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






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






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






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






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






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






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






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






10. Inventory control - shipping - and packaging.






11. Specifies only how information will look when viewed through browser - ERP systems now accept data in XML format - Streamlines data entry - reduces errors and reduces server loads - XML is very attractive to smaller companies because it allows data t






12. Maintain Vendor master records






13. 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






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






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






16. Roadmap: project documentation storage location.






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






18. The lowest valuation area






19. Differences between actual and standard costs






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






21. Preset limits on an employee's ability to post transactions - SAP offers ability to set limits on the dollar value for a single item in a document as well as the total value of document






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






23. CO's target audience






24. 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






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






26. 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






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






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






29. General ledger accounts are created at ________






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






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






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






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






34. Process is associated with the MM module in SAP






35. Determining production and order quantities






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






37. MUST be assigned at Plant level






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






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






40. Standard way of viewing the MRP process on paper






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






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






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






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






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






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






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






48. 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 -






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






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