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






2. Determine which fields are listed.






3. Overhead items - Difficult to associate with specific products






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






5. Gathering place for buyers and sellers on the internet






6. SAP recommends the ____________ be established at the plant level.






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






8. The transaction side of SAP






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






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






11. Modules are integrated for the purchasing process at the ____________.






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






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






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






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






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






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






18. Process of breaking down the production plan into finer time units to meet individual product demand






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






20. 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






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






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






23. 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






24. Common term in manufacturing for aggregate planning - Disaggregated to generate detailed production schedules - Applies simple capacity-estimating techniques to production plan to test feasibility - Allows planner to see forecast results graphically






25. Maintain Vendor master records






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






27. Expected costs of manufacturing a product during a particular time period - Established by: Studying historical direct and indirect cost patterns - Accounting for effects of current manufacturing changes






28. Differences between actual and standard costs






29. When inventory is sent out before being recorded as received.






30. Run at Plant level






31. Communication and sales between manufacturers - wholesalers - retailers - and suppliers - Area of most business growth on the internet - Can occur using both EDI and the internet






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






33. Conduct business over the internet






34. Process is associated with the MM module in SAP






35. 'Recipe' or list of materials (including quantities) needed to make a product






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






37. Helps with project management. The four transactions used in here - SOLAR_PROJECT_ADMIN - RMMAIN - SOLAR01 - SOLAR02






38. One company code cannot have more than one ________






39. Ability to view the details behind the summary of information - Direct links between financial statements and individual transactions that make up statements - Fraud and abuse can be detected more easily






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






41. Inventory control - shipping - and packaging.






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






43. The org structures in MM: Plant - storage location - __________ - purchasing group - and valuation area.






44. General ledger accounts are created at ________






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






46. Operating supplies






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






48. 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






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






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