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






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






3. Balance sheet - income statement






4. The lowest valuation area






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






6. 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






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






8. Permanently storing data






9. FI's target audience






10. 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






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






12. 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






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






14. How the data behaves in a field.






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






16. Assets - Liabilities - equity - revenues - expenses -






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






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






19. 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






20. Operating supplies






21. MUST be assigned at Plant level






22. 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






23. 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






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






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






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






27. 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






28. 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






29. Percentage of the order the supplier provided in first shipment






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






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






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






33. Conduct business over the internet






34. Determine which fields are listed.






35. Empty Containers






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






37. This FI org structure is the smallest organizational unit for which accounting can be carried out






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






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






40. The transaction side of SAP






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






42. Method for developing a product cost analysis in ERP






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






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






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






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






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






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






49. 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






50. Project administration: create the project and set up the parameters for the project.- Can create project: Name - description - give person as lead - assign language - and give start and end dates. Set project members and roles. Establish roadmap tem