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. 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






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






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






4. Production plan for all finished goods - Output for demand management process






5. FI's target audience






6. Conduct business over the internet






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






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






9. An item that is widely available at a standard level of quality






10. Balance sheet - income statement






11. Determine which fields are listed.






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






13. 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






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






15. 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






16. 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






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






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






19. 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






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






21. 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






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






23. Materials and labor - Costs in a finished product that can be estimated fairly accurately






24. 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






25. General ledger accounts are created at ________






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






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






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






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






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






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






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






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






34. 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






35. Operating supplies






36. To share a ___________________ - One person creates the general ledger - and then the others create it using the same account number - and assign it to their company code.






37. Roadmap: project documentation storage location.






38. SAP modules where the purchasing process exists






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






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






41. A plant does not have to be a [traditional] physical structure - Anything that holds _______ that is valued can be a plant.






42. 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






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






44. 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






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






46. Run at Plant level






47. Overhead items - Difficult to associate with specific products






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






49. Gathering place for buyers and sellers on the internet






50. 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