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






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






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






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






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






6. G/L Accounts - Vendor Masters General Data - Material Master General Data - Divisions - and Distribution Channels.






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






8. 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 -






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






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






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






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






13. 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






14. Balance sheet - income statement






15. 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






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






17. 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






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






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






20. Time needed for supplier to fill order






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






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






23. Benefits of EDI: Costs of paper - printing and posting eliminated - ____________ - Fast and efficient ordering - Suppliers and buyers are "locked" into business relationships






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






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






26. 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






27. 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






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






29. The purpose of a __________ in the MM module: Reserving materials for an upcoming sales/production order - just puts it aside






30. FI's target audience






31. More stringent requirements for financial reporting






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






33. Determining production and order quantities






34. 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






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






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






37. Changing the programming code






38. CO's target audience






39. Process is associated with the MM module in SAP






40. 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






41. 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






42. The prerequisites for MRP: It has to be ________. - The MRP views in the material master have to have been established.






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






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






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






46. 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.






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






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






49. Roadmap: project documentation storage location.






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