320 Final Exam

Which of the following statements about the goods receipt step are NOT true? a. it results in a decrease in inventory b. it can occur during the procurement process c. it can result in the creation of material and financial accounting documents d. materials are placed in an appropriate storage location with an appropriate status e. it can occur during the production process

a. it results in a decrease in inventory

Which process uses historical data and sales forecasts to plan which materials will be procured and produced? a. material planning b. procurement process c. production process d. fulfillment process e. lifecycle

a. material planning

If a company has adopted the make to stock strategy, what is the trigger for the production of goods? a. need to increase inventory b. customer order c. request for quotation d. customer inquiry e. billing document

a. need to increase inventory

How many company codes can a plant belong to? a. one b. two c. three d. any number

a. one

Within the financial structure, typical functions or departments found in a modern organization include which of the following....? choose all that apply a. purchasing b. operations c. internships d. finance e. marketing

a. purchasing b. operations d. finance e. marketing

Which of the following statements about business processes is true? a. they are executed across multiple functions b. they are initiated by some type of trigger c. they involve multiple steps d. all of the above e. none of the above

d. all of the above

The key link between inventory management and warehouse management are? a. transfer orders b. storage locations c. transfer postings d. association of storage locations to a warehouse e. storage sections

d. association of storage locations to a warehouse

Which term relates to the technical capabilities that allow systems to connect with one another through standardized interfaces called Web services? a. enterprise resource planning b. supply chain management c. architecture d. service oriented architecture e. none of the above

d. service oriented architecture

Which of the following goods movements need not involve a physical movement of materials? a. goods receipt b. goods issue c. stock transfer d. transfer posting e. none of the above

d. transfer posting

After the step of issuing goods into production, what G/L accounts are updates? choose 2 a. inventory account is debited b. inventory account is credited c. manufacturing output settlement account is debited d. manufacturing output settlement account is credited e. RM consumption expenses account is debited

?

After the step of receiving finished goods into inventory in a production process, what G/L accounts are updated? choose 2 a. inventory account is debited b. inventory account is credited c. manufacturing output settlement account is debited d. manufacturing output settlement account is credited e. RM consumption expenses account is debited

?

What does SOP stand for? a. Sales and operations planning b. Strategic operations planning c. Sales operations planner d. Systems operations products e. Sales operations projects

a. Sales and operations planning

Which G/L accounts are impacted by the invoice verification step of the procurement process? choose 2 a. accounts payable b. goods receipt / invoice receipts account c. inventory account d. vendor account e. bank account

a. accounts payable b. goods receipt / invoice receipts account

In accounts receivable accounting, which general ledger accounts are affected? choose 3 a. accounts receivable reconciliation b. sales revenue c. bank d. supplies expense

a. accounts receivable reconciliation b. sales revenue c. bank

Material master data are grouped into views. Which of the following are used in fulfillment? choose 3 a. basic data b. client data c. sales organization d. warehouse data e. sales plant data

a. basic data c. sales organization e. sales plant data

Which term represents a set of tasks or activities that produce desired outcomes? a. business process b. trigger c. outcome d. enterprise resource planning e. none of the above

a. business process

Which of the following are key organizational data relevant to the production process? choose 4 a. company code b. credit control area c. client d. storage location e. plant

a. company code c. client d. storage location e. plant

Which of the following are key organizational elements in materials planning? choose 3 a. company code b. shipping point c. plant d. storage location e. sales area

a. company code c. plant d. storage location

Which accounts are updated when payment is received from customers in the fulfillment process? choose 2 a. debit to bank account b. credit to bank account c. debit to account receivables d. debit to customer account e. credit to customer account

a. debit to bank account e. credit to customer account

The three segments into which the data in the customer master are divided are..... choose 3 a. financial accounting data b. sales area data c. management financial data d. general data e. basic data

a. financial accounting data b. sales area data d. general data

Which processes track the financial impacts of business operations? choose all that apply a. financial accounting processes b. project management process c. management accounting or controlling processes d. material planning process e. procurement process

a. financial accounting processes c. management accounting or controlling processes

Setup time, processing time, and inter operation time are elements of? a. in house production time b. goods issue processing time c. planned delivery time d. goods receipt processing time e. planned shipping time

a. in house production time

Which of the following are master data that are related to the purchasing process? choose 3 a. material master b. vendor master c. purchasing info records d. purchasing organization e. customer master

a. material master b. vendor master c. purchasing info records

Which of the following are used to represent the structure of an enterprise? a. organizational data b. project management c. client d. plant e. lifecycle data management

a. organizational data

Requirements that are calculated based on actual and forecasted sales are known as? a. planned independent requirements b. customer planned independent requirements c. integrated independent requirements d. forecast independent requirements e. customer independent requirements

a. planned independent requirements

Which of the following organizational levels is NOT relevant to the fulfillment process? a. purchasing organization b. shipping point c. storage location d. sales area e. plant

a. purchasing organization

Which of the following are components of the fulfillment (sell) process? choose all that apply a. sales b. operations c. warehouse d. accounting e. production

a. sales c. warehouse d. accounting e. production

Which of the following key organizational elements are unique to the fulfillment process? choose 3 a. sales area b. credit control area c. client d. shipping point e. plant

a. sales area b. credit control area d. shipping point

Which of the following tasks are performed during the payment step? choose 3 a. selecting method of payment b. updating master data c. selecting invoice items d. verifying an invoice e. calculating the payment amount

a. selecting method of payment c. selecting invoice items e. calculating the payment amount

A client would like an understanding of the shipping process in Sales Order Management. During your explanation, you tell them the shipping process begins with which of the following? a. when you create a delivery document b. when you create a transfer requirement c. when you post a goods issue d. when you create an inquiry e. when you create a sales order

a. when you create a delivery document

Material planning is concerned with answering which basic questions? choose 3 a. which planning version should the company choose? b. what materials are required? c. what is the shortest time required for completing the planning? d. what are the materials required? e. how many materials are required?

a. which planning version should the company choose? d. what are the materials required? e. how many materials are required?

The master data relevant to the production process are? choose 3 a. work centers b. material master c. bills of material d. client e. company code

a. work centers b. material master c. bills of material

Which of the following is a key process in financial accounting? a. sales order processing b. accounts receivable accounting c. credit management d. income verification e. all of the above

b. accounts receivable accounting

Which of the following are master data relevant to material planning? choose 2 a. storage location b. bills of material c. material master d. planning version e. production version

b. bills of material c. material master

Which of the following are organizational data in purchasing? choose 2 a. shipping point b. company code c. vendors d. materials e. plant

b. company code e. plant

Which step in the production process is used to enter date into the SAP ERP system when the operations needed to produce a material are completed? a. production note b. confirmation c. order complete d. production record e. production outcome

b. confirmation

Which of the following are examples of master data in SAP? choose all that apply a. client b. customer c. purchasing organization d. vendor e. plant

b. customer d. vendor

A three tier architecture includes which of the following components? choose all that apply a. operating system layer b. data layer c. presentation layer d. application layer e. network layer

b. data layer c. presentation layer d. application layer

Which G/L accounts are impacted by the goods receipt step of the procurement process? choose 2 a. accounts payable b. goods receipt / invoice receipt accounts c. inventory accounts d. vendor account e. band account

b. goods receipt / invoice receipt accounts c. inventory accounts

The proposals that material planning generates typically are in the form of? choose 2 a. a planning proposal b. planned orders c. a material order list d. purchase requisitions e. purchase list

b. planned orders d. purchase requisitions

Which master data do companies use to determine the prices of their products? a. price comparison b. pricing conditions c. selling price d. wholesale price e. tax allowances

b. pricing conditions

Which of the following is an intersection or combination of material data and vendor data? a. condition type b. purchasing info record c. stock transfer d. third part order e. search term

b. purchasing info record

What is the final step in the fulfillment process? a. delivery of goods to the customer b. receipt of payment from the customer c. receipt of a customer purchase order d. receipt of goods from a vendor e. picking goods for shipment

b. receipt of payment from the customer

Which of the following facilitates the integration between vendor master data and financial accounting? a. vendor account number b. reconciliation account c. accounts payable number d. material number e. accounts receivable number

b. reconciliation account

Which term refers to all of the activities involved in buying or acquiring the materials used by the organization, such as raw materials needed to make products? a. materials planning b. the procurement process c. production process d. fulfillment process e. life cycle data management

b. the procurement process

Which item category would you use to have your vendor ship goods directly to your customer? a. consignment b. third party c. stock transfer d. standard e. transfer posting

b. third party

When does a debit posting take place? choose 2 a. when assets ans expenses decrease b. when assets and expenses increase c. when revenue and liabilities decrease d. when revenue and liabilities increase

b. when assets and expenses increase c. when revenue and liabilities decrease

Assume GBI has 800 road helmets in San Diego plant that is warehouse enabled. They received an order of 100 road helmets and a fulfillment process using SAP ERP is initiated to fulfill this order. After confirming transfer order, how many units of road helmets in warehouse bins and interim shipping area in the warehouse? a. 800 road helmets in warehouse bins and 0 road helmets in interim shipping area b. 700 road helmets in warehouse bins and 0 road helmets in interim shipping area c. 700 road helmets in warehouse bins and 100 road helmets in interim shipping areas d. 800 road helmets in warehouse bins and 100 road helmets in interim shipping area e. 900 road helmets in warehouse bins and 0 road helmets in interim shipping area

c. 700 road helmets in warehouse bins and 100 road helmets in interim shipping areas

Which of the following best describes a work center? a. a location where materials are placed right before they are shipped b. another term used to describe an office building c. a location where value added work needed to produce a material is carried out d. a shipping doc

c. a location where value added work needed to produce a material is carried out

All of the following are examples of a shipping point except... a. a rail depot b. a loading dock c. a storage rack d. a mail room e. a designated group of employees

c. a storage rack

Which one of the following is NOT an example of using transfer postings? a. changing the material status from consignment to warehouse stock b. changing the material number of a material c. changing the materials storage location d. changing the status of materials in stock e. changing the type of materials in stock

c. changing the materials storage location

Which system supports business processes end to end? a. management system b. accounting system c. enterprise system d. functional structure e. document system

c. enterprise system

Which process tracks the financial impact of process steps with the goal of meeting legal reporting requirements? a. human capital management b. project management c. financial accounting d. management accounting or controlling e. none of the above

c. financial accounting

In warehouse management steps associates with the procurement process, the warehouse inventory is calculated as sum of the inventory in the following places. a. storage sections and storage areas b. warehouse bins and storage sections c. interim storage areas and warehouse bins d. storage locations and storage sections e. storage locations and storage areas

c. interim storage areas and warehouse bins

Which term is a general ledger account that consolidates data from a group of related sub ledger accounts? a. subsidiary ledger b. sub ledger c. reconciliation account d. line item display e. none of the above

c. reconciliation account

A sales area is a unique combination of which of the following elements? choose 3 a. client b. company code c. sales organization d. distribution channel e. division

c. sales organization d. distribution channel e. division

Which of the following represents the hierarchy of a warehouse? a. warehouse, storage section, storage type, storage bin b. warehouse, storage bin, storage section, storage type c. warehouse, storage type, storage section, storage bin d. warehouse, storage section, storage bin, storage type e. warehouse, storage type, storage bin, storage section

c. warehouse, storage type, storage section, storage bin

Which of the following statements about MRP and MPS are TRUE? choose 2 a. MPS calculates requirements for all the levels of BOM b. MRP calculates requirements only for the first level items in the BOM c. Both MRP and MPS calculate requirements based on historical data only d. MRP calculates requirements for all levels of the BOM e. MPS calculates requirements only for the first level items in the BOM

d. MRP calculates requirements for all levels of the BOM e. MPS calculates requirements only for the first level items in the BOM

Which of the following is not a step in the production process? a. production authorization b. goods issue c. request production d. billing e. production order release

d. billing

Which term refers to an ordered listing of accounts that comprise a company's general ledger? a. general ledger b. balance sheet c. bank ledger d. chart of accounts e. none of the above

d. chart of accounts

What is the final step of the procurement process? a. invoice b. purchase requisition c. purchase order d. payment e. none of the above

d. payment

The most important reporting tool in material planning is the? a. planing result report b. MRP list c. stock overview d. stock/requirements list e. strategies list

d. stock/requirements list

Shelf storage, pallet storage, and rack storage are examples of? a. storage bins b. warehouses c. storage sections d. storage types e. none of these

d. storage types

Which of the following represents the document used to plan the movement of materials into and out of bins in a warehouse? a. transfer list b. transfer request c. transfer plan d. transfer order e. transfer requirement

d. transfer requirement

Which of the following statements best represents what procurement type indicates? a. how a material is produced b. vendors groups c. all of the ways to procure a material the user will choose from when making a decision d. whether a material is produced in house, obtained externally, both or none e. how a vendor will be chosen in the procurement process

d. whether a material is produced in house, obtained externally, both or none

What is a stock transfer used for? a. To change the status or type of materials in stock b. To show material movements when a material is received in the warehouse from the vendor's location c. To indicate that a material-to-material change has been posted d. To physically move materials from a storage location to the client's warehouse e. To physically move materials within the enterprise from one organizational level or location to another

e. To physically move materials within the enterprise from one organizational level or location to another

All of the following can serve as a work center except a. a group of machines b. a group of people responsible for completing operations c. a production line d. a work area e. a shipping dock

e. a shipping dock

What term identifies the list of materials needed to produce one or more units of a finished good? a. routing b. source materials c. component listing d. bill of components e. bill of materials

e. bill of materials

Data in the vendor master are grouped into which three segments? a. general data, storage data, and purchasing data b. general data, storage data, and inventory data c. storage data, accounting data, and purchasing data d. storage data, accounting data, and pricing data e. general data, accounting data, and purchasing data

e. general data, accounting data, and purchasing data

The key organizational level associated with inventory management is? a. plant b. company code c. storage section d. storage area e. storage location

e. storage location