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. 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






2. 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






3. 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 -






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






5. Maintain Vendor master records






6. 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






7. 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






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






9. One company code cannot have more than one ________






10. FI's target audience






11. 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






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






13. 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






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






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






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






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






18. 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






19. Standard way of viewing the MRP process on paper






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






21. Determine which fields are listed.






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. Determines required quantity and timing of the production or purchase of subassemblies and raw materials needed to support MPS






24. Run at Plant level






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






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






27. Conduct business over the internet






28. Balance sheet - income statement






29. 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.






30. Operating supplies






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






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






33. Overhead items - Difficult to associate with specific products






34. Company Challenges FOR Duet include: Must be using relatively current version of SAP - Must run ___________ - May require use of other SAP products - Growing competition between SAP and Microsoft in ERP software market






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






36. Empty Containers






37. Configuration side of SAP






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






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






40. 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






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






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






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






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






45. 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






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






47. Company - Used to consolidate financial statements of multiple companies.






48. Auditor independence - limits non-audit services an auditor can provide






49. General ledger accounts are created at ________






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