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. 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






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






3. Empty Containers






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






5. Overhead items - Difficult to associate with specific products






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






7. MUST be assigned at Plant level






8. 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






9. The prerequisites for MRP: It has to be ________. - The MRP views in the material master have to have been established.






10. 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.






11. The transaction side of SAP






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






13. 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






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






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






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






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






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






19. 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






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






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






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






23. Conduct business over the internet






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






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






26. 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






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






28. 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






29. 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






30. Differences between actual and standard costs






31. Gathering place for buyers and sellers on the internet






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






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






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






35. 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






36. SAP modules where the purchasing process exists






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






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






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






40. 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






41. Common financial statement that shows a firm's profit or loss for a time period






42. Maintain Vendor master records






43. 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 -






44. 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






45. Determine which fields are listed.






46. Inventory control - shipping - and packaging.






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






48. Operating supplies






49. More stringent requirements for financial reporting






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