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






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






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






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






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






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






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






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






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






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






12. 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.






13. FI's target audience






14. Maintain Vendor master records






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






16. General ledger accounts are created at ________






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






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






19. 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






20. Inventory control - shipping - and packaging.






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






22. 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






23. Tracking technology that uses a small package - or tag - device that includes a microprocessor and antenna that can be attached to products






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






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






26. Assets - Liabilities - equity - revenues - expenses -






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






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






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






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






31. Permanently storing data






32. 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.






33. Conduct business over the internet






34. The lowest valuation area






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






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






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






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






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






40. 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






41. 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






42. 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






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






44. Links a material to a vendor. / Tells which vendor can provide what materials.






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






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






47. 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






48. 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






49. How the data behaves in a field.






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