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. Run at Plant level






2. 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






3. Permanently storing data






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






5. Determine which fields are listed.






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






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






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






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






10. Operating supplies






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






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






13. Conduct business over the internet






14. 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






15. More stringent requirements for financial reporting






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






17. 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






18. SAP org structure at the highest level - created at that level






19. Changing the programming code






20. CO's target audience






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






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






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






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






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






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






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






29. Process is associated with the MM module in SAP






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






31. Balance sheet - income statement






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






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






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






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






36. 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






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






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






39. General ledger accounts are created at ________






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






41. Maintain Vendor master records






42. 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






43. Communication and sales between business and the buying public - Popularly - but incorrectly - thought of as the most common form of e-commerce






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






45. 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






46. Standard way of viewing the MRP process on paper






47. 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






48. The lowest valuation area






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






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