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. A transaction the occurs between a company and its subsidiary






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






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






4. 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






5. 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






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






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






8. Advantages of Using ASP: Affordability - _____________ - Expertise






9. More stringent requirements for financial reporting






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






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






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






13. Balance sheet - income statement






14. Overhead items - Difficult to associate with specific products






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






16. 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






17. The transaction side of SAP






18. Configuration side of SAP






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






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






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






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






23. 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






24. Method for developing a product cost analysis in ERP






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






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






27. Trading goods: Always purchased externally - Sold without any change to the material - No manufacturing views exist.






28. MUST be assigned at Plant level






29. Conduct business over the internet






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






31. Run at Plant level






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






33. Standard way of viewing the MRP process on paper






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






35. 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






36. 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






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






38. CO's target audience






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






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






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






42. 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






43. Assets - Liabilities - equity - revenues - expenses -






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






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






46. Empty Containers






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






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






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






50. Differences between actual and standard costs