TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS
RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
GFEBS Essentials 2024 Practice
Questions and Answers
Which of the following is an example of a legacy environment deficiency? - Correct
Answer✔️✔️-All of the above
GFEBS supports all the following DoD Business Architecture except: - Correct
Answer✔️✔️-Installations and Environment
GFEBS replaced approximately _______ of the legacy financial, overlapping and
redundant systems. - Correct Answer✔️✔️-80%
GFEBS is a product of a _______ mandate to provide the Army and DoD with relevant,
reliable and timely financial information. - Correct Answer✔️✔️-Congressional
What does the term ERP stand for? - Correct Answer✔️✔️-Enterprise Resource Planning
An advantage of the GFEBS ERP is that the system is web- based - Correct
Answer✔️✔️-True
An ERP system reduces errors through the use of a shared database between business
process areas. - Correct Answer✔️✔️-True
1/5
, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS
RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
A benefit of PP&E is that it standardizes maintenance processes, which allows the DPW
community to identify best practices and apply them consistently. - Correct Answer✔️✔️-
True
With the implementation of GFEBS for Real Property, functionality was subsumed into a
single financial solution. - Correct Answer✔️✔️-True
A benefit of GFEBS is that the different process areas are independent to maintain data
integrity. - Correct Answer✔️✔️-False
Which of the following are business process areas within GFEBS? - Correct
Answer✔️✔️-All of the above
In GFEBS, the Reimbursables business process area encompasses the tracking of real
property. - Correct Answer✔️✔️-False
Which of the following business process areas performs funds analysis and budgetary
accounting? - Correct Answer✔️✔️-Funds Management
In GFEBS, the business process areas are linear and do not integrate with one another.
- Correct Answer✔️✔️-False
Once data is entered into the GFEBS system, it is stored in a common database in real-
time - Correct 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? - Correct Answer✔️✔️-Role
2/5
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS
RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
GFEBS Essentials 2024 Practice
Questions and Answers
Which of the following is an example of a legacy environment deficiency? - Correct
Answer✔️✔️-All of the above
GFEBS supports all the following DoD Business Architecture except: - Correct
Answer✔️✔️-Installations and Environment
GFEBS replaced approximately _______ of the legacy financial, overlapping and
redundant systems. - Correct Answer✔️✔️-80%
GFEBS is a product of a _______ mandate to provide the Army and DoD with relevant,
reliable and timely financial information. - Correct Answer✔️✔️-Congressional
What does the term ERP stand for? - Correct Answer✔️✔️-Enterprise Resource Planning
An advantage of the GFEBS ERP is that the system is web- based - Correct
Answer✔️✔️-True
An ERP system reduces errors through the use of a shared database between business
process areas. - Correct Answer✔️✔️-True
1/5
, TITLE: EMILLYCHARLOTTE 2024/2025 ACADEMIC PERIOD
OWNER: EMILLYCHARLOTTE
COPYRIGHT STATEMENT: ©2024 EMILLYCHARLOTTE. ALL RIGHTS
RESERVED
FIRST PUBLISHED: SEPTEMBER 2024
A benefit of PP&E is that it standardizes maintenance processes, which allows the DPW
community to identify best practices and apply them consistently. - Correct Answer✔️✔️-
True
With the implementation of GFEBS for Real Property, functionality was subsumed into a
single financial solution. - Correct Answer✔️✔️-True
A benefit of GFEBS is that the different process areas are independent to maintain data
integrity. - Correct Answer✔️✔️-False
Which of the following are business process areas within GFEBS? - Correct
Answer✔️✔️-All of the above
In GFEBS, the Reimbursables business process area encompasses the tracking of real
property. - Correct Answer✔️✔️-False
Which of the following business process areas performs funds analysis and budgetary
accounting? - Correct Answer✔️✔️-Funds Management
In GFEBS, the business process areas are linear and do not integrate with one another.
- Correct Answer✔️✔️-False
Once data is entered into the GFEBS system, it is stored in a common database in real-
time - Correct 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? - Correct Answer✔️✔️-Role
2/5
