ERP - Exam 1 - Chapter 4 - MC
30. To complete a vendor payment which of the following types of data must be included on the vendor master? a. Payment terms b. Payment method c. Date d. Payment address e. Amount,
Answer: a, b, d
11. Which of the following data categories are included in a purchasing info record? a. Freight b. Discounts c. Material number d. Vendor address e. Texts
Answer: a, b, e
25. What are the key stock types (statuses) utilized in purchasing based on usability of materials? a. Unrestricted use b. Stock in transit c. Stock on order d. Stock in storage e. Blocked stock,
Answer: a, b, e
23. Which transaction documents are included in a purchase order? a. Requisition b. RFQ c. Quotation d. Conditions e. Vendor
Answer: a, b, c
7. Which of the following are master data that are related to the purchasing process? a. Material master b. Vendor master c. Vendor info records d. Purchasing organization e. Customer master
Answer: a, b, c
14. Which of the following are account assignment categories? a. Asset b. Order c. Cost center d. Sales order e. Project
Answer: a, b, c, d, e
19. Which of the following are key documents in purchasing? a. Material documents b. Fl documents c. CO documents d. Purchase order e. Invoice
Answer: a, b, c, d, e
24. SAP can utilize which of the following forms of media to communicate with a vendor? a. Print b. E-mail c. EDI d. Web services e. Fax
Answer: a, b, c, d, e
31. Which organizational processes interact with procurement? a. Project management b. Material planning c. Fulfillment (sales) d. Management accounting e. Financial accounting
Answer: a, b, c, d, e
13. Which of the following are material types? a. Consumable material b. Raw material c. Packaging d. Consignment material e. Non-valuated material
Answer: a, b, c, e
18. Which of the following are consequences of the goods receipt step in the procurement process? a. A material document is created b. An accounting document is created c. The purchase order history is updated d. The document flow is updated e. The material master is updated
Answer: a, b, c, e
10. Which G/L accounts are impacted by the invoice verification step of the procurement process? a. Accounts payable b. Goods receipt / invoice receipt account c. Inventory account d. Vendor account e. Bank account
Answer: a, b, d
17. A purchase order can be created with reference to which of the following? a. Purchase order b. Purchase requisition c. Purchase info record d. RFQ e. Sales order
Answer: a, b, d
4. Which of the following statements about purchasing organizations are correct? a. They negotiate conditions of purchase with vendors b. They can purchase only for one company c. They can purchase for multiple plants d. They can purchase for multiple plants but they must be within the same company code e. They identify a buyer or a group of buyers,
Answer: a, c
5. A purchase order can be sent to which of the following? a. A vendor b. A customer c. A plant d. A purchasing organization e. A purchasing group
Answer: a, c
2. Which of the following statements about storage locations are true? a. A storage location must be assigned to a plant b. A storage location can be assigned to more than one plant c. A client can have more than one storage location d. A plant can have more than one storage location e. A storage location can hold only materials with a stock status of unrestricted use
Answer: a, c, d
26. Which of the following documents are required for the invoice verification step of the procurement process? a. Vendor invoice b. Purchase requisition c. Purchase order d. Material document e. Material master
Answer: a, c, d
29. Which of the following tasks are performed during the payment step? a. Selecting method of payment b. Updating master data c. Selecting invoice items d. Verifying an invoice e. Calculating the payment amount
Answer: a, c, e
15. Materials designated as __________ can be withdrawn only for sampling or for scrap. a. Goods movement b. In-quality inspection c. Blocked stock d. Material document e. Purchase info record
Answer: b, c
32. Standard reporting tools in the transaction system are used to generate which of the following? a. Picking lists b. Online lists c. Work lists d. Inventory lists
Answer: b, c
9. Which G/L accounts are impacted by the goods receipt step of the procurement process? a. Accounts payable b. Goods receipt / invoice receipt account c. Inventory account d. Vendor account e. Band account
Answer: b, c
12. Data from which of the following sources are automatically included in a purchase order? a. Vendor info record b. Purchasing info record c. Material master d. Vendor master e. Purchasing organization
Answer: b, c, d
16. Material documents consist of a header and an items section. Which of the following are included in the items section? a. Document number b. Movement type c. Material number d. Storage location e. Document date
Answer: b, c, d
6. Data for source determination are obtained from: a. A purchase order b. Purchase info records c. A source list d. Contracts and agreements e. The vendor master record
Answer: b, c, d
22. Which of the following organizational data are required when creating a purchase order? a. User input b. Purchase Requisition c. RFQ d. Quotation e. Purchase order
Answer: b, c, d, e
28. Which of the following data are needed for invoice verification? a. Company code b. Purchase order c. Material document d. Invoice e. User input
Answer: b, c, d, e
8. Which of the following are methods of valuing materials? a. Actual price b. Standard price c. Purchasing price d. Moving (average) price e. Selling price
Answer: b, d
27. Which of the following are consequences of the invoice verification step of the procurement process? a. A material document is created b. An accounting document is created c. The purchase order history is updated d. G/L accounts are updated e. The sales order is updated
Answer: b, d, c
20. Which of the following organizational data are required when creating a purchase requisition? a. Sales organization b. Company code c. Storage location d. Purchasing organization e. Purchasing group
Answer: b, d, e
1. Which of the following are organizational elements in purchasing? a. Shipping point b. Company code c. Vendors d. Materials e. Plant
Answer: b, e
3. Which of the following are organizational elements in purchasing? a. Sales organization b. Purchasing area c. Plant d. Vendor e. Storage location
Answer: c, e
21. Which steps are involved in converting a purchase requisition into a purchase order? a. Source list b. Outline purchase agreement c. Storage location d. Request for quotation e. Quotation
Answer: d, e
