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. The transaction side of SAP






2. Process is associated with the MM module in SAP






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






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






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






6. 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






7. A trading good has a MRP view - even though it is only purchased - Because a ________ still has to be made.






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






9. 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






10. 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






11. Permanently storing data






12. Tracking technology that uses a small package - or tag - device that includes a microprocessor and antenna that can be attached to products






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






14. Links a material to a vendor. / Tells which vendor can provide what materials.






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






16. Finished Product: Are produced internally - Normally no purchasing views exist






17. How the data behaves in a field.






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






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






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






21. CO's target audience






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






23. The amount of an item that can be produced - Plans should consider available capacity






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. Balance sheet - income statement






26. Configuration side of SAP






27. Conduct business over the internet






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






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






30. Run at Plant level






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






32. Business blueprint: sets up the templates of the transaction codes that are to be used for the project.






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






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






35. 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






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






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






38. 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






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






40. General ledger accounts are created at ________






41. 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






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






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






44. An optional org structure; however - it is required by some businesses. A business area is for analyzing performance and being able to categorize a group of products into one group.






45. MUST be assigned at Plant level






46. 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






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






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






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






50. Determining production and order quantities







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