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. Setting the defaults of the SAP screen for a company






2. More stringent requirements for financial reporting






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






4. 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






5. Advantages of Using ASP: Affordability - _____________ - Expertise






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






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






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






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






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






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






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






13. 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






14. The org structures in MM: Plant - storage location - __________ - purchasing group - and valuation area.






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






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






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






18. Balance sheet - income statement






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






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






21. 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






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






23. Normal costs of manufacturing a product production and accounting must compare standard costs with actual costs to make account adjustments regularly






24. 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






25. 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






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






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






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






29. 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






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






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






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






33. 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 -






34. Configuration side of SAP






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






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






37. 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






38. Large fluctuations in demand throughout the supply chain caused by a slight change in the number of products sold






39. Run at Plant level






40. Roadmap: project documentation storage location.






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






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






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






44. Production plan for all finished goods - Output for demand management process






45. Changing the programming code






46. MUST be assigned at Plant level






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






48. 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.






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






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