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. Process of developing a prediction of future demand for a product






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






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






4. Maintain Vendor master records






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






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






7. 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






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






9. 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






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






11. The lowest valuation area






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






13. Percentage of the order the supplier provided in first shipment






14. 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






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






16. Changing the programming code






17. Conduct business over the internet






18. Operating supplies






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






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. 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






22. 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






23. 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






24. To value inventory and a set time of year.






25. Do not have a purchasing view. Are not ever purchased - they are manufactured.






26. Run at Plant level






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






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






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






30. Determining production and order quantities






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






32. Setting the defaults of the SAP screen for a company






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






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






35. Permanently storing data






36. 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






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






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






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






40. 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






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






42. 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






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






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






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






46. 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 -






47. 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






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






49. Empty Containers






50. CO's target audience