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. 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






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






3. Balance sheet - income statement






4. General ledger accounts are created at ________






5. 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






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






7. Inventory control - shipping - and packaging.






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






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






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






11. Empty Containers






12. 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






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






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






15. Specialized buyers - that can buy more in volume at a better discount.






16. 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.






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






18. Changing the programming code






19. 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






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






21. The transaction side of SAP






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






23. Traditional record of accounting - something about what screens you can access it from






24. Permanently storing data






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






26. 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






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






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






29. MUST be assigned at Plant level






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






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






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






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






34. Measurement of performance - used in relation to the effects of supply-chain management efforts






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






36. SAP modules where the purchasing process exists






37. 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






38. One company code cannot have more than one ________






39. Process is associated with the MM module in SAP






40. Run at Plant level






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






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






43. 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






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






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






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






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






48. Maintain Vendor master records






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






50. Differences between actual and standard costs