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. Configuration side of SAP






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






3. 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






4. 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.






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






6. 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






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






8. Empty Containers






9. Gathering place for buyers and sellers on the internet






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






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






12. 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






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






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






15. Method for developing a product cost analysis in ERP






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






17. 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






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






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






20. Detailed plan of what is to be produced - considering machine and labor capacity






21. Balance sheet - income statement






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






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






24. Conduct business over the internet






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






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






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






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






29. Overhead items - Difficult to associate with specific products






30. 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






31. Assets - Liabilities - equity - revenues - expenses -






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






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






34. Business blueprint: sets up the templates of the transaction codes that are to be used for the project.






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






36. Inventory control - shipping - and packaging.






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






38. 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






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






40. 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






41. Includes cost of buying and handling inventory - processing orders - and IS support






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






43. 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 -






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






45. Run at Plant level






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






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






48. The amount of an item that can be produced - Plans should consider available capacity






49. Permanently storing data






50. 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