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. A transaction the occurs between a company and its subsidiary






2. 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






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






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






5. Gathering place for buyers and sellers on the internet






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






7. 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






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






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






10. 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.






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






12. The entities within a business process that are used repeatedly; they help the business process to flow.






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






14. Process is associated with the MM module in SAP






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






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






17. SAP modules where the purchasing process exists






18. 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






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






20. 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






21. 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 -






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






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






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






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






26. Inventory control - shipping - and packaging.






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






28. Time needed for supplier to fill order






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






30. Roadmap: project documentation storage location.






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






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






33. 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






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






35. CO's target audience






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






37. Maintain Vendor master records






38. Permanently storing data






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






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






41. 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






42. The amount of an item that can be produced - Plans should consider available capacity






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






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






45. Overhead items - Difficult to associate with specific products






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






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






48. 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






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






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