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






2. 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






3. Time needed for supplier to fill order






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






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






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






7. 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.






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






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






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






11. 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






12. Conduct business over the internet






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






14. Empty Containers






15. 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






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






17. The transaction side of SAP






18. More stringent requirements for financial reporting






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






20. MUST be assigned at Plant level






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






22. 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






23. Assets - Liabilities - equity - revenues - expenses -






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






25. Entities that represent the structure of the company and how it's made and how it's used. It's the framework for everything.






26. General data is stored at the client level - company code is stored at FI - and purchasing data is stored at purchasing level. Client level: Address - communication - ____________. Company code level: Payment transactions and account management. Purc






27. Maintain Vendor master records






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






29. Specifies only how information will look when viewed through browser - ERP systems now accept data in XML format - Streamlines data entry - reduces errors and reduces server loads - XML is very attractive to smaller companies because it allows data t






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






31. 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






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






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






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






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






36. 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.






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






38. A transaction the occurs between a company and its subsidiary






39. Operating supplies






40. Determining production and order quantities






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






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






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






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






45. The lowest valuation area






46. On the first of every month - you must be able to post transactions - Close and open the books. - Transaction code: ___






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






48. 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






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






50. 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 -