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. Advantages of Using ASP: Affordability - _____________ - Expertise






2. 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






3. SAP modules where the purchasing process exists






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






5. The transaction side of SAP






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






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






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






9. 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






10. 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






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






12. FI's target audience






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






15. 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






16. 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






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






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






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






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






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






22. Inventory control - shipping - and packaging.






23. Differences between actual and standard costs






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






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






26. Includes cost of buying and handling inventory - processing orders - and IS support






27. 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






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






29. How the data behaves in a field.






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






31. Time needed for supplier to fill order






32. 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






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






34. Operating supplies






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






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






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






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






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






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






41. Cumulative time required between the supplier receiving the order and order delivery






42. More stringent requirements for financial reporting






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






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. Assets - Liabilities - equity - revenues - expenses -






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






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






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






49. 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






50. Client - company - company code - chart of accounts - fiscal year variant - and credit control area.