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. Determining production and order quantities






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






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






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






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






6. The lowest valuation area






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






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






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






10. Roadmap: project documentation storage location.






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






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






13. Method for developing a product cost analysis in ERP






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






15. 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






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






17. Run at Plant level






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






19. 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






20. Assets - Liabilities - equity - revenues - expenses -






21. MUST be assigned at Plant level






22. 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






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






24. CO's target audience






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






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






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






28. More stringent requirements for financial reporting






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






30. 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






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






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






33. 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






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






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






36. Standard way of viewing the MRP process on paper






37. Balance sheet - income statement






38. All activities that occur between the growing or mining of raw materials and the finished products






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






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






41. The transaction side of SAP






42. 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






43. 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






44. Conduct business over the internet






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






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






47. G/L Accounts - Vendor Masters General Data - Material Master General Data - Divisions - and Distribution Channels.






48. 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






49. 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






50. 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