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Oracle Vocab
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Subjects
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oracle
,
it-skills
Instructions:
Answer 50 questions in 15 minutes.
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Match each statement with the correct term.
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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. A method employed in the constructon and /or maintenance of projects and activities - wherby the County's own personnel are used to perform the services - instead of an outside contractor. This method may also call for the purchase or use of the Coun
Force Account
Capital Improvement Plan (CIP)
Enterprise Funds
Commitment
2. The estimated cost amounts at completion of a project. Cost budget amounts can be summary or detail - and ca be burdened or unburdened.
Cost Budget
Release
Proprietary Funds
Expenditure Type
3. Are established by the Board of Supervisors and include Airports - Wastewater Management and Transit Enterprise Funds - County Sanitation Districts and various Internal Service Funds ( General Services Fleet Maintenance - Facilities Management and Do
Program Budget
Appropriation
Enterprise Fund
Preliminary Budget
4. An object of value owned by a corporation or business. Assets are entered in Oracle Projects as non-labor resources.
General Fund
Direct Cost or Direct Expense
Asset
Fixed Asset
5. An account that contains money set aside for a legaly restricted specifi future use.
Indirect Project
Reserve
Line Budget Item
Estimated Revenue
6. A fund used to account for the financing of good or services provided by one department to other departments of the County - or to other governmental units - on a cost-reimbursement basis.
Bond
General Purpose Revenue
Internal Service Fund (ISF)
Expensed Inventory
7. It is business or individual that provides good and /or services in return for payment. Also known as a Vendor.
Supplier
Current Budget
Cash Basis of Accounting
Account Segment
8. Enterprise Funds - Internal Service Fund
Inventory Items
Proprietary Funds
Internal Service Funds
Fund
9. An Inventory carried on accounting records as an asset whose stock items are valued at their unit cost times their quantity on hand - and the stock value is not expensed to a final user account until the material is issued to that user.
Fund Balance
Asset Inventory
Adopted Budget
Service and Supplies
10. Expiration in the service life of capital assets - other than wasting assets - attributable to wear and tear - deterioration - action of the physical elements - idadequacy - and obsolescence.
Project
Internal Service Fund (ISF)
Adopted Budget/Operational Plan
Depreciation
11. Assets - which are intended to be held or used for an extended periof of time - such as land - buildings - structures - machinery - furniture - and other equipment. Any piece of equipment costing $5 -000 or more must be purchased as a fixed asset.
Fixed Asset
Full Tim Equivalency (FTE)
Preliminary Budget
Adopted Budget/Operational Plan
12. Land - improvements to land - buildings - building improvements - vehicles - machinery - equipment - works of art and historical treasures - infrastructure - and all other tangible or intangible assets that are used in operations and that have initia
Revenue
Depreciate
Internal Service Fund (ISF)
Capital Assets
13. Financial resources recieved from taxes - fees - and other charges - federal or State government - excluding interfund transfers fund balance - or debt issuance proceeds.
Asset Inventory
Revenue
Debt Service Funds
Cost Budget
14. A type of purchasing document used to reference POs to a specific contract. It may include terms and conditions - agreed amounts - and an effective and expiration date.
Adopted Budget/Operational Plan
Genaral Revenue Allocation
Encumbrance Types
Contract or Contract Purchase Agreement (CPA)
15. Items that are stocked in intentory. Inventory is controlled by quantity and value. Remains an asset until it is consumed. The cost of an intentory items is recognized as an expense when it is consumed or sold.
Physical Intentory
Inventory Item
Cash Basis of Accounting
Purchase Requsition
16. A type of Purchase Order that is issued to specify agreed-to prices - delivery periods or other terms for goods or services that will be ordered ( released) for actual delivery later. A BPA is normally issued to cover a long-term agreement period suc
Blanket Purchase Agreement
Preliminary Budget
Raw Cost
Service and Supplies
17. A special fund created to provide centralized budgeting for the accumulation and expenditures of funds for the capital needs of the County.
Capital Outlay Fund (COA)
Service and Supplies
Enterprise Funds
Cost Budget
18. Items stocked in an inventory and controlled by tracking the quantity and value of each item. Typically - each item is considered an 'asset' until it is issued or adjusted ( expensed) out of the inventory. The value of the item is equal to the curren
Change Letter
Inventory Items
Debt Service Funds
Enterprise Funds
19. The spread of an assets cost over the time period it is used.
Depreciate
Supplier
Funds Available
Change Letter
20. Annual pricipal and interest payments that a local government of fund owes on money that is has borrowed.
Pension and other employee benefit Trust Fund
Expenditure Type
Debt Service
Indirect Cost or Indirect Expense
21. The amount of direct and indirect costs that would be reduced or eliminated if a service currently provided by County staff were to be provided by contract. These costs are typically include all direct and variable costs - as well as any portions of
Avoidable Cost
Funds
Change Letter
Chart of Accounts
22. A promise to repay borrowed money on a particular date - often ten or twenty years in the future; most bonds involve a promise to pay a specified dollar amount of interest at predetermined intervals. Bonds are a mechanism used to obtain long-term fin
Debt Service
Indirect Project
Bond
Inventory Items
23. When one department or fund desires services from another department or fund and the department or fund providing the service sgree to a scope of work and an estimated budget and schedule.
Account Segment
Spending Funds
Internal Agreement
Service and Supplies
24. General - Special Revenue Funds - Capital Project Funds - Debt Service Funds
Governmental Funds
Asset Inventory
Invoice
Purchase Order
25. A type of purchase order that can be issued for delivery of goods or services for specific dates and locations. Each standard purchase order line can have multiple shipments and ca distribute the quantity of each shipment across multiple accounts.
General Fund
Standard Purchase Order
Cost Applied
Full Cost
26. Funds that account for resources that government hold in trust for individuals or other governments. Examples include the Community Services Trust Fund for Developer deposit and School District Funds tha are included in the County Investment Pool.
Fiduciary Fund
Internal Service Fund (ISF)
Special Revenu Fund
Inventory Item
27. Costs that are directly attributalbe to work performed -also referred to as Direct Costs.
General Fund
Unanticipated Revenue
Raw Cost
Indirect Cost or Indirect Expense
28. An anticipated expenditure as indicated by approval of requistion. Oracle Purchasing will send commitments to the General Ledger and Projects and Grants and it will be recorded as an encumbrance type.
Preliminary Budget
Accrual Basis of Accounting
Commitment
Asset Inventory
29. A large database containing data summarized from one or more transactional systems - optimized to support the analysis needs of the enterprise.
Data Warehouse
Supplier
Governmental Funds
Capital Improvement Plan (CIP)
30. Accounts for the County's financial resources except those required to be accounted for in another fund.
Special Revenu Fund
Trust Fund
General Fund
Activity- Based Costing (ABC)
31. The of the cost of a fixed asset - other than a wasting asset - charged as an expense during a particular period. The cost of a fixed asses less any salvage value is prorated over the estimated service life of such an asset - and each period is charg
Award
Trust Fund
Depreciation
Fund
32. Accounts for the accumulation for and the payment of general long-term principal and interest.
Debt Service Funds
Full Cost
Expenditure Type
Line-Item Budget
33. A fund used to account for the proceeds of specific revenue sources that are legally restricted to expendiutres for a specified purpose.
Supplier
Special Revenu Fund
General Fund
Funds Available
34. The operational distribution of General Purpose Revenues to various County departments and programs through the Agency/Groups and subject to Board approval.
Genaral Revenue Allocation
Inventory Items
Obligation
Special Revenu Fund
35. A five-year list of planned capital projects - developed by the Department of General Services.
Expenditure
Capital Improvement Plan (CIP)
Fixed Asset
Productive Time
36. The financial plan in terms of the costs of activities to be undertaken to achieve specific goals and objectives - which form a department's operational components.
Program Budget
Capital Projects Funds
Line Type
Fund
37. Those expenses which can be charged directly as a part of the cost of a product or service - or of a department or operating unit ( labor - equipment usage - materials - contractor payments - etc). These labor costs usually include only front-line or
Direct Cost or Direct Expense
Capital Projects Funds
Internal Agreement
Force Account
38. A non-asset inventory that has already been expensed to a final use account and is thus carried and tracked as a on hand balance only - with an accounting value of zero.
Expensed Inventory
Capital Budget
Depreciation
Purchase Requsition
39. Is derived from taxes - licenses - fees - and investment earnings.
Line Budget Item
Internal Agreement
Revenue
Proprietary Funds
40. The percentage of full time the employee should normally work in a specifi job. Is defined by the Standard Hours.
Change Letter
Capital Budget
Full Tim Equivalency (FTE)
Preliminary Budget
41. Is a written record for goods or services provided or request for payment. A summarized list of charges and other information that is recorded in Account Receivalbe - can be printed - and can be sent to a customer to request payment or reimbursement.
Fund Balance
Cash Basis of Accounting
Line-Item Budget
Invoice
42. When the PO is created from the Requisiton in Purchasing. This action then relieves the Commitment encumbrance that was created by the Requsition and creates an Obligation.
General Fund
Standard Purchase Order
Obligation
Cost Applied
43. An accounting device established to control receipts and disbursements set aside to support specific activities.
Supplier
Spending Funds
Fund
Cash Basis of Accounting
44. Elements of cost necessary in the production of an article of the performance of a services - but an integral part of the finished product or service - such a rent - heat light - supplies - management - second-level supervision. Can refer to Departme
Baseline
Physical Intentory
Indirect Cost or Indirect Expense
Current Budget
45. A legal authorization to make expenditures or to enter into obligations for specific purposes. An appropriation is usually limited in amount for each department or fund of the County and as to the time when it may be expended - normally only during t
Capital Project
Invoice
Appropriation
Award
46. An itemized statement of money owed for goods shipped or services rendered
Activity- Based Costing (ABC)
Productive Time
Invoice
Capital Project Fund
47. Determines whether a purchasing document line is for goods - services - freight - Amend A&C - etc.
Capital Project Fund
Capital Improvement
Raw Cost
Line Type
48. Classificaiton used to account for a government's ongoing organizatons and activities that are similar to those often found in the private sector -
Line Budget Item
Project
Proprietary Funds
Estimated Revenue
49. Non-Capital Project. Non productive time as a type of indirect project to track paid time off. Printing - mails - purchasing - contracting - fleet - facilities. and admin projects ( overhead - training - travel - etc ).
Genaral Revenue Allocation
Internal Service Fund (ISF)
Fund
Indirect Project
50. Governmental funds established to accont for financial resources used for the acqusition or construction of major capital facilities ( other than those accounted for in proprietary funds).
Capital Improvement
Indirect Cost or Indirect Expense
Capital Projects Funds
Inventory Items
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