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






2. Roadmap: project documentation storage location.






3. Inventory control - shipping - and packaging.






4. One company code cannot have more than one ________






5. SAP modules where the purchasing process exists






6. Two company codes in the same company cannot have different






7. 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






8. The relationship between the general ledger and the chart of accounts: A general ledger uses a chart of accounts to be able to do ______________.






9. 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






10. Has two options: Special or Default; there can be more than one CCA.






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






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






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






14. Standard way of viewing the MRP process on paper






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






16. Run at Plant level






17. 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






18. Overhead items - Difficult to associate with specific products






19. 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 -






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






21. 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






22. Method for developing a product cost analysis in ERP






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






24. 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






25. How the data behaves in a field.






26. Operating supplies






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






28. The transaction side of SAP






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






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






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






32. Concerning financial statement account balances expressed in one currency into balances expressed in another currency






33. Configuration side of SAP






34. 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.






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






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






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






38. 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






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






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






41. 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






42. Process is associated with the MM module in SAP






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






44. Balance sheet - income statement






45. A plant does not have to be a [traditional] physical structure - Anything that holds _______ that is valued can be a plant.






46. Assets - Liabilities - equity - revenues - expenses -






47. 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






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






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






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







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