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. 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






2. 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






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






4. Process is associated with the MM module in SAP






5. 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






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






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






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






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. 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






11. 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






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






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






14. The lowest valuation area






15. Configuration side of SAP






16. Assets - Liabilities - equity - revenues - expenses -






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






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






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






20. 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






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






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






23. General ledger accounts are created at ________






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






25. Changing the programming code






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






27. Two company codes in the same company cannot have different






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






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






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






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






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






33. MUST be assigned at Plant level






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






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






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






37. Roadmap: project documentation storage location.






38. The ________ for the purchasing process exists in MM and FI: they use the G/L accounts for purchasing.






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






40. CO's target audience






41. More stringent requirements for financial reporting






42. Use of internet technologies for procurement activities - Benefits: Less expensive to use the internet than private EDI networks - Purchasing costs further reduced as suppliers compete for orders






43. 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






44. Permanently storing data






45. Inventory control - shipping - and packaging.






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






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






48. 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






49. FI's target audience






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







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests