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. Company - Used to consolidate financial statements of multiple companies.






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






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






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






5. The lowest valuation area






6. 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






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






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






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






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






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






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






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






14. Balance sheet - income statement






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






16. 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






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






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






19. Maintain Vendor master records






20. Determine which fields are listed.






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






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






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






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






25. 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






26. Run at Plant level






27. CO's target audience






28. Overhead items - Difficult to associate with specific products






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






30. Roadmap: project documentation storage location.






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






32. Permanently storing data






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






34. 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 -






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






36. Standard way of viewing the MRP process on paper






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






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






39. Process is associated with the MM module in SAP






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






41. Company Challenges FOR Duet include: Must be using relatively current version of SAP - Must run ___________ - May require use of other SAP products - Growing competition between SAP and Microsoft in ERP software market






42. 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






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






44. 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






45. Determines required quantity and timing of the production or purchase of subassemblies and raw materials needed to support MPS






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






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






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






50. General ledger accounts are created at ________