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






2. The lowest valuation area






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






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






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






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






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






8. Time needed for supplier to fill order






9. 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






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






11. 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 -






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






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






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






15. Designed to encourage top management accountability in publicly traded firms - Written and passed in wake of Enron collapse






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






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






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






19. 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






20. More stringent requirements for financial reporting






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






22. Combination of software tools that lets various programs within organization communicate with other applications - Also known as Service-Oriented Architecture (SOA) - Offers ability to add new applications quickly - Implementing SOA is not easy - ROI






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






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






25. 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






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






27. One company code cannot have more than one ________






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






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






30. 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






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






32. Maintain Vendor master records






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






34. 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






35. 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






36. 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






37. Empty Containers






38. Overhead items - Difficult to associate with specific products






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






40. Changing the programming code






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






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






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






44. 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






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






46. Process is associated with the MM module in SAP






47. 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.






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






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






50. General ledger accounts are created at ________