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. Setting the defaults of the SAP screen for a company






2. Normal costs of manufacturing a product production and accounting must compare standard costs with actual costs to make account adjustments regularly






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






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






5. 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






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






7. Changing the programming code






8. 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.






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






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






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






12. SAP modules where the purchasing process exists






13. Empty Containers






14. CO's target audience






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






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






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






18. 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






19. 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






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






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






22. Gathering place for buyers and sellers on the internet






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






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






25. 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






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






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






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






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






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






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






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






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






34. 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






35. Overhead items - Difficult to associate with specific products






36. FI's target audience






37. Determine which fields are listed.






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






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






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






41. Standard way of viewing the MRP process on paper






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






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






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






45. 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






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






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






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






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






50. 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