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






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






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






4. 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






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






6. 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






7. 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






8. Changing the programming code






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






10. Gathering place for buyers and sellers on the internet






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






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






13. Process is associated with the MM module in SAP






14. Balance sheet - income statement






15. When inventory is sent out before being recorded as received.






16. 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






17. 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






18. 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






19. Raw Materials: Purchased externally only - No sales view






20. Process of breaking down the production plan into finer time units to meet individual product demand






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






22. Differences between actual and standard costs






23. Conduct business over the internet






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






25. MUST be assigned at Plant level






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






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






28. General ledger accounts are created at ________






29. Designed to encourage top management accountability in publicly traded firms - Written and passed in wake of Enron collapse






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






31. 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.






32. Operating supplies






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






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






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






36. Overhead items - Difficult to associate with specific products






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






38. 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






39. Determine which fields are listed.






40. How the data behaves in a field.






41. One company code cannot have more than one ________






42. 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






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






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






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






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






48. Time needed for supplier to fill order






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






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