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. Balance sheet - income statement






2. 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






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






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






5. Conduct business over the internet






6. One company code cannot have more than one ________






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






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






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






10. Standard way of viewing the MRP process on paper






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






12. 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






13. SAP modules where the purchasing process exists






14. Assets - Liabilities - equity - revenues - expenses -






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






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






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






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






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






20. 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






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






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






23. 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






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






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






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






27. Permanently storing data






28. Gathering place for buyers and sellers on the internet






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






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






31. Overhead items - Difficult to associate with specific products






32. 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






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






34. 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






35. Collection of components that support business transactions over the internet - Modules include: Enterprise Portal - Mobile Infrastructure - Business Intelligence - Master Data Management - and Exchange Infrastructure






36. MUST be assigned at Plant level






37. Roadmap: project documentation storage location.






38. Inventory control - shipping - and packaging.






39. Differences between actual and standard costs






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






41. 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






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






43. 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






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






45. Maintain Vendor master records






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






47. Empty Containers






48. 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






49. Ability to view the details behind the summary of information - Direct links between financial statements and individual transactions that make up statements - Fraud and abuse can be detected more easily






50. General ledger accounts are created at ________