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






2. More stringent requirements for financial reporting






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






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






5. Used for keeping track of amounts owed/how large a client's credit line is.






6. CO's target audience






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






8. SAP modules where the purchasing process exists






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






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






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






12. 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






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






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






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






16. MUST be assigned at Plant level






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






18. Assets - Liabilities - equity - revenues - expenses -






19. Disadvantages of Using ASP: Security - Bandwidth/Response Time - Flexibility - No frills - Technical - not __________






20. The lowest valuation area






21. Advanced form of inventory cost accounting in which overhead costs are assigned to products - based on the manufacturing activities that gave rise to the costs - Keeps records on costs and activities - Requires more bookkeeping than traditional cost






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






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






24. 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






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






26. Roadmap: project documentation storage location.






27. Determining production and order quantities






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






29. When inventory is sent out before being recorded as received.






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






31. Designed to encourage top management accountability in publicly traded firms - Written and passed in wake of Enron collapse






32. Conduct business over the internet






33. Changing the programming code






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






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






36. General ledger accounts are created at ________






37. 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






38. 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






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






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






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






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






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






44. 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.






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






46. Determine which fields are listed.






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






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






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






50. 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