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. All activities that occur between the growing or mining of raw materials and the finished products






2. 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






3. 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






4. The lowest valuation area






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






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






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






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






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






10. 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.






11. 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






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






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






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






15. 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






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






17. Maintain Vendor master records






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






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






20. COMPLETE RECORD of all acceptable biz transactions from ACCOUNTANT VIEW.






21. FI's target audience






22. 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






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






24. Common term in manufacturing for aggregate planning - Disaggregated to generate detailed production schedules - Applies simple capacity-estimating techniques to production plan to test feasibility - Allows planner to see forecast results graphically






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






26. Inventory control - shipping - and packaging.






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






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






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






30. How the data behaves in a field.






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






32. Roadmap: project documentation storage location.






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






34. Differences between actual and standard costs






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






36. Balance sheet - income statement






37. Method for developing a product cost analysis in ERP






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






39. 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






40. 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






41. 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






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






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






44. 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






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






46. Time needed for supplier to fill order






47. Determining production and order quantities






48. Overhead items - Difficult to associate with specific products






49. 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






50. Operating supplies