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






2. Determine which fields are listed.






3. Run at Plant level






4. 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






5. Process of breaking down the production plan into finer time units to meet individual product demand






6. Differences between actual and standard costs






7. 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 -






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






9. 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






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






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






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






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






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






15. 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






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






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






18. Gathering place for buyers and sellers on the internet






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






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






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






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






23. Client - company - company code - chart of accounts - fiscal year variant - and credit control area.






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






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






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






27. Balance sheet - income statement






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






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






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






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






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






33. Roadmap: project documentation storage location.






34. 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






35. Time between paying for raw materials and collecting cash from customer






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






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






38. 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






39. Determining production and order quantities






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






41. 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






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






43. Permanently storing data






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






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






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






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






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






49. The ________ for the purchasing process exists in MM and FI: they use the G/L accounts for purchasing.






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