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






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






3. Differences between actual and standard costs






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






5. Materials and labor - Costs in a finished product that can be estimated fairly accurately






6. How the data behaves in a field.






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






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






9. Configuration side of SAP






10. Electronic computer to computer transfer of standard business documents that allows companies to handle the purchasing process electronically - Been used by companies since 1960s






11. 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






12. Standard way of viewing the MRP process on paper






13. Process is associated with the MM module in SAP






14. Operating supplies






15. Run at Plant level






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






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






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






19. This FI org structure is the smallest organizational unit for which accounting can be carried out






20. 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






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






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






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. Two company codes in the same company cannot have different






25. Collection of components that support business transactions over the internet - Modules include: Enterprise Portal - Mobile Infrastructure - Business Intelligence - Master Data Management - and Exchange Infrastructure






26. The lowest valuation area






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






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






29. Determine which fields are listed.






30. Roadmap: project documentation storage location.






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






32. Project administration: create the project and set up the parameters for the project.- Can create project: Name - description - give person as lead - assign language - and give start and end dates. Set project members and roles. Establish roadmap tem






33. 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.






34. A record that shows a company's sales costs of sales - and the profit and loss for a period






35. 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






36. The purpose of a __________ in the MM module: Reserving materials for an upcoming sales/production order - just puts it aside






37. 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






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






39. The entities within a business process that are used repeatedly; they help the business process to flow.






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






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






42. Concerning financial statement account balances expressed in one currency into balances expressed in another currency






43. SAP modules where the purchasing process exists






44. CO's target audience






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






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






47. Master data associated with the MM module: Vendor masters - material masters - and ____________.






48. Disadvantages of Using ASP: Security - Bandwidth/Response Time - Flexibility - No frills - Technical - not __________






49. 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






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