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. 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






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






3. FI's target audience






4. Overhead items - Difficult to associate with specific products






5. 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






6. 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






7. Time between paying for raw materials and collecting cash from customer






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






9. 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.






10. Standard way of viewing the MRP process on paper






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






12. 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






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






14. Time needed for supplier to fill order






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






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






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






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






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






20. 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






21. Combination of software tools that lets various programs within organization communicate with other applications - Also known as Service-Oriented Architecture (SOA) - Offers ability to add new applications quickly - Implementing SOA is not easy - ROI






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






23. 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






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






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






26. Run at Plant level






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






28. 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






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






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






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






32. This FI org structure is the smallest organizational unit for which accounting can be carried out






33. Permanently storing data






34. 'Recipe' or list of materials (including quantities) needed to make a product






35. Empty Containers






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






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






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






39. Roadmap: project documentation storage location.






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






41. 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






42. CO's target audience






43. Changing the programming code






44. Gathering place for buyers and sellers on the internet






45. 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






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






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






48. Method for developing a product cost analysis in ERP






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






50. SAP modules where the purchasing process exists