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. To value inventory and a set time of year.






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






3. 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






4. FI's target audience






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






6. Method for developing a product cost analysis in ERP






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






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






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






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






11. 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






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






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






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






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






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






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






18. Configuration side of SAP






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






20. 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






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






22. The steps to procurement: Initialization from MRP. - Creating a __________ order. - Creating a purchase order. - Receive goods for purchasing / goods receipt. - Invoice receipt. - Pay if purchase order - invoice receipt - and goods receipt fall withi






23. MUST be assigned at Plant level






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






25. Time needed for supplier to fill order






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






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






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






29. Inventory control - shipping - and packaging.






30. 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 -






31. Roadmap: project documentation storage location.






32. Manufacturing environment in which production lines are switched from one product to another similar product - Production lines are scheduled for time blocks rather than number of items






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






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






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






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






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






38. 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.






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






40. Balance sheet - income statement






41. One company code cannot have more than one ________






42. SAP modules where the purchasing process exists






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






44. Operating supplies






45. 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






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






47. 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






48. 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






49. 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






50. More stringent requirements for financial reporting