 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
Knowledge management systems (KMS)
ERP TECHNOLOGY
Collaboration system
Online analytical processing (OLAP
15. 4 perspectives a balanced scorecard views an organization from: learning and growth - ____________ - customer - financial
13
Internal business process
Business Analysis Applications
Taxonomy Creation
16. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Internal control issues
Procurement process
Valuation Grouping code
Instance documents
17. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Document unique
Core competency
Tacit knowledge
Content management system
18. 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
Optimize business performance
Tolerance group
Quality Contract
Key Business Exposures
19. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
Workflow
3 way match
Business Analysis Applications
Messaging-based workflow system
20. The types of contracts: Quantity Contract - ___________
Quality Contract
Posting periods
Procurement process
Audit scope and timeframe
21. 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
Procurement process
Peoplesoft
SAP (Systems - Applications - and Products)
22. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
ERP PEOPLE
Core Applications
Key Business Exposures
Valuation Grouping code
23. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Default
Collaboration system
ERP PROCESS
Payment terms
24. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Vendor master records
Online transaction processing (OLTP)
Quotation
Unstructured/information
25. 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
RFQ
Segregation of duties
Posting keys
Groupware
26. Validation of ________ - ensure that appropriate taxonomy and tags have been applied
Database-based workflow system
Messaging-based workflow system
Instance documents
Audit scope and timeframe
27. Manages the transportation and storage of goods
Workflow
Social networking analysis
Solid implementation plan
Elogistics
28. A system that integrates all departments and functions across an organization into a single computer system; helps facilitate communications among departments
Enterprise Resource System (ERP) Software
Taxonomy Creation
XBRL (eXtensible Business Reporting System)
Document types
29. Provides tools to manage the creation - storage - editing - and publication of information in a collaborative environment
ERP PROCESS
Content management system
Messaging-based workflow system
Posting keys
30. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Workflow
Shadowing
Vendor master records
Quality Contract
31. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
Key Business Exposures
Posting periods
Procurement process
Material master
32. A process of mapping a group's contacts to identify who knows whom and who works with whom
Information partnership
Social networking analysis
Quotation
Business Analysis Applications
33. Capturing - classifying - evaluating - retrieving - and sharing information assets that provides context for effective decisions and actions
13
Valuation Grouping code
Default
Knowledge management
34. All the steps or business rules - from beginning to end - required for a business process
XBRL (eXtensible Business Reporting System)
Workflow
Organizational standardization
Knowledge management
35. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Quality Contract
Big Bang Method of ERP implementation
Process insurance expense
Solid implementation plan
36. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
Explicit knowledge
Information partnership
CRM
Social networking analysis
37. Facilitates the automation and management of business processes and controls the movement of work through the business process
Workflow management system
Solid implementation plan
Database-based workflow system
13
38. 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
Information partnership
Invoice receipt tolerances
13
CMS marketplace
39. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Document unique
Workflow
Business Analysis Applications
Data warehouse
40. A _____ is needed to monitor the quality - objectives - and timelines
Company code level
Key Business Exposures
Dozen
Solid implementation plan
41. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Key Business Exposures
Proper business analysis
Tacit knowledge
Hypertext
42. Includes what management systems: document MS - digital asset MS - web content MS
Posting keys
CMS marketplace
CRM
Information partnership
43. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
CRM
Dozen
Custom made
Valuation Grouping code
44. 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
Payment is too high or low
Organizational standardization
Information partnership
45. 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
SAP R/3
Internal control issues
Plant level
Vendor master records
46. Request for quotation
Audit scope and timeframe
RFQ
Material master
SAP (Systems - Applications - and Products)
47. Tell us who is responsible for the document and when it was created.
Extended ERP components
Content management system
Document numbers
Document principles
48. ncorrect taxonomy results in invalid mapping that may cause material misrepresentation of financial data
Taxonomy Creation
Peoplesoft
13
Business Analysis Applications
49. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Tolerance group
Quotation
Monthly rent expense
Plant level
50. In ________ - D - R - K - and Z mean: D - Customer R - Invoice K - Vendor Z - Payment
Proper business analysis
Document types
Posting keys
Instantaneously