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. Permanently storing data






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






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






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






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






6. 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






7. Roadmap: project documentation storage location.






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






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. Operating supplies






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






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






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






14. Gathering place for buyers and sellers on the internet






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






16. Balance sheet - income statement






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






18. Maintain Vendor master records






19. 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






20. Run at Plant level






21. 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






22. 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






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






24. 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






25. 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






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






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






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






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






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






31. 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






32. Assets - Liabilities - equity - revenues - expenses -






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






34. 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






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






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






37. Changing the programming code






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






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






40. Method for developing a product cost analysis in ERP






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






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






43. 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.






44. 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 -






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






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






47. Determine which fields are listed.






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






49. Tracking technology that uses a small package - or tag - device that includes a microprocessor and antenna that can be attached to products






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