GFEBS Essentials 2024 Exam Questions and Answers 100% Pass

GFEBS Essentials 2024 Exam Questions and Answers 100% Pass Which of the following is an example of a legacy environment deficiency? - Answer- All of the above GFEBS supports all the following DoD Business Architecture except: - Answer- Installations and Environment GFEBS replaced approximately _______ of the legacy financial, overlapping and redundant systems. - Answer- 80% GFEBS is a product of a _______ mandate to provide the Army and DoD with relevant, reliable and timely financial information. - Answer- Congressional What does the term ERP stand for? - Answer- Enterprise Resource Planning An advantage of the GFEBS ERP is that the system is web- based - Answer- True An ERP system reduces errors through the use of a shared database between business process areas. - Answer- 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. - Answer- True With the implementation of GFEBS for Real Property, functionality was subsumed into a single financial solution. - Answer- True A benefit of GFEBS is that the different process areas are independent to maintain data integrity. - Answer- False Which of the following are business process areas within GFEBS? - Answer- All of the above In GFEBS, the Reimbursables business process area encompasses the tracking of real property. - Answer- False Which of the following business process areas performs funds analysis and budgetary accounting? - Answer- Funds Management In GFEBS, the business process areas are linear and do not integrate with one another. - Answer- False Once data is entered into the GFEBS system, it is stored in a common database in real- time - Answer- True Which of the following is defined as a major grouping of activities that reflect a specific aspect of an end user's job? - Answer- Role A person cannot be assigned more than one role, and a role cannot be assigned to more than one person. - Answer- False What information is centrally stored and maintained that is shared across business process areas? - Answer- Master Data