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






2. Balance sheet - income statement






3. Specifies only how information will look when viewed through browser - ERP systems now accept data in XML format - Streamlines data entry - reduces errors and reduces server loads - XML is very attractive to smaller companies because it allows data t






4. A section of a plant where inventory is kept. EX: Refrigerated and Non-refrigerated






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






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






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






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






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






10. 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






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






12. 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






13. Method for developing a product cost analysis in ERP






14. CO's target audience






15. Time between paying for raw materials and collecting cash from customer






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






17. Measurement of performance - used in relation to the effects of supply-chain management efforts






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






19. 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






20. Standard way of viewing the MRP process on paper






21. 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






22. Programming language of the internet that uses tags that define the data contained within them - XML coded data can go directly from web page into database without middleware of needing to be rekeyed into the system - XML users can create customized






23. An optional org structure; however - it is required by some businesses. A business area is for analyzing performance and being able to categorize a group of products into one group.






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






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






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






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






28. One type of B2B electronic marketplace - typically focused on a single industry - Private exchange - type of industry marketplace where membership is restricted to selected participants






29. Includes cost of buying and handling inventory - processing orders - and IS support






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






31. Determine which fields are listed.






32. 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






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






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






35. 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






36. Normal costs of manufacturing a product production and accounting must compare standard costs with actual costs to make account adjustments regularly






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






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






39. Maintain Vendor master records






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






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






42. 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






43. costing - profit - product costing - profitabilit analysis - valuations - flexibility






44. Time needed for supplier to fill order






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






46. FI's target audience






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






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






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






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







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