GFEBS ESSENTIALS TEST ACTUAL QUESTIONS
AND 100% CORRECT ANSWERS
Which of the following is an example of a legacy environment deficiency?
Many costly, redundant systems: Managing and maintaining numerous
overlapping financial systems was expensive and inefficient.
Inconsistent data: Legacy systems often lacked standardized data formats, making
it difficult to reconcile financial information across different platforms.
Lack of real-time visibility: Older systems often relied on batch processing,
preventing leaders from having immediate access to accurate financial data.
Poor auditability: The fragmented nature of these systems made it challenging to
produce clean, auditable financial statements
All of the above
GFEBS supports all the following DoD Business Architecture except:
Installations and Environment
GFEBS replaced approximately _______ of the legacy financial, overlapping and
redundant systems.
80%
GFEBS is a product of a _______ mandate to provide the Army and DoD with
relevant, reliable and timely financial information.
, Congressional
What does the term ERP stand for?
Enterprise Resource Planning
An advantage of the GFEBS ERP is that the system is web- based
True
An ERP system reduces errors through the use of a shared database between
business process areas.
True
A benefit of PP&E is that it standardizes maintenance processes, which allows
the DPW community to identify best practices and apply them consistently.
True
With the implementation of GFEBS for Real Property, functionality was
subsumed into a single financial solution.
True
A benefit of GFEBS is that the different process areas are independent to
maintain data integrity.
False
AND 100% CORRECT ANSWERS
Which of the following is an example of a legacy environment deficiency?
Many costly, redundant systems: Managing and maintaining numerous
overlapping financial systems was expensive and inefficient.
Inconsistent data: Legacy systems often lacked standardized data formats, making
it difficult to reconcile financial information across different platforms.
Lack of real-time visibility: Older systems often relied on batch processing,
preventing leaders from having immediate access to accurate financial data.
Poor auditability: The fragmented nature of these systems made it challenging to
produce clean, auditable financial statements
All of the above
GFEBS supports all the following DoD Business Architecture except:
Installations and Environment
GFEBS replaced approximately _______ of the legacy financial, overlapping and
redundant systems.
80%
GFEBS is a product of a _______ mandate to provide the Army and DoD with
relevant, reliable and timely financial information.
, Congressional
What does the term ERP stand for?
Enterprise Resource Planning
An advantage of the GFEBS ERP is that the system is web- based
True
An ERP system reduces errors through the use of a shared database between
business process areas.
True
A benefit of PP&E is that it standardizes maintenance processes, which allows
the DPW community to identify best practices and apply them consistently.
True
With the implementation of GFEBS for Real Property, functionality was
subsumed into a single financial solution.
True
A benefit of GFEBS is that the different process areas are independent to
maintain data integrity.
False
