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






2. 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






3. 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






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






5. Roadmap: project documentation storage location.






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






7. 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






8. Benefits of EDI: Costs of paper - printing and posting eliminated - ____________ - Fast and efficient ordering - Suppliers and buyers are "locked" into business relationships






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






10. Balance sheet - income statement






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






12. 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






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






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






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






16. 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






17. Operating supplies






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






19. Permanently storing data






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






21. 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






22. One company code cannot have more than one ________






23. MRP can generate two types of orders: Planned Production Orders - __________ Orders






24. CO's target audience






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






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






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






28. Standard way of viewing the MRP process on paper






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






30. When inventory is sent out before being recorded as received.






31. On the first of every month - you must be able to post transactions - Close and open the books. - Transaction code: ___






32. SAP modules where the purchasing process exists






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






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






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






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






37. The lowest valuation area






38. 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






39. General ledger accounts are created at ________






40. Programming language of the internet that uses tags that define the data contained within them - XML coded data can go directly from web page into database without middleware of needing to be rekeyed into the system - XML users can create customized






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






42. More stringent requirements for financial reporting






43. Time needed for supplier to fill order






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






45. Maintain Vendor master records






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






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






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






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






50. 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







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