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






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






3. 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






4. 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






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






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






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






8. Changing the programming code






9. 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.






10. Run at Plant level






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. Gathering place for buyers and sellers on the internet






13. How the data behaves in a field.






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






15. Ability to view the details behind the summary of information - Direct links between financial statements and individual transactions that make up statements - Fraud and abuse can be detected more easily






16. Use of internet technologies for procurement activities - Benefits: Less expensive to use the internet than private EDI networks - Purchasing costs further reduced as suppliers compete for orders






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






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. Conduct business over the internet






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






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






22. SAP modules where the purchasing process exists






23. CO's target audience






24. 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






25. 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






26. Helps with project management. The four transactions used in here - SOLAR_PROJECT_ADMIN - RMMAIN - SOLAR01 - SOLAR02






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






28. Intermediary internet-based network run by an outside EDI provider






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






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






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






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






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






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






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






36. 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






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






38. Affects financial position of entity can measure in $ - affects atleast 2 accounts - debits = credits






39. The transaction side of SAP






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






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






42. Assets - Liabilities - equity - revenues - expenses -






43. 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






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






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






46. MUST be assigned at Plant level






47. Balance sheet - income statement






48. All activities that occur between the growing or mining of raw materials and the finished products






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






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







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