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. FI's target audience






2. 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






3. Method for developing a product cost analysis in ERP






4. 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






5. Gathering place for buyers and sellers on the internet






6. 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






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






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






9. This has to be assigned for each comapny code to be able to create GL for the company. basis of general ledger - complete list of all acounts utilized in GL for a company. Reports made from balances in GL COA -






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






11. General ledger accounts are created at ________






12. 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






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






14. One company code cannot have more than one ________






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






16. Balance sheet - income statement






17. The lowest valuation area






18. Overhead items - Difficult to associate with specific products






19. Maintain Vendor master records






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






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






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






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






24. 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






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






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






27. 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






28. SAP modules where the purchasing process exists






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






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






31. Differences between actual and standard costs






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






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






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






35. Time needed for supplier to fill order






36. 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






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






38. 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.






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






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






41. More stringent requirements for financial reporting






42. MRP can generate two types of orders: Planned Production Orders - __________ Orders






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






44. 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






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






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






47. Normal costs of manufacturing a product production and accounting must compare standard costs with actual costs to make account adjustments regularly






48. The entities within a business process that are used repeatedly; they help the business process to flow.






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






50. 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