ERP Test 1

What is the final step in the fulfillment process?

Receipt of payment from the customer

Which term represents the monies a company earns by selling its products and services?

Revenue

Which program is the "operating system" for an entire company's business processes?

SAP NetWeaver

Which one of the following is not one of the data types that are relevant to the purchasing process?

Sales master

Which of the following is not a mode of acquiring an asset for a company?

Selling equipment

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?

Silo Effect

A company can use which of the following to select a vendor from a list of potential suppliers?

Source list

Which type of asset has a physical form?

Tangible asset

Which element of the payment step includes selecting a bank?

Task

Which element of the requirements determination process involves the requisition creation?

Task

What is known as a Storage location?

A place within a plant where materials are kept until they are needed

Which of the following statements about a plant is NOT true?

A plant can be assigned to more than one company code

Which process is used to manage money owed by customers for goods and services purchased from the company?

Accounts receivable accounting

Which terms represents what a company owns, such as cash, inventory of materials, and buildings?

Assets

Which of the following organizational levels is associated with the method used to distribute materials to a customer?

Distribution channel

Which of the following organizational levels is associated with a company's product line?

Division

Which term represents the costs associated with creating and selling products and services?

Expenses

Which process tracks the financial impact of process steps with the goal of meeting legal reporting requirements?

Financial Accounting

Which of the following terms refers to materials with similar characteristics?

Material Group

Which of the following master data is used in numerous processes?

Material Master

Financial accounting (FI) documents, management accounting or controlling (CO) documents, and material documents are referred to as

Virtual Documents

What document is NOT created during the billing step of the fulfillment process if profitability analysis is active?

material document

A purchasing group is an individual or a group of individuals who are responsible for all but one of the following

negotiate contracts and agreements

Which of the following is an intersection or combination of material and vendor data

purchasing info record

Output conditions include all of the following types of data except

Output mode

Which of the following is used to implement multiple ledgers and use each ledger for different purposes?

Parallel Accounting

What is the final step of the procurement process?

Payment

Which process is concerned with recording data associated with bank statements?

Bank ledger accounting

Which of the following are materials acquired to be consumed or used within the organization?

Consumable materials

Which type of asset has a non-physical form?

Intangible asset

In the fulfillment process, a plant is

A facility from which the company delivers products and services to its customers

Which of the following statements regarding the fulfillment process is NOT true?

A sales order must be created with reference to a quotation

All of the following are examples of a shipping point except

A storage rack

Which of the following is a key process in financial accounting?

Accounts receivable accounting

SAP can utilize which of the following media to communicate with a vendor?

All of the above

Which of the following is a form of data within the goods receipt step?

All of the above

Which of the following statements about business processes is true?

All of the above

All of the following are transaction types that occur during the life of an asset except

Allocation

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?

Architecture

Which of the following categories are used when the company acquires a fixed asset?

Asset

Material master data are grouped into views. Which one of the following combination of views is relevant to the fulfillment process?

Basic data, sales organization data, sales plant data

Financial statements can be generated from which of the following?

Both operative and country-specific COAs

Which term represents a set of tasks or activities that produce desired outcomes?

Business Process

Which term refers to an ordered listing of accounts that comprise a company's general ledger?

Chart of accounts (COA)

The highest organizational level in SAP ERP is the

Client

Which one of the following is not a model of the purchasing organization?

Client Level

Which of the following best describes the operative chart of accounts?

Contains the operational accounts that are used to record the financial impact of an organization's day-to-day transactions

Which term refers to business processes that are not executed by a single group or function?

Cross-Functional

Which system connects a company's ERP system to those of its customers?

Customer Relationship Management (CRM)

Which of the following is NOT a document in Purchasing?

Delivery document

A Purchasing Organization is involved in all but one of the following operations?

Determine storage locations within the plant

provides tools to manage and store documents securely and to keep track of the multiple versions of these documents?

Document Management

Materials that are created by the production process from other materials are referred to as

Finished Goods (FERT)

Which one of the following is the correct group of segments of the vendor master?

General data, accounting data, and purchasing data

The shipping step concludes with

Goods issue

Which process focuses on people within an organization and includes functions such as recruiting, hiring, training, and benefits management?

Human Capital Management (HCM)

Which of the following is concerned with the storage and movement of materials?

Inventory and warehouse management (IWM)

Which of the following is NOT a key step in the fulfillment process?

Invoice Verification

Which of the following is NOT a typical characteristic of a wholesale channel?

It distributes goods directly to consumers

Which process supports the design and development of products from initial product idea stage through the discontinuation of the product?

Lifecycle Data Management

enables an organization to optimize its product development process, from design to market, while ensuring that it compiles with industry, quality, and regulatory standards?

Lifecycle Data Management

is concerned with matching the demand for materials in the organization with the supply.

Material Planning

How many company codes can a plant belong to?

One

Which of the following is(are) used to represent the structure of an enterprise?

Organizational Data

Which one of the following represents the correct order of process steps for the fulfillment process?

Pre-sales activity, sales order processing, inventory sourcing, shipping, billing, payment

Which master data do companies use to determine the prices of their products?

Pricing conditions

Which of the following types of data is NOT included in a billing document?

Pricing conditions

Which of the following systems helps companies administer the processes of research, design, and product management?

Product Lifecycle Management (PLM)

Which process involves the actual creation of the products?

Production Process

Which process is used to plan and execute large products such as the construction of a new factory or the production of complex products such as airplanes?

Project Management

Which of the following organizational levels is NOT relevant to the fulfillment process?

Purchasing organization

Materials that are purchased from an external source (a vendor) and used in the production process are known as

Raw Materials

Which term is a general ledger account that consolidates data from a group of related sub-ledger accounts?

Reconciliation account

Which of the following statements regarding customer master data is NOT true?

They include data that are needed to make postings in CO

Which of the following is a form of invoice verification?

Three-way match

What type of materials is purchased from a vendor?

Trading Goods

reflect(s) the consequences of executing process steps.

Transaction Data

Which of the following goods movement need NOT involved a physical transfer of materials?

Transfer posting

Which of the following identify tasks that are scheduled to be completed in a process?

Work Lists

The key data in the purchasing view are

the purchasing group, the goods receipt processing time, and the delivery tolerances

Pre-sales activity includes all of the following except

customer purchase orders

With the plant-level purchasing organization, also known as a plant specific purchasing oganization

each plant has its own purchasing organization