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Test your basic knowledge |
SAP ERP
Start Test
Study First
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. 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
Business-to-Customer (B2C)
Goods requisition
Title IX
Purchase info record
2. Permanently storing data
Bank information
Archiving
Title IX
Plant
3. Setting the defaults of the SAP screen for a company
Duet
Fiscal years
Detailed Scheduling
Configuration
4. 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
Exchanges
Sales and Operations Planning (SOP)
MRP Record
Storage location
5. The purpose of a __________ in the MM module: Reserving materials for an upcoming sales/production order - just puts it aside
Reservation
Fiscal year variant
Back Office Processing
MM fiscal period
6. 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
Sales Forecasting
Client
Duet
Procurement - PP
7. Used for keeping track of amounts owed/how large a client's credit line is.
Standard Costs
Credit control area
General ledger
Product Cost Variant
8. Company - Used to consolidate financial statements of multiple companies.
Organizational structure
Business-to-Customer (B2C)
Bill of Material (BOM)
Optional FI org structures
9. Time needed for supplier to fill order
Account groups
MM fiscal period
Direct Costs
Initial Order Lead Time
10. COMPLETE RECORD of all acceptable biz transactions from ACCOUNTANT VIEW.
SAP Men
Microsoft server software
General ledger
Sales and Operations Planning (SOP)
11. 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
LEER
Extensible Markup Language (XML)
Purchasing organizations
Balance Sheet
12. The org structures in MM: Plant - storage location - __________ - purchasing group - and valuation area.
Credit control area
Plant
Purchasing organization
Reports made from GL
13. Configuration side of SAP
SAP Men
IMG Menu
Cost of operations
MM and FI
14. Company's______________ including costs for factory utilities - general factory labor - factory management - storage - insurance - and other manufacturing-related costs
MM fiscal period
General ledger
Title II
Cost of operations
15. Specialized buyers - that can buy more in volume at a better discount.
Purchasing group
On-Time Performanc
MM fiscal period
Repetitive Manufacturing
16. 'Recipe' or list of materials (including quantities) needed to make a product
Bill of Material (BOM)
Income Statement
Title IV
Business area
17. Operating supplies
HIBE
Reservation
Currency Translation
SCM costs
18. The amount of an item that can be produced - Plans should consider available capacity
Initial Order Lead Time
Capacity
Exchanges
General ledger master account
19. MUST be assigned at Plant level
Indirect Costs
Purchase info record
Purchasing organizations
ROH
20. On the first of every month - you must be able to post transactions - Close and open the books. - Transaction code: ___
Fiscal year variant
Purchasing information records
Income Statement
MMPV
21. Two company codes in the same company cannot have different
IMG Menu
Cash-to-Cash cycle time
Fiscal years
Acceptable biz transaction
22. Electronic computer to computer transfer of standard business documents that allows companies to handle the purchasing process electronically - Been used by companies since 1960s
Profit and Loss Statement (P&L)
Electronic Data Interchange (EDI)
Field status variants
Metrics
23. When inventory is sent out before being recorded as received.
Business-to-Customer (B2C)
Negative stock allowance
Chart of accounts
Plant
24. An item that is widely available at a standard level of quality
Goods requisition
Reservation
Commodity
Purchasing and Accounts Payable
25. Differences between actual and standard costs
HIBE
Cost Variances
Valuation of inventory
Purchasing and Accounts Payable
26. FI's target audience
Customizatio
Business-to-Customer (B2C)
Acceptable biz transaction
External
27. 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
Microsoft server software
Goods requisition
Cost of operations
Bank information
28. Run at Plant level
Planned Purchase
Configuration
MRP
Cost Variances
29. 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
SOLAR01
Managerial accounting
Exchanges
Client level
30. Finished Product: Are produced internally - Normally no purchasing views exist
Activity-Based Costing
FERT
Customizatio
Chart of accounts
31. Entities that represent the structure of the company and how it's made and how it's used. It's the framework for everything.
Organizational structure
MRP Record
IMG Menu
More than
32. The ________ for the purchasing process exists in MM and FI: they use the G/L accounts for purchasing.
FI org structures
MMPV
Master data
Purchasing and Accounts Payable
33. Benefits of EDI: Costs of paper - printing and posting eliminated - ____________ - Fast and efficient ordering - Suppliers and buyers are "locked" into business relationships
Repetitive Manufacturing
Client level
Value-Added Network (VAN)
Minimized errors
34. Processing of sales orders through a company's marketing - manufacturing - shipping and accounting systems
Company code
Intercompany Transaction
More than
Back Office Processing
35. Overhead items - Difficult to associate with specific products
Fiscal years
Field status variants
HIBE
Indirect Costs
36. External accounting- balance sheet - profit and loss statement - legal requirement - standards -
IMG Menu
Valuation of inventory
Credit control area
Financial accounting
37. 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
General ledger
Hypertext Markup Language (HTML)
Company code
SOLAR01
38. Links a material to a vendor. / Tells which vendor can provide what materials.
Purchase info record
SCM costs
Turned on
Master data
39. Maintain Vendor master records
Title IV
Purchasing and Accounts Payable
Standard Costs
Optional FI org structures
40. Auditor independence - limits non-audit services an auditor can provide
Microsoft server software
Financial accounting
SOLAR_PROJECT_ADMIN
Title II
41. Conduct business over the internet
Initial Fill Rate
Solution manager
E-Commerce
Accounting
42. 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
Radio Frequency Identification Technology (RFID)
LEER
Commodity
Bank information
43. Standard way of viewing the MRP process on paper
Credit control area
Extensible Markup Language (XML)
Financial accounting
MRP Record
44. A transaction the occurs between a company and its subsidiary
Intercompany Transaction
Inventory
Lot Sizing
E-Commerce
45. Roadmap: project documentation storage location.
RMMAIN
Metrics
Title II
Bullwhip Effect
46. Business blueprint: sets up the templates of the transaction codes that are to be used for the project.
Supply Chain
SOLAR01
Activity-Based Costing
Balance Sheet
47. Trading goods: Always purchased externally - Sold without any change to the material - No manufacturing views exist.
ROH
Goods receipt
HAWA
Business-to-Customer (B2C)
48. Tracking technology that uses a small package - or tag - device that includes a microprocessor and antenna that can be attached to products
Radio Frequency Identification Technology (RFID)
HIBE
Hypertext Markup Language (HTML)
MMPV
49. A sub ledger account - part of a holding account traditionally accounts payable or accounts receivable - that helps books to be balanced.
Commodity
Reconciliation account
Fiscal years
Activity-Based Costing
50. MRP can generate two types of orders: Planned Production Orders - __________ Orders
Web Services
Planned Purchase
Master data
Balance Sheet