Test your basic knowledge |

Subject : it-skills
Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

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. SAP org structure at the highest level - created at that level






2. Production plan for all finished goods - Output for demand management process






3. To value inventory and a set time of year.






4. Processing of sales orders through a company's marketing - manufacturing - shipping and accounting systems






5. Configuration: sets up configuration templates - or menu paths - for the project.






6. SAP modules where the purchasing process exists






7. A trading good has a MRP view - even though it is only purchased - Because a ________ still has to be made.






8. Advanced form of inventory cost accounting in which overhead costs are assigned to products - based on the manufacturing activities that gave rise to the costs - Keeps records on costs and activities - Requires more bookkeeping than traditional cost






9. If supplier agreed to requested delivery dates - tracks how often dates are met






10. Has two options: Special or Default; there can be more than one CCA.






11. Determine which fields are listed.






12. A plant does not have to be a [traditional] physical structure - Anything that holds _______ that is valued can be a plant.






13. Company - Used to consolidate financial statements of multiple companies.






14. Process of determining what the company will produce - Input: sales forecast provided by Marketing - Output: production plan designed to balance market demand with production capacity - Production plan is input for next step - demand management






15. Auditor independence - limits non-audit services an auditor can provide






16. Two company codes in the same company cannot have different






17. Affects financial position of entity can measure in $ - affects atleast 2 accounts - debits = credits






18. Links a material to a vendor. / Tells which vendor can provide what materials.






19. Communication and sales between business and the buying public - Popularly - but incorrectly - thought of as the most common form of e-commerce






20. Roadmap: project documentation storage location.






21. Client - company - company code - chart of accounts - fiscal year variant - and credit control area.






22. Time needed for supplier to fill order






23. Company Challenges FOR Duet include: Must be using relatively current version of SAP - Must run ___________ - May require use of other SAP products - Growing competition between SAP and Microsoft in ERP software market






24. Do not have a purchasing view. Are not ever purchased - they are manufactured.






25. Entities that represent the structure of the company and how it's made and how it's used. It's the framework for everything.






26. Used for keeping track of amounts owed/how large a client's credit line is.






27. External accounting- balance sheet - profit and loss statement - legal requirement - standards -






28. Preset limits on an employee's ability to post transactions - SAP offers ability to set limits on the dollar value for a single item in a document as well as the total value of document






29. Process of developing a prediction of future demand for a product






30. To share a ___________________ - One person creates the general ledger - and then the others create it using the same account number - and assign it to their company code.






31. Maintain Vendor master records






32. The steps to procurement: Initialization from MRP. - Creating a __________ order. - Creating a purchase order. - Receive goods for purchasing / goods receipt. - Invoice receipt. - Pay if purchase order - invoice receipt - and goods receipt fall withi






33. Intermediary internet-based network run by an outside EDI provider






34. Traditional record of accounting - something about what screens you can access it from






35. Percentage of the order the supplier provided in first shipment






36. COMPLETE RECORD of all acceptable biz transactions from ACCOUNTANT VIEW.






37. Do not have a sales view - Because they are not sold - only finished goods or trading goods are sold.






38. Use of internet technologies for procurement activities - Benefits: Less expensive to use the internet than private EDI networks - Purchasing costs further reduced as suppliers compete for orders






39. A sub ledger account - part of a holding account traditionally accounts payable or accounts receivable - that helps books to be balanced.






40. Business blueprint: sets up the templates of the transaction codes that are to be used for the project.






41. The relationship between the general ledger and the chart of accounts: A general ledger uses a chart of accounts to be able to do ______________.






42. Method for developing a product cost analysis in ERP






43. Benefits of EDI: Costs of paper - printing and posting eliminated - ____________ - Fast and efficient ordering - Suppliers and buyers are "locked" into business relationships






44. Purchasing organization be assigned to _______ one plant - If you want to use the same purchasing organization by more than one company code - you have to assign the purchasing organization at Plant level






45. Process is associated with the MM module in SAP






46. The lowest valuation area






47. Determining production and order quantities






48. Provides management of applications for a company over a network






49. The amount of an item that can be produced - Plans should consider available capacity






50. Raw Materials: Purchased externally only - No sales view