MIS 320 Exam Chapter 1-4
All
SAP can utilize which of the following media to communicate with a vendor?
T
Service-oriented architecture (SOA) is the fundamental concept behind systems connecting through standardized interfaces called Web services.
F
Supply chain management (SCM) systems help companies execute the processes of research, design, and product management.
T
The architecture of an enterprise system refers to the technical structure of the software, how users interact with the software, and how the software is physically managed on computer hardware.
T
The balance sheet is a snapshot of the organization at a point in time.
T
The enterprise level purchasing organization is also known as the cross company code purchasing organization.
F
The financial accounting process focuses on internal reporting to manage costs and revenues.
F
The four most common material types are raw materials, semi-finished goods, finished goods, and exported goods.
T
The fulfillment process (sell) consists of all the steps involved in selling and delivering the products to the organization's customers.
T
The general ledger is used to record the financial impacts of business process steps.
Client
The highest organizational level in SAP ERP is the
T
The lifecycle data management (design) process supports the design and development of products from the initial product idea stage through the discontinuation of the product.
T
The material master includes a large amount of data because it is used in numerous processes.
F
The material master is the most commonly used organizational data in an enterprise.
F
The material planning process is used to maintain internal assets such as machinery and to delivery after-sales customer services such as repairs.
T
The most common organizational structure within modern organizations is the functional structure.
T
The procurement process includes all of the tasks involved in acquiring needed materials.
F
The three layers of the "three-tier client-server architecture" are the presentation layer, windows layer, and data layer.
F
A list of accounts that can be included in a general ledger is called master data.
T
A plant can be a factory, a warehouse, a regional distribution center, or a service center.
T
Accounts receivable accounting is concerned with customers.
False
Accounts receivable is used to track money that is owed to vendors.
F
Assets are monies the company earns by selling its products and services.
T
Enterprise resource planning (ERP) focuses on the internal operations of an organization.
F
Expenses are what the company owes to others, including money owed to vendors and loans from financial institutions.
T
Management accounting helps an organization track costs and revenues to assess its profitability
F
Management accounting, or controlling (CO), is intended primarily for audiences outside the organization.
Project Management
Which process is used to plan and execute large projects such as the construction of a new factory or the production of complex products such as airplanes?
Lifecycle Data Management
Which process supports the design and development of products from the initial product idea stage through the discontinuation of the product?
Financial Accounting
Which process tracks the financial impact of process steps with the goal of meeting legal reporting requirements?
Material Planning
Which process uses historical data and sales forecasts to plan which materials will be procured and produced?
T
A chart of accounts (COA) is an ordered listing of accounts that comprise a company's general ledger.
F
A client represents each company within an enterprise.
F
A company code is the highest organizational level in SAP ERP.
Negotiating contracts and agreements
A purchasing group is an individual or a group of individuals who are responsible for all of the following except
Determining storage locations within the plant
A purchasing organization is involved in all of the following operations except
F
A stock transfer does not involve a change in storage location.
T
A storage location is a key organizational element in purchasing.
T
Accounting processes are broadly divided into two main categories: financial accounting and management accounting.
T
Accounts payable accounting is concerned with vendors.
F
Accounts payable accounting is not associated with the procurement process.
F
Accounts payable is used to track money owed by customers.
F
An enterprise system is a set of tasks or activities that produce desired outcomes.
F
An increase in an asset account or an expense account results in a credit posting.
F
An increase in revenue or liability results in a debit posting.
F
Business areas are external departments of an enterprise that are used to define areas of responsibility or to meet the internal requirements of a division.
T
Financial accounting (Fl) is concerned with recording the financial impacts of business processes as they are executed.
One
How many company codes can a plant belong to?
F
Information systems that support end-to-end processes are called business processes.
Finished Goods
Materials that are created by the production process from other materials are referred to as _____________
Raw Materials
Materials that are purchased from an external source (a vendor) and used in the production process are known as ______________
T
Organizational data are used to represent the structure of an enterprise.
logistics information system
Purchasing information systems are a component of which system?
F
Trading goods (HAWA) are resold to customers after they have been modified by the company.
The place within a plant where materials are kept until they are needed
What is a storage location?
Payment
What is the final step of the procurement process?
Request Production
What is the first step of the production process?
Trading Goods
What type of materials is purchased from a vendor?
T
When you access the Internet, your browser is the presentation layer.
3rd party
Which item category would you use to have your vendor ship goods directly to your customer?
Vendor
Which item is included in the header of a purchase order?
Contains the operational accounts that are used to record the financial impact of an organization's day-to-day transactions
Which of the following best describes the operative chart of accounts?
Work Lists
Which of the following identify tasks that are scheduled to be completed in a process?
Accounts receivable accounting
Which of the following is a key process in financial accounting?
Inventory and warehouse management (IWM)
Which of the following is concerned with the storage and movement of materials?
Web Services
Which of the following is used to integrate several client-server applications and create enterprise mash-ups, or composite applications?
Financial statement
Which of the following is used to report data needed to meet legal and regulatory requirements?
Organization Data
Which of the following is(are) used to represent the structure of an enterprise?
Financial accounting document
Which of the following records the impact of a transaction step on financial accounting?
It is an end-to-end enterprise system
Which of the following statements about SAP ERP is true?
A plant can be assigned to more than one company code
Which of the following statements about a plant is not true?
Product Lifecycle Management (PLM)
Which of the following systems helps companies administer the processes of research, design, and product management?
Plant
Which of the following terms refers to an organizational element that performs multiple functions and is relevant to several processes?
Client Level
Which one of the following is not a model of the purchasing organization?
Sales Master
Which one of the following is not one of the data types that are relevant to the purchasing process?
HCM
Which process focuses on people within an organization and includes functions such as recruiting, hiring, training, and benefits management?
Production Process
Which process involves the actual creation of the products?
Bank Ledger Accounting
Which process is concerned with recording data associated with bank statements?
Accounts receivable accounting
Which process is used to manage money owed by customers for goods and services purchased from the company?
SAP NetWeaver
Which program is the "operating system" for an entire company's business processes?
Customer Relationship Management (CRM)
Which system connects a company's ERP system to those of its customers?
Enterprise Systems
Which system supports business processes end to end?
Silo Effect
Which term refers to a system in which workers complete their tasks in separate departments without regard to the consequences for the other components of the process?
Procurement Process
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?
COA
Which term refers to an ordered listing of accounts that comprise a company's general ledger?
cross-functional
Which term refers to business processes that are not executed by a single group or function?
architecture
Which term refers to the technical structure of the software, how users interact with the software, and how the software is physically managed on computer hardware?
Business Process
Which term represents a set of tasks or activities that produce desired outcomes?
Expenses
Which term represents the costs associated with creating and selling products and services?
Revenue
Which term represents the monies a company earns by selling its products and services?
Liabilities
Which term represents what a company owes to others, including money owed to vendors and loans from financial institutions?
Assets
Which term represents what a company owns, such as cash, inventory of materials, and buildings?
T
Within accounts receivable accounting, when a payment is made the bank account is debited and the appropriate customer account is credited.
Each plant has its own purchasing organization
Within the plant-level purchasing organization, also known as a plant-specific purchasing Organization,
T
Within the production process, the issuing of raw materials takes place in the warehouse.
Material Planning
___________ is concerned with matching the demand for materials in the organization with the supply.
Business areas
____________ are internal divisions of an enterprise that are used to define areas of responsibility or to meet the external reporting requirements of an enterprise segment.
Financial Accounting
____________ is concerned with recording the financial impacts of business processes as they are executed.
Lifecycle Data Management
_____________enables an organization to optimize its product development process, from design to market, while ensuring that it complies with industry, quality, and regulatory standards?
Transaction Data
____________reflect(s) the consequences of executing process steps.
