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. 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






2. MUST be assigned at Plant level






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






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






5. How the data behaves in a field.






6. 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






7. Time between paying for raw materials and collecting cash from customer






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






9. Cumulative time required between the supplier receiving the order and order delivery






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






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






12. Determine which fields are listed.






13. FI's target audience






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






15. 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






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






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






18. More stringent requirements for financial reporting






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






20. Permanently storing data






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






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






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






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






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






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






27. 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.






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






29. One company code cannot have more than one ________






30. Time needed for supplier to fill order






31. 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






32. Overhead items - Difficult to associate with specific products






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






34. Method for developing a product cost analysis in ERP






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






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






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






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






39. Conduct business over the internet






40. Common term in manufacturing for aggregate planning - Disaggregated to generate detailed production schedules - Applies simple capacity-estimating techniques to production plan to test feasibility - Allows planner to see forecast results graphically






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






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






43. 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






44. 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






45. Changing the programming code






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






47. Inventory control - shipping - and packaging.






48. 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






49. Empty Containers






50. Operating supplies