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. 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






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






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






4. The transaction side of SAP






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






6. Run at Plant level






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






8. Empty Containers






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






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






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






12. The relationship between the general ledger and the chart of accounts: A general ledger uses a chart of accounts to be able to do ______________.






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






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






15. Do not have a purchasing view. Are not ever purchased - they are manufactured.






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






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






18. 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






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






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






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






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






23. G/L Accounts - Vendor Masters General Data - Material Master General Data - Divisions - and Distribution Channels.






24. More stringent requirements for financial reporting






25. Conduct business over the internet






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






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






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






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






30. Provides management of applications for a company over a network






31. Disadvantages of Using ASP: Security - Bandwidth/Response Time - Flexibility - No frills - Technical - not __________






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






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






35. Process is associated with the MM module in SAP






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






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






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






39. 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






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






41. One company code cannot have more than one ________






42. The lowest valuation area






43. 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






44. Changing the programming code






45. 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






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






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






48. General ledger accounts are created at ________






49. Assets - Liabilities - equity - revenues - expenses -






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







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