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






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






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






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






5. Assets - Liabilities - equity - revenues - expenses -






6. Inventory control - shipping - and packaging.






7. 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






8. 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






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






10. 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






11. 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






12. Gathering place for buyers and sellers on the internet






13. Process is associated with the MM module in SAP






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






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






16. 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






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






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






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






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. 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






22. The prerequisites for MRP: It has to be ________. - The MRP views in the material master have to have been established.






23. 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






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






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






26. Communication and sales between business and the buying public - Popularly - but incorrectly - thought of as the most common form of e-commerce






27. How the data behaves in a field.






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






29. Time needed for supplier to fill order






30. Changing the programming code






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






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






33. Permanently storing data






34. Client - company - company code - chart of accounts - fiscal year variant - and credit control area.






35. 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






36. Roadmap: project documentation storage location.






37. To value inventory and a set time of year.






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






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






40. 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






41. FI's target audience






42. General ledger accounts are created at ________






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






44. Maintain Vendor master records






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






46. 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






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






48. 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






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






50. SAP modules where the purchasing process exists