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






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






3. 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






4. 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






5. Determining production and order quantities






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






7. 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






8. 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






9. Processing of sales orders through a company's marketing - manufacturing - shipping and accounting systems






10. The lowest valuation area






11. Helps with project management. The four transactions used in here - SOLAR_PROJECT_ADMIN - RMMAIN - SOLAR01 - SOLAR02






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






13. Collection of components that support business transactions over the internet - Modules include: Enterprise Portal - Mobile Infrastructure - Business Intelligence - Master Data Management - and Exchange Infrastructure






14. MUST be assigned at Plant level






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






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






17. Company - Used to consolidate financial statements of multiple companies.






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






19. Time needed for supplier to fill order






20. More stringent requirements for financial reporting






21. Entities that represent the structure of the company and how it's made and how it's used. It's the framework for everything.






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






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






24. 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






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






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






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






28. Specialized buyers - that can buy more in volume at a better discount.






29. 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






30. Gathering place for buyers and sellers on the internet






31. A transaction the occurs between a company and its subsidiary






32. 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






33. Determine which fields are listed.






34. One company code cannot have more than one ________






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






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






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






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






39. 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 -






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






41. Assets - Liabilities - equity - revenues - expenses -






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






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






44. A plant does not have to be a [traditional] physical structure - Anything that holds _______ that is valued can be a plant.






45. 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






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






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






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






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






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







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