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






2. Collection of components that support business transactions over the internet - Modules include: Enterprise Portal - Mobile Infrastructure - Business Intelligence - Master Data Management - and Exchange Infrastructure






3. Time needed for supplier to fill order






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






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






6. 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






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






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






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






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. Provides management of applications for a company over a network






12. Empty Containers






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






14. 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






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. Two company codes in the same company cannot have different






17. 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






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






19. 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






20. Method for developing a product cost analysis in ERP






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






22. FI's target audience






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






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






25. SAP modules where the purchasing process exists






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






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






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






29. 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






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






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






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






33. Determine which fields are listed.






34. Common term in manufacturing for aggregate planning - Disaggregated to generate detailed production schedules - Applies simple capacity-estimating techniques to production plan to test feasibility - Allows planner to see forecast results graphically






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






36. 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






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






38. Overhead items - Difficult to associate with specific products






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






40. One company code cannot have more than one ________






41. Permanently storing data






42. 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






43. Run at Plant level






44. Conduct business over the internet






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






46. A plant does not have to be a [traditional] physical structure - Anything that holds _______ that is valued can be a plant.






47. A record that shows a company's sales costs of sales - and the profit and loss for a period






48. The transaction side of SAP






49. Changing the programming code






50. More stringent requirements for financial reporting






Can you answer 50 questions in 15 minutes?



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