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






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






3. Determining production and order quantities






4. 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






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






6. 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






7. Disadvantages of Using ASP: Security - Bandwidth/Response Time - Flexibility - No frills - Technical - not __________






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






9. One company code cannot have more than one ________






10. 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






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






12. Inventory control - shipping - and packaging.






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






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






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






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






17. 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






18. 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






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






20. Differences between actual and standard costs






21. 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






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






23. Specialized buyers - that can buy more in volume at a better discount.






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






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






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






27. 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






28. Changing the programming code






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






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






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






32. Method for developing a product cost analysis in ERP






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






34. 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.






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






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






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






38. Operating supplies






39. Time between paying for raw materials and collecting cash from customer






40. SAP modules where the purchasing process exists






41. Roadmap: project documentation storage location.






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






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






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






45. A transaction the occurs between a company and its subsidiary






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






47. Run at Plant level






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






49. How the data behaves in a field.






50. 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