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. 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






2. How the data behaves in a field.






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






4. 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






5. 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






6. Differences between actual and standard costs






7. 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






8. Standard way of viewing the MRP process on paper






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






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






11. General ledger accounts are created at ________






12. Gathering place for buyers and sellers on the internet






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






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






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






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






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






18. Maintain Vendor master records






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






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






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






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






23. The lowest valuation area






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






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






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






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






28. This FI org structure is the smallest organizational unit for which accounting can be carried out






29. An optional org structure; however - it is required by some businesses. A business area is for analyzing performance and being able to categorize a group of products into one group.






30. 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






31. MUST be assigned at Plant level






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






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






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






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






36. Assets - Liabilities - equity - revenues - expenses -






37. Configuration side of SAP






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






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






40. Empty Containers






41. A trading good has a MRP view - even though it is only purchased - Because a ________ still has to be made.






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






43. External accounting- balance sheet - profit and loss statement - legal requirement - standards -






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






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






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






47. Helps with project management. The four transactions used in here - SOLAR_PROJECT_ADMIN - RMMAIN - SOLAR01 - SOLAR02






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






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






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