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. 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






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






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






4. 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






5. Time needed for supplier to fill order






6. 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






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






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






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






10. Preset limits on an employee's ability to post transactions - SAP offers ability to set limits on the dollar value for a single item in a document as well as the total value of document






11. Inventory control - shipping - and packaging.






12. 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






13. Overhead items - Difficult to associate with specific products






14. 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






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






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






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






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






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






20. Affects financial position of entity can measure in $ - affects atleast 2 accounts - debits = credits






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






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






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






24. FI's target audience






25. 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






26. 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






27. 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






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






29. Permanently storing data






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






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






32. Gathering place for buyers and sellers on the internet






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






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






35. Process of developing a prediction of future demand for a product






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






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






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






39. Assets - Liabilities - equity - revenues - expenses -






40. 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






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






42. How the data behaves in a field.






43. More stringent requirements for financial reporting






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






45. 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






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






47. CO's target audience






48. MUST be assigned at Plant level






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






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