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. To value inventory and a set time of year.






2. Method for developing a product cost analysis in ERP






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






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






5. SAP org structure at the highest level - created at that level






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






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






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






9. 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






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






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






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






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






14. Time needed for supplier to fill order






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






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






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






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






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






20. Assets - Liabilities - equity - revenues - expenses -






21. Determining production and order quantities






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






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






24. Standard way of viewing the MRP process on paper






25. CO's target audience






26. Configuration side of SAP






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






28. Balance sheet - income statement






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






30. Determine which fields are listed.






31. More stringent requirements for financial reporting






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






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






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






35. Manufacturing environment in which production lines are switched from one product to another similar product - Production lines are scheduled for time blocks rather than number of items






36. 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






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






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






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






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






41. Expected costs of manufacturing a product during a particular time period - Established by: Studying historical direct and indirect cost patterns - Accounting for effects of current manufacturing changes






42. MUST be assigned at Plant level






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






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






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






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






47. Detailed plan of what is to be produced - considering machine and labor capacity






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






49. 'Recipe' or list of materials (including quantities) needed to make a product






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