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






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






3. The transaction side of SAP






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






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






6. Do not have a sales view - Because they are not sold - only finished goods or trading goods are sold.






7. 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






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






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






10. 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






11. Balance sheet - income statement






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






13. 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 -






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






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






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






17. 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






18. Conduct business over the internet






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






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






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






22. Cumulative time required between the supplier receiving the order and order delivery






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






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






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






26. More stringent requirements for financial reporting






27. Material Master records are maintained by: Purchasing - Production - ________ - Sales






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






29. MUST be assigned at Plant level






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






31. 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






32. 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






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






34. 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






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






36. 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






37. 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






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






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






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






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






42. Purchasing organization be assigned to _______ one plant - If you want to use the same purchasing organization by more than one company code - you have to assign the purchasing organization at Plant level






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






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






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






46. Determine which fields are listed.






47. Changing the programming code






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






49. Determining production and order quantities






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