ERP test l

Materials that are purchased from an external source (a vendor) and used in the production process are known as ______ 1 finished goods 2. Semi-finished goods 3, trading goods 4, raw materials

Raw materials

Which term represents the movies a company earns by selling its products and services? 1, liabilities 2. Assets 3. Expenses 4, revenue 5. Equity

Revenue

Which one of the following is not one of the data types that are relevant to the purchasing princess? 1, material master 2. Vendor master 3, sales master 4, purchasing info records 5. Conditions

Sales master

Which program is the "operating system" for an entire company's business processes? 1. Microsoft vista 2, Linux 3. Sap Net weaver 4. Sap prolific

Sap netweaver

Which of the following is not a mode of acquiring an asset for a company? 1, acquiring internally via the production process 2. Acquire from a vendor using the purchasing process 3, acquire from a vendor without rising the purchasing process,, 4, selling equipment 5, acquiring without a vendor

Selling equipment

What term refers to a system in which workers complete their tasks in separate departments with out regard to the consequences for the other components of the process 1 ERP effect 2. Cross-functional 3, functional structure 4. Enterprise systems 5. Silo effect

Silo effect

A company can use which of the following to select a vendor from a list of potential suppliers? l source list 2. Company code 3, vendor master 4 material master

Souvelist

Which type of asset has a physical form? 1. Master asset 2, tangible asset 3, informal asset 4. Intangible asset

Tangible asset

Which element of requirement determination process involves the requisition creation? i. Data 2. Talk 3, trigger 4, outcomes

Task

The key data in the purchasing view are 1, the purchasing organization, the goods receipt pressing time, and the decline tolerances 2. The purchasing group, the goods receipt processing time, and the delivery tolerances, 3, the purchasing group, the invite, and the delivery tolerances 4 The purchasing group, the material master, and the delivery tolerances 5, the price, the storage location, and the de lieu date

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

What is known as storage location? 1, The location where raw materials are received 2. A place within a plant where materials are kept until they are needed 3, The place where materials are collected for staging and inspection 4. A place within a plant where machines are installed for production purposes 5. A place within a placed where only finished goods are kept for sale

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

Which term represents what a company owns, such as cash, inventory of materials, and buildings? 1, liabilities. 2. Equity 3, assets 4, revenues

Assets

Which term represents the costs associated with creating and selling products and services? 1, assets 2. Expenses 3. Liabilities 4. Equity

Expenses

Which type of asset has a non-physical form? 1. Master asset 2, tangible asset 3, informal asset 4, intangible asset

Intangible asset

Which process supports the design and development of products from the initial product idea stage through the discontinuation of the product 1. Material planning 2. Procurement process 3. Production process 4. Fulfillment process 5. Lifecycle Data management

Life cycle Data management

______ enables an organization to optimize its product development process, from design to market, while ensuringthat it complies with industry, quality, and regulatory standards? 1. Business planning 2. Life cycle data management 3. Project management 4. Material planning

Lifecycle data management

Which of the following is not an organizational data type in procurement 1, client 2, company code 3, storage location 4, purchasing organization 5, manufacturing plant

Manufacturing plant

A purchasing group is an individual or a group of individuals who are responsible for all of the following except 1. Creating purchase requisitions 2, negotiate contracts and agreements 3 requesting quotations from venders 4, creating purchase orders 5. Monitoring purchases orders

negotiate contracts and agreements

Which of the following is used to implement multiple ledgers and use each ledger for different purposes? 1. Financial accounting document 2. Subsidiary ledger 3, sub-ledger 4. Parallel accounting

Parallel accounting

What is the final step of the procurement process? 1. Invoice 2. Purchase requisition 3. Purchase order 4. Payment

Payment

Which of the following is clay process infinancial accounting? 1, sales order processing 2. Accounts receivable accounting 3. Credit management 4. Income verification

Accounts receivable accounting

Which process is used to manage money one'd by customers for goods and series purchased from the company? 1. General ledger accounting 2. Accounts receivable accounting 3. Fixed asset accounting 4. Bank ledger accounting

Accounts receivable accounting

Which of the following statements about business process is true? 1. They are executed across multiple functions 2. They are initiated by some type of trigger 3. They involve multiple steps

All of the above

All of the following are transaction types that occur during the life of an asset except ----- 1, acquisition 2 depreciation 3, allocation 4 retirement

Allocation

Which term refers to the technical structure of the software, how users interact with with the software, and how the software isphysically managed on computer hardware? 1. Architecture 2. Supply chain management 3. Enterprise resource planning 4, service oriented architecture

Architecture

Which of the following categories are used when the company acquies a fixed asset? 1 cost center 2. Asset 3. Order 4,, sales order 5, project

Asset

Which process is concerned with recording data associated with bank statements 1, bank ledger accounting 2. Fixed asset accounting 3, general ledger accounting 4, accounts receivable accounting

Bank ledger accounting

Financial statements can be generated from which of the following? 1, operative coa 2. Country-specific coa 3, both 4. Neither

Both

Which term represent a set of tasks or activities that produce desired outcomes? 1. Business process 2. Trigger 3. Outcome 4, Enterprise resource planning

Business process

Which term refers to an ordered listing of accounts that comprise a company's general ledger 1. General ledger 2, balance sheet 3, bank ledger 4, charts of accounts

Charts of accounts

The highest organizational level in SAP ERP is the: 1, vendor 2. Client 3. Material master 4. Plant

Client

Which one of the following is not a model of the purchasing organization? 1, enterprise level 2, company level 3, client level 4, plant level 5. Cross plant

Client level

What term refers to business processes that are not executed by a single group function 1. Silo effect 2. Cross-functional 3. Functional structure 4, Enterprise systems 5 organizational structure

Cross-functional

Which system connects a company's ERP system to those of its customers? 1. Application platform 2. Customer relationship management 3, enterprise solution 4 product lifecycle management

Customer relationship management

Which of the following is not a doc in purchasing 1, material docs 2, fi docs 3. co docs 4 delivery document 5 invoice

Delivery doc

______ provides tools to manage and store documents securely and to keep track of the multiple versions of these docs 1. Document management 2. Enterprise management 3. Project management 4, material planning

Document management

Which press tracks the financial impact of process steps with the goal of meeting legal reportingrequirements? 1, Human capital management 2. Project management 3. Financial accounting 4. Management accounting or controlling

Financial accounting

Materials that are created by the production process from other materials are called ______ 1. Finished goods 2. Semi-finished goods 3, trading goods 4, raw materials

Finished goods

Which one of the following is the correct group of segments of the vendor master 1. General data, storage data, purchasing data 2. General data, storage data, inventory data 3, storage data, accounting data, purchasing data 4. Storage data, accounting data, pricing data 5. General data, accounting data, purchasing data

General data, accounting data, purchasing data

Which process focuses on people within an organization and includes functions such as recruiting, hiring, training, and benefits management? I. Human capital management 2. Project management 3, Financial accounting 4. Management accounting or controlling

Human capital management

Which of the following is concerned with the storage and movement of materials? 1, Business planning 2. Silo effect 3. Project management 4, material planning 5. Inventory and warehouse management

Inventory and warehouse management

Which of the following terms refers to materials with similar characteristics? 1. Material master 2. Material group 3. Transaction data 4, material member

Material group

Which of the following master data is used in numerous processes? 1. Material master 2. Plant 3, company code 4. Customer master 5. Vendor master

Material master

______ is concerned with matching the demand for materials in the organization with the supply 1. Business planning 2, silo effect 3. Project management 4. Material planning

Material planning

How many company codes can a plant belong to? 1. One 2. Two 3, three 4. Any number

One

Which of the following is used to represent the structure of an enterprise? 1, Organizational Data 2. Project management 3. Client 4, plant 5. Lifecycle date management

Organizational Data

Which of the following systems helps companies administer the processes of research, design, and product management? 1. Application platform 2. Customer relationship management 3. Enterprise solution 4, product lifestyle management

Product lifestyle management

Which process involves the actual creation of the products? 1, material planning 2. Procurement process 3, product process 4, fulfillment process 5. Lifecycle data management

Production process

Which process is used to plan and execute large projects such as construction of a new factory or the production of complex product such as airplanes I. Human capital management 2. Project management 3. Financial accounting 4. Management accounting or controlling

Project management

Which of the following is an intersection or combination of material and vendor data 1, condition type 2, purchasing info record 3, stock transfer 4, third party order 5. Search term

Purchasing info record

Which term is a general ledger account that consolidates data from a group of related sub-ledger accounts? 1, subsidiary ledger 2. Sub-ledger 3, reconciliation account 4. Line item display

Reconciliation account

What type of materials is purchased from a vendor? 1. Trading goods 2, finished goods 3. Semi-finished goods 4, material types

Trading goods

---_--- reflects the consequences of executing process steps. 1. Material groups 2, Organizational data 3, transaction data 4. Project management

Transaction Data

Which of the following goods movement need not involve physical transfer of materials? 1. Goods receipt 2. Goods issue 3, stock transfer 4, transfer posting 5: inbound delivery

Transfer posting

Financial accounting documents, management accounting or controlling documents, and material documents are referred to as 1. Transaction documents 2, transaction data 3. Material group 4, virtual documents

Virtual documents

Which of the following identify tasks that are scheduled to be completed in a process? 1, online tests 2. Parameters 3, Information structures 4. Work lists

Worklists

Which of the following statements about a plant is not true? 1, a plant can be assigned to more than one company code 2. A company code can have more than one plant 3, is a key organizational element in purchasing 4, a plant can only be assigned to one company code 5, a plant must have at least one storage area

a plant can be assigned to more than one company code

Which of the following are materials acquired to be consumed or used within the organization 1. Stock materials 2, transfer materials 3, vendor materials 4 consumerable materials

consumerable materials

Which of the following best describes the operative chart of accounts? 1, contains the operational accounts that are used to record the financial impact of anorganization's day-to-day transactions 2. Used to table companies to nest special country-specific reporting requirements 3, contains accounts that are used by multiple companies to consolidate their financial reporting 4 contains only accounts payable transactions 5, contains only accounts receivable transaction

contains the operational accounts that are used to record the financial impact of anorganization's day-to-day transactions

A purchasing organization is involved in all of the following operations except 1. Negotiate contracts and agreements 2. Negotiate pricing with vendors 3. Evaluate and identify vendors 4 determine storage locations within the plant.

determine storage locations within the plant.

With the plant-level purchasing organization, also known as a plant-specific purchasing organization 1, each plant has its own purchasing organization 2, a single organization is responsible for multiple plants 3, only one purchasing organization for all plants 4, only one purchasing organization for all company codes in the enterprise 5, 2 or more purchasing organizations for each plant

each plant has its own purchasing organization