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. Permanently storing data






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






4. 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






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






6. 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






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






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






9. Time needed for supplier to fill order






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






11. 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






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






13. Configuration side of SAP






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






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






16. 'Recipe' or list of materials (including quantities) needed to make a product






17. Operating supplies






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






19. MUST be assigned at Plant level






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






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






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






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






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






25. Differences between actual and standard costs






26. FI's target audience






27. 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






28. Run at Plant level






29. 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






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






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






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






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






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






35. Overhead items - Difficult to associate with specific products






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






37. 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






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






39. Maintain Vendor master records






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






41. Conduct business over the internet






42. 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






43. Standard way of viewing the MRP process on paper






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






45. Roadmap: project documentation storage location.






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






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






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






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






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