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. 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






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






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






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






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






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






7. Changing the programming code






8. 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






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






10. 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






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






12. 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






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






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






15. Differences between actual and standard costs






16. 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






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






18. Gathering place for buyers and sellers on the internet






19. 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






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






21. Time needed for supplier to fill order






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






23. Method for developing a product cost analysis in ERP






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






25. Determining production and order quantities






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






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






28. Roadmap: project documentation storage location.






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






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






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






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






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






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






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






36. Common term in manufacturing for aggregate planning - Disaggregated to generate detailed production schedules - Applies simple capacity-estimating techniques to production plan to test feasibility - Allows planner to see forecast results graphically






37. 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






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






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






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






41. Combination of software tools that lets various programs within organization communicate with other applications - Also known as Service-Oriented Architecture (SOA) - Offers ability to add new applications quickly - Implementing SOA is not easy - ROI






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






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






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






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






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






47. Balance sheet - income statement






48. Maintain Vendor master records






49. SAP modules where the purchasing process exists






50. 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