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. 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






2. 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






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






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






5. Roadmap: project documentation storage location.






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






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






8. 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






9. COMPLETE RECORD of all acceptable biz transactions from ACCOUNTANT VIEW.






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






12. Process is associated with the MM module in SAP






13. Conduct business over the internet






14. The transaction side of SAP






15. How the data behaves in a field.






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






17. General ledger accounts are created at ________






18. 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






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






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






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






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






23. Run at Plant level






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






25. Overhead items - Difficult to associate with specific products






26. Balance sheet - income statement






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






28. 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.






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






30. 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






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






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






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






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






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






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






37. MUST be assigned at Plant level






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






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






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






41. 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






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






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






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






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






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






47. Configuration side of SAP






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






49. 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






50. Time needed for supplier to fill order