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. More stringent requirements for financial reporting






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






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






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






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






6. A section of a plant where inventory is kept. EX: Refrigerated and Non-refrigerated






7. Time needed for supplier to fill order






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






9. Inventory control - shipping - and packaging.






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






11. Permanently storing data






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






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






14. Operating supplies






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






16. Configuration side of SAP






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






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






19. General ledger accounts are created at ________






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






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






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






23. Standard way of viewing the MRP process on paper






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






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






26. 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.






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






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






29. CO's target audience






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






31. 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






32. 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.






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






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






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






36. 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






37. 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






38. Master data associated with the MM module: Vendor masters - material masters - and ____________.






39. Assets - Liabilities - equity - revenues - expenses -






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






41. 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






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






43. 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 -






44. 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






45. The transaction side of SAP






46. Auditor independence - limits non-audit services an auditor can provide






47. 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






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






49. FI's target audience






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