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Test your basic knowledge |
ERP: Enterprise Resource Planning
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Subject
:
it-skills
Instructions:
Answer 50 questions in 15 minutes.
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.
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. What components are needed to ____________: A vendor - an insurance expense account - amount of payment.
Process insurance expense
Flexible configuration
Document unique
Audit scope and timeframe
2. Supports team interactions
Groupware
Internal control issues
Social networking analysis
Contracts
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
ERP PEOPLE
Business Analysis Applications
ERP PROCESS
Solid implementation plan
4. Includes support for multicountry - multicurrency environments and wide scalability
Key Business Exposures
Groupware
Structured collaboration
SAP R/3
5. 2 or more organizations cooperate by integrating their IT systems - providing customers with the best of what each can offer
XBRL (eXtensible Business Reporting System)
Segregation of duties
Information partnership
Structured collaboration
6. 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
Data warehouse
Internal control issues
Tacit knowledge
CMS marketplace
7. Events consisting of large numbers of relatively simple transactions such as updating accounting records that are stored in several related tables
Quotation
Online transaction processing (OLTP)
Explicit knowledge
Document principles
8. Approach for implementing ERP systems in a phased manner; a popular alternative to the Big Bang method
Phased-In Method of ERP Implementation
Default
Custom made
SAP (Systems - Applications - and Products)
9. Components needed to process a ____________: Vendor - Rent Expense Account - Amount - Invoice - and agreement.
Tacit knowledge
Social networking analysis
Core Applications
Monthly rent expense
10. You have created a __________. This materialwould be shared at each (smallest unit possible to be considered for a material)
XML (eXtensible Markup Language)
Flexible configuration
Material master
Content management system
11. Supports the work of teams by facilitating the sharing and flow of information
Collaboration system
CRM
Elogistics
Document types
12. The components to setup automatic account assignments: Chart of Accounts - Transaction key - _____________ - Modifier of Transaction Key - Valuation Class
Solid implementation plan
Groupware
Internal control issues
Valuation Grouping code
13. 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
Enterprise Resource System (ERP) Software
Unstructured collaboration
Core Applications
Online transaction processing (OLTP)
14. usiness intelligence - CRM - SCM - e-business
RFQ
Proper business analysis
Extended ERP components
Content management system
15. Account and finance - production and materials management - human resource
Quality Contract
Document types
Proper business analysis
Core ERP components
16. The steps to completing the ___________ process: Agreement - invoice - payment.
Monthly rent payment
Balanced scorecard
Automatic account assignments
Company code level
17. A process of mapping a group's contacts to identify who knows whom and who works with whom
Document unique
Social networking analysis
3 way match
Material master
18. The two main ERP applications: Core Applications and ___________
SAP R/3
Business Analysis Applications
Data warehouse
Big Bang Method of ERP implementation
19. A document that tells us prices - materials - a specified time for a price - a formal agreement. (an informal agreement is an inquiry)
Hypertext
Database-based workflow system
Document unique
Quotation
20. A _____ is needed to monitor the quality - objectives - and timelines
Core competency
Solid implementation plan
General ledger accounts
Tolerance group
21. The Key _____________ issues: There are many high costs - maintenance requirements (upgrades and compatability) - extensive reorganization of the company
Elogistics
Business Analysis Applications
ERP PROCESS
Document unique
22. 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
Posting keys
Balanced scorecard
Dozen
Information partnership
23. Includes what management systems: document MS - digital asset MS - web content MS
Procurement process
Taxonomy Creation
CMS marketplace
Online transaction processing (OLTP)
24. Sends work assignments through an e-mail system
Social networking analysis
Online analytical processing (OLAP
Messaging-based workflow system
3 way match
25. Where the purchasing tolerances - goods receipt tolerances - and invoice receipt tolerances all are passed.
3 way match
Core competency
Business Analysis Applications
Phased-In Method of ERP Implementation
26. Participation in business processes - such as workflow
Core Applications
Purchasing tolerances
Structured collaboration
Core ERP components
27. How can tolerance groups be categorized: They can be either _________ or special. Users must be assigned to special.
Company code level
Extended ERP components
Plant level
Default
28. The global leader with 30 to 60% of the ERP market
Tolerance group
SAP (Systems - Applications - and Products)
Extended ERP components
Instance documents
29. 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
CMS marketplace
Knowledge management systems (KMS)
Online analytical processing (OLAP
SAP (Systems - Applications - and Products)
30. Companies who purchase modules from ERP - SCM and ___ vendors must integrate the different modules together
Key Business Exposures
CRM
Monthly rent expense
Tolerance group
31. Impact on auditor responsibility as a consequence of real-time distribution of financial statements
Process insurance expense
Online analytical processing (OLAP
Audit scope and timeframe
Information partnership
32. 3 attributes of successful ERP components: overall fit - ___________ - solid implementation plans
Payment is too high or low
Material master records
RFQ
Proper business analysis
33. Anything that can be documented - archived - and codified - often with the help of IT
Custom made
Explicit knowledge
Elogistics
Tacit knowledge
34. he financial periods that are posted for reporting purposes - internal and external.
Business Analysis Applications
Posting periods
Valuation Grouping code
Material master records
35. To share ________: One person creates the vendor number. - Everyone then recreates the vendor with the same number and their company code.
Material master records
XBRL (eXtensible Business Reporting System)
Vendor master records
Valuation Grouping code
36. You have created a vendor master. This vendor be shared at ________
Company code level
Hypertext
Material master records
Payment is too high or low
37. A meta-language for describing markup languages
ERP TECHNOLOGY
Payment terms
Knowledge management
XML (eXtensible Markup Language)
38. The key ________ issues: Employee resistance - retraining and reorientation - more data collection screens required - lack of qualified personnel - security - and employee retention
Audit scope and timeframe
Invoice receipt tolerances
Dozen
ERP PEOPLE
39. Price Variance. Maximum cash discount variance.
XML (eXtensible Markup Language)
Quality Contract
Core Applications
Purchasing tolerances
40. Best practices for transferring or recreating tacit knowledge: ___________ and joint problem solving
Shadowing
Workflow management system
XML (eXtensible Markup Language)
Tolerance group
41. 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.
Data warehouse
Online transaction processing (OLTP)
Material master
Payment terms
42. The key _______ issued: 1) difficulty of migration from legacy systems to ERP database - 2) lack of interoperability among different vendors - 3)and continual maintenance requirements
XML (eXtensible Markup Language)
SAP (Systems - Applications - and Products)
ERP TECHNOLOGY
ERP PROCESS
43. You have created a material master. This material be shared at _________
Plant level
Optimize business performance
Tolerance group
Taxonomy Creation
44. The purpose of the ________ for account postings: A tolerance group sets limits for end users (such as dollar limits on transactions)
Structured collaboration
Big Bang Method of ERP implementation
Audit scope and timeframe
Tolerance group
45. Categories of intellectual and knowledge-based categories: explicit knowledge and _____________
Tacit knowledge
Valuation Grouping code
Internal control issues
XML (eXtensible Markup Language)
46. Database constructed for quick searching - retrieval - ad hoc queries - and ease of use
Structured collaboration
Data warehouse
General ledger accounts
XML (eXtensible Markup Language)
47. 2 categories of collaboration systems: __________ - structured/process
Unstructured/information
Material master
SAP (Systems - Applications - and Products)
Document types
48. 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
Organizational standardization
Elogistics
Instance documents
XML (eXtensible Markup Language)
49. An organization's key strength - the business function that it does better than any of its competitors
Company code level
Monthly rent payment
Custom made
Core competency
50. Document exchange - shared whiteboards - discussion forums - email
Unstructured collaboration
Plant level
Key Business Exposures
Proper business analysis
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