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 recommends the ____________ be established at the plant level.






2. Determines required quantity and timing of the production or purchase of subassemblies and raw materials needed to support MPS






3. Assets - Liabilities - equity - revenues - expenses -






4. Standard way of viewing the MRP process on paper






5. Financial statements filed with the SEC must include a statement signed by the CEO and CFO - certifying that the financial statement complies with SEC rules






6. G/L Accounts - Vendor Masters General Data - Material Master General Data - Divisions - and Distribution Channels.






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






8. Advantages of Using ASP: Affordability - _____________ - Expertise






9. The prerequisites for MRP: It has to be ________. - The MRP views in the material master have to have been established.






10. Company's______________ including costs for factory utilities - general factory labor - factory management - storage - insurance - and other manufacturing-related costs






11. Large fluctuations in demand throughout the supply chain caused by a slight change in the number of products sold






12. Finished Product: Are produced internally - Normally no purchasing views exist






13. Process is associated with the MM module in SAP






14. 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






15. Tracking technology that uses a small package - or tag - device that includes a microprocessor and antenna that can be attached to products






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






17. The transaction side of SAP






18. On the first of every month - you must be able to post transactions - Close and open the books. - Transaction code: ___






19. Manufacturing environment in which production lines are switched from one product to another similar product - Production lines are scheduled for time blocks rather than number of items






20. The ________ for the purchasing process exists in MM and FI: they use the G/L accounts for purchasing.






21. Specialized buyers - that can buy more in volume at a better discount.






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






23. Permanently storing data






24. Trading goods: Always purchased externally - Sold without any change to the material - No manufacturing views exist.






25. Balance sheet - income statement






26. All activities that occur between the growing or mining of raw materials and the finished products






27. Method for developing a product cost analysis in ERP






28. 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






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






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






31. Microsoft and SAP have been working on _____- Intended to let companies have access to SAP data and processes using Microsoft Office UIs - Goal of Duet is to expand and simplify adoption of SAP ERP by making workers more efficient






32. Overhead items - Difficult to associate with specific products






33. Material Master records are maintained by: Purchasing - Production - ________ - Sales






34. MRP can generate two types of orders: Planned Production Orders - __________ Orders






35. Common financial statement that shows a firm's profit or loss for a time period






36. Common financial statement that shows account balances such as Cash held - Accounts Receivable: Amounts owed to company by customers - Cost of raw materials and finished goods inventory - Long term assets - Amounts owed to vendors - banks - and credi






37. Differences between actual and standard costs






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






39. General data is stored at the client level - company code is stored at FI - and purchasing data is stored at purchasing level. Client level: Address - communication - ____________. Company code level: Payment transactions and account management. Purc






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






41. An item that is widely available at a standard level of quality






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






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






44. Setting the defaults of the SAP screen for a company






45. This has to be assigned for each comapny code to be able to create GL for the company. basis of general ledger - complete list of all acounts utilized in GL for a company. Reports made from balances in GL COA -






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






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






48. Configuration side of SAP






49. A transaction the occurs between a company and its subsidiary






50. Cumulative time required between the supplier receiving the order and order delivery