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. 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 -






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






3. 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






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






5. 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






6. 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.






7. Process is associated with the MM module in SAP






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






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






10. The transaction side of SAP






11. 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






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






13. Modules are integrated for the purchasing process at the ____________.






14. 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






15. MUST be assigned at Plant level






16. Differences between actual and standard costs






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






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






19. 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






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






21. Overhead items - Difficult to associate with specific products






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






23. Operating supplies






24. 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






25. 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






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






27. Configuration: sets up configuration templates - or menu paths - for the project.






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






29. Purchasing organization be assigned to _______ one plant - If you want to use the same purchasing organization by more than one company code - you have to assign the purchasing organization at Plant level






30. 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






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






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






33. Determining production and order quantities






34. General ledger accounts are created at ________






35. 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






36. SAP modules where the purchasing process exists






37. 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.






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






39. One type of B2B electronic marketplace - typically focused on a single industry - Private exchange - type of industry marketplace where membership is restricted to selected participants






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






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






42. Run at Plant level






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






44. CO's target audience






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






46. Balance sheet - income statement






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






48. Determine which fields are listed.






49. Common financial statement that shows a firm's profit or loss for a time period






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







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