ERP ORIGINAL Practice Exam #1 with
answers
What is matched in the "three way matching"?
a. Cost, scope, time
b. Sales order, shop order, purchase order
c. Accounts payable, invoice, payment
d. Purchase order, goods receipt, invoice - correct answer ✔✔ Correct: d. Purchase order, goods
receipt, invoice
Why: Three-way matching is a key internal control in procurement. It ensures what was ordered
(PO), what was received (GRN), and what was invoiced (Invoice) all match before payment.
What is not an obstacle to Knowledge Sharing?
a. Silo-effect
b. High power distance (distance between employees and their boss)
c. People holding on to a different culture
d. Outdated technology - correct answer ✔✔ Correct: d. Outdated technology
Why: While it can hinder efficiency, it doesn't inherently block knowledge sharing like silos or
cultural gaps.
What is the basic economic resource according to Peter Drucker?
a. Information technology
b. Human resources
c. Knowledge management
, d. Project management - correct answer ✔✔ Correct: c. Knowledge management
Why: Drucker emphasized that knowledge is the key resource in the modern economy.
What describes the silo-effect?
a. When people have more regard for the functional objectives than the process
objectives
b. When people don't use their personality test results in teams
c. When people work in teams
d. When people don't talk - correct answer ✔✔ Correct: a. Regard for functional objectives over
process objectives
Why: Functional silos lead to fragmentation and poor collaboration.
What is the benefit of personality tests, such as Strength Finder, Meyers Briggs, 4 Tendencies,
Learning Style Indicator, etc.?
a. Determining a good fit for a position and within the team
b. Determining the best compensation for the candidate
c. To eliminate the three myths and apply the three strengths
d. Determine which company to apply and which company not to apply - correct answer ✔✔
Correct: a. Determining a good fit for a position and within the team
Why: Helps align personality strengths with job/team needs.
Is Knowledge Management anything new?
a. It started with computers
b. It started with the Internet Era
answers
What is matched in the "three way matching"?
a. Cost, scope, time
b. Sales order, shop order, purchase order
c. Accounts payable, invoice, payment
d. Purchase order, goods receipt, invoice - correct answer ✔✔ Correct: d. Purchase order, goods
receipt, invoice
Why: Three-way matching is a key internal control in procurement. It ensures what was ordered
(PO), what was received (GRN), and what was invoiced (Invoice) all match before payment.
What is not an obstacle to Knowledge Sharing?
a. Silo-effect
b. High power distance (distance between employees and their boss)
c. People holding on to a different culture
d. Outdated technology - correct answer ✔✔ Correct: d. Outdated technology
Why: While it can hinder efficiency, it doesn't inherently block knowledge sharing like silos or
cultural gaps.
What is the basic economic resource according to Peter Drucker?
a. Information technology
b. Human resources
c. Knowledge management
, d. Project management - correct answer ✔✔ Correct: c. Knowledge management
Why: Drucker emphasized that knowledge is the key resource in the modern economy.
What describes the silo-effect?
a. When people have more regard for the functional objectives than the process
objectives
b. When people don't use their personality test results in teams
c. When people work in teams
d. When people don't talk - correct answer ✔✔ Correct: a. Regard for functional objectives over
process objectives
Why: Functional silos lead to fragmentation and poor collaboration.
What is the benefit of personality tests, such as Strength Finder, Meyers Briggs, 4 Tendencies,
Learning Style Indicator, etc.?
a. Determining a good fit for a position and within the team
b. Determining the best compensation for the candidate
c. To eliminate the three myths and apply the three strengths
d. Determine which company to apply and which company not to apply - correct answer ✔✔
Correct: a. Determining a good fit for a position and within the team
Why: Helps align personality strengths with job/team needs.
Is Knowledge Management anything new?
a. It started with computers
b. It started with the Internet Era
