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. Determine which fields are listed.






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






3. MUST be assigned at Plant level






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






5. 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






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






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






8. 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






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






10. Differences between actual and standard costs






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






12. Overhead items - Difficult to associate with specific products






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






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






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






16. Links a material to a vendor. / Tells which vendor can provide what materials.






17. 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






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






19. 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.






20. 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 -






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






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






23. Process is associated with the MM module in SAP






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






25. One company code cannot have more than one ________






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






27. CO's target audience






28. 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






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






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






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






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






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






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






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






36. How the data behaves in a field.






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






38. Operating supplies






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






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






41. The transaction side of SAP






42. 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






43. Balance sheet - income statement






44. 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






45. A transaction the occurs between a company and its subsidiary






46. 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






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






48. More stringent requirements for financial reporting






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






50. Maintain Vendor master records







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