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. 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






2. 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






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






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






5. Run at Plant level






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






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






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






9. Roadmap: project documentation storage location.






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






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






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






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






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






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






16. Maintain Vendor master records






17. Time needed for supplier to fill order






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






19. Gathering place for buyers and sellers on the internet






20. 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






21. 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






22. More stringent requirements for financial reporting






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






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






25. Determining production and order quantities






26. 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






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






28. 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






29. Determine which fields are listed.






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






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






32. Empty Containers






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






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






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






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






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






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






39. 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






40. Differences between actual and standard costs






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






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






43. 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






44. SAP recommends the ____________ be established at the plant level.






45. Balance sheet - income statement






46. 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






47. 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






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






49. Detailed plan of what is to be produced - considering machine and labor capacity






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