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. Maintain Vendor master records






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






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






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






6. 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






7. 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






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






9. 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






10. Assets - Liabilities - equity - revenues - expenses -






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






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






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






14. 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






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






16. Inventory control - shipping - and packaging.






17. 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






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






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






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






21. Determining production and order quantities






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






23. 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






24. 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






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






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






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






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






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






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






31. 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






32. 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






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






34. Differences between actual and standard costs






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






36. Configuration side of SAP






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






38. Measurement of performance - used in relation to the effects of supply-chain management efforts






39. Empty Containers






40. 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






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






42. Standard way of viewing the MRP process on paper






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






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. Balance sheet - income statement






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






47. Roadmap: project documentation storage location.






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






49. Detailed plan of what is to be produced - considering machine and labor capacity






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