Enterprise Systems
(T/F): The fulfillment process (sell) consists of all the steps involved in selling and delivering the products to the organization's customers.
True
(T/F): The material master includes a large amount of data because it is used in numerous processes.
True
(T/F): The most common organizational structure within modern organizations is the functional structure.
True
(T/F): The procurement process includes all of the tasks involved in acquiring needed materials.
True
(T/F): The purpose of material planning is to match supply with demand.
True
(T/F): Transaction data reflect the consequences of executing process steps.
True
(T/F): Within the production process, the issuing of raw materials takes place in the warehouse.
True
(T/F): Work lists identify tasks that are scheduled to be completed in a process.
True
(T/F): A building can house only a single plant.
False
(T/F): A company code is the highest organizational level in SAP ERP.
False
(T/F): Accounts payable is used to track money owed by customers.
False
(T/F): Accounts receivable is used to track money that is owed to vendors.
False
(T/F): The financial accounting process focuses on internal reporting to manage costs and revenues.
False
(T/F): The four most common material types are raw materials, semifinished goods, finished goods, and exported goods.
False
(T/F): The online transaction processing (OLTP) system is designed to capture and store detailed organizational data.
False
(T/F): Trading goods (HAWA) are resold to customers after they have been modified by the company.
False
The highest organizational level in SAP ERP is the A) Client B) Vendor C) Plant D) Material Master E) None of the above
A) Client
Which term refers to business processes that are not executed by a single group or function? A) Cross-Functional B) Organizational Structure C) Enterprise Systems D) Silo Effect E) Functional Structure
A) Cross-Functional
Within the functional structure, typical functions or departments found in a modern organization include which of the following? (3 correct answers) A) Finance B) Purchasing C) Marketing D) Customer E) Internships F) Budgeting
A) Finance B) Purchasing C) Marketing
Which of the following statements regarding master data are true? (2 correct answers) A) Master data represent entities such as customers and vendors B) Master data are constantly changing C) Master data are necessary for the execution of process steps D) Master data define the structure of an enterprise E) Master data represent entities such as warehouses and factories
A) Master data represent entities such as customers and vendors C) Master data are necessary for the execution of process steps
Material master data are grouped based on: (3 correct answers) A) Material type B) Organizational Element C) Customer D) Company Code E) Process F) Vendor
A) Material type B) Organizational Element E) Process
Which of the following statements regarding organizational data are true? (2 correct answers) A) Organizational data define the structure of an enterprise B) Date, time, and quantity are examples of organizational data C) Organizational data are a consequence of the execution of process steps D) Organizational data represent entities such as customers and vendors E) Organizational data are constantly changing F) Organizational data represent entities such as warehouses and factories
A) Organizational data define the structure of an enterprise F) Organizational data represent entities such as warehouses and factories
Which of the following are examples of organizational data in SAP ERP? (2 correct answers) A) Plant B) Order date C) Customer D) Client E) Vendor
A) Plant D) Client
What function does the warehouse perform in the fulfillment process? A) Prepares and sends the shipment to the customer B) Notifies the customer C) Tracks the order D) Communicates data related to the order to other parts of the organization E) None of the above
A) Prepares and sends the shipment to the customer
What steps are involved in the accounting portion of the procurement process? A) Receiving the invoice and sending payment B) Receiving the materials and the invoice C) Creating the purchase requisition and receiving the materials D) Creating and sending the purchase order E) Creating the purchase requisition and sending payment
A) Receiving the invoice and sending payment
What is the first step of the production process? A) Request Production B) Authorize Production C) Issue Raw Materials D) Create Product E) Receive Finished Goods
A) Request Production
Which of the following SAP systems are used to support inter-company processes? (2 correct answers) A) SAP SCM B) SAP BI C) SAP ERP D) SAP CRM E) SAP Netweaver
A) SAP SCM D) SAP CRM
Which of the following SAP systems are used to support inter-company processes? (2 correct answers) A) SAP SCM B) Production planning (PP) module C) Materials management (MM) module D) Strategic enterprise management (SEM) module E) SAP CRM
A) SAP SCM E) SAP CRM
Transaction data make use of which of the following types of data? (3 correct answers) A) Situational data B) Organizational data C) Business intelligence data D) Reporting data E) Material types F) Master data
A) Situational data B) Organizational data F) Master data
_____ reflect(s) the consequences of executing process steps A) Transaction data B) Project management C) Organizational data D) Material groups E) None of the above
A) Transaction data
Which of the following statements concerning transaction data are true? (2 correct answers) A) Transaction data are constantly changing B) Transaction data represent entities such as warehouses and factories C) Transaction data represent entities such as customers and vendors D) Transaction data are a consequence of the execution of process steps E) Transaction data define the structure of an enterprise
A) Transaction data are constantly changing D) Transaction data are a consequence of the execution of process steps
Which of the following is used to integrate several client-server applications and create enterprise mash-ups, or composite applications? A) Web services B) Enterprise system C) Account system D) Management system E) All of the above
A) Web services
Which of the following is a key process in financial accounting? A) accounts receivable accounting B) credit management C) income verification D) sales order processing E) all of the above
A) accounts receivable accounting
Which of the following statements about a cost center are correct: (3 correct answers) A) costs incurred can be assigned to a cost center B) a cost center is a key organizational element in financial accounting C) a cost center can be associated with a department D) a cost center is an example of a cost object E) a cost center is part of the general ledger
A) costs incurred can be assigned to a cost center C) a cost center can be associated with a department D) a cost center is an example of a cost object
Which of the following are correct postings to record payment to a vendor for supplies purchased on credit? (2 correct answers) A) debit accounts payable reconciliation account B) debit bank C) credit vendor sub-ledger account D) credit accounts payable reconciliation account E) debit vendor sub-ledger account F) credit bank account
A) debit accounts payable reconciliation account E) debit vendor sub-ledger account F) credit bank account
Reporting in financial accounting is broadly divided into which of the following two categories? (2 correct answers) A) displaying account information B) automatic posting of accounts C) recording transactions D) reporting depreciation E) generating financial statements F) posting goods issue
A) displaying account information E) generating financial statements
_____ is concerned with recording the financial impacts of business processes as they are executed. A) financial accounting (FI) B) management accounting C) controlling (CO) D) bank ledger accounting E) none of the above
A) financial accounting (FI)
Tangible assets can include which of the following? (3 correct answers) A) real estate B) computers C) mortgage D) goodwill F) bonds E) production machinery
A) real estate B) computers F) production machinery
An organization can possess which of the following types of assets? (3 correct answers) A) tangible B) virtual C) intangible D) financial E) plants F) economic
A) tangible C) intangible D) financial
General ledger postings include a debit entry and a credit entry. Which of the following will result in a credit posting? (4 correct answers) A) when there is a decrease in assets B) when there is an increase in expenses C) when there is a decrease in liabilities D) when there is a decrease in expenses E) when there is an increase in assets F) when there is a decrease in revenues G) when there is an increase in revenues H) when there is an increase in liabilities
A) when there is a decrease in assets D) when there is a decrease in expenses G) when there is an increase in revenues H) when there is an increase in liabilities
The company code segment data in a general ledger account determines which of the following? (3 correct answers) A) whether it will be used as reconciliation account B) which account group the account belongs to C) its account number D) whether it is a balance sheet or income statement account E) whether line item display is enabled for the account F) the account currency to be used
A) whether it will be used as reconciliation account E) whether line item display is enabled for the account F) the account currency to be used
Which of the following are examples of work lists? (3 correct answers) A) Analytics B) Billing due list C) Picking list D) Delivery due list E) List of customers F) List of documents
B) Billing due list C) Picking list D) Delivery due list
Which of the following statements concerning SAP NetWeaver are true? (3 correct answers) A) It weaves together (connects) the network of applications across multiple companies B) It enables companies to plug in independent software vendor (ISV) applications on top of their core ERP and suite applications C) It helps companies integrate their SAP systems with other non-SAP applications D) It deals exclusively with processes that are executed within a company E) It combines data from multiple ERP and systems to provide a robust reporting environment F) It serves as the application platform on which the SAP Business Suite runs
B) It enables companies to plug in independent software vendor (ISV) applications on top of their core ERP and suite applications C) It helps companies integrate their SAP systems with other non-SAP applications F) It serves as the application platform on which the SAP Business Suite runs
Which of the following are examples of online lists? (2 correct answers) A) Delivery due list B) List of customers C) List of documents D) Billing due list E) Analytics F) Picking list
B) List of customers C) List of documents
Which of the following master data is used in numerous processes? A) Customer Master B) Material Master C) Company Code D) Plant E) Vendor Master
B) Material Master
Which process uses historical data and sales forecasts to plan which materials will be procured and produced? A) Production Process B) Material Planning C) Lifecycle Data Management D) Procurement Process E) Fulfillment Process
B) Material Planning
Which of the following terms refers to materials with similar characteristics? A) Material number B) Material group C) Material master D) Transaction data E) None of the above
B) Material group
Which of the following is(are) used to represent the structure of an enterprise? A) Lifecycle Data Management B) Organizational Data C) Project Management D) Plant E) Client
B) Organizational Data
The term materials encompasses which of the following? (3 correct answers) A) Accounting B) Parts C) Products D) Components E) Bill of Material F) Employees
B) Parts C) Products D) Components
What is the final step of the procurement process? A) Invoice B) Payment C) Purchase Order D) Purchase Requisition E) None of the above
B) Payment
A three-tier architecture includes which of the following components? (3 correct answers) A) Operating system layer B) Presentation layer C) Application layer D) System layer E) Data layer F) User layer
B) Presentation layer C) Application layer E) Data layer
A plant is an organizational element where: (3 correct answers) A) Financial accounting takes place B) Services and maintenance is performed C) Products and services are created D) Production planning is carried out E) Management accounting takes place F) Business intelligence systems are installed
B) Services and maintenance is performed C) Products and services are created D) Production planning is carried out
Which of the following are examples of master data in SAP ERP? (2 correct answers) A) Client B) Vendor C) Plant D) Order date E) Customer
B) Vendor E) Customer
Which of the following statements concerning Web services are true? (3 correct answers) A) One web service can be used to execute multiple steps in a process B) Web services have standard interfaces for input and output C) Web services expose functionality to other applications D) One web service can include logic to execute end-to-end processes E) Web services are an essential component of enterprise systems F) Web services can be used to create composite applications
B) Web services have standard interfaces for input and output C) Web services expose functionality to other applications F) Web services can be used to create composite applications
An FI document consists of a header and line items. Which of the following data are present in the FI document line items? (3 correct answers) A) document type B) account number C) posting date D) amount E) posting key F) currency
B) account number D) amount E) posting key
Which general ledger accounts are involved in accounts receivable accounting? (2 correct answers) A) customer sub-ledger account B) bank account C) accounts payable reconciliation account D) vendor sub-ledger account E) accounts receivable reconciliation account
B) bank account E) accounts receivable reconciliation account
Which of the following are correct postings to record the purchase of supplies from a vendor on credit? (2 correct answers) A) credit supplies expense account B) debit supplies expense account C) credit vendor sub-ledger account D) debit vendor sub-ledger account E) debit accounts payable reconciliation account F) credit accounts payable reconciliation account
B) debit supplies expense account C) credit vendor sub-ledger account F) credit accounts payable reconciliation account
An FI document consists of a header and line items. Which of the following data are present in the FI document header? (3 correct answers) A) account number B) document type C) amount D) currency E) posting key F) posting date
B) document type D) currency F) posting date
Which of the following statements concerning reconciliation accounts are true? (2 correct answers) A) the reconciliation account for customers is an accounts payable account B) the reconciliation account for vendors is an accounts payable account C) the reconciliation account for customers is an accounts receivable account D) the reconciliation account for customers is determined by its asset class E) the reconciliation account for vendors is an accounts receivable account F) the reconciliation account for vendors is determined by its asset class
B) the reconciliation account for vendors is an accounts payable account C) the reconciliation account for customers is an accounts receivable account
General ledger postings include a debit entry and a credit entry. Which of the following will result in a debit posting? (4 correct answers) A) when there is a decrease in assets B) when there is an increase in expenses C) when there is a decrease in liabilities D) when there is a decrease in expenses E) when there is an increase in assets F) when there is a decrease in revenues G) when there is an increase in revenues H) when there is an increase in liabilities
B) when there is an increase in expenses C) when there is a decrease in liabilities E) when there is an increase in assets F) when there is a decrease in revenues
The chart of accounts segment data in a general ledger account determines which of the following? (3 correct answers) A) the account currency to be used B) whether it is a balance sheet or income statement account C) its account number D) which account group the account belongs to E) whether it will be used as reconciliation account F) whether line item display is enabled for the account
B) whether it is a balance sheet or income statement account C) its account number D) which account group the account belongs to
A plant can be used to represent which of the following? (3 correct answers) A) An employee B) A company vehicle C) A storage facility (warehouse, DC) D) A legal entity E) A factory F) An office
C) A storage facility (warehouse, DC) E) A factory F) An office
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? A) Service-Oriented Architecture B) Enterprise Resource Planning C) Architecture D) Supply Chain Management E) None of the above
C) Architecture
Which term represents a set of tasks or activities that produce desired outcomes? A) Outcome B) Trigger C) Business Process D) Enterprise Resource Planning E) None of the above
C) Business Process
Which of the following statements about SAP ERP are true? (3 correct answers) A) One ERP system is typically implemented for each functional area B) Uses multiple departmental databases C) Consolidates process data in a single database D) Supports a single function or department E) Can be used to execute all processes in an organization F) Enables users to view the status of a process in real time
C) Consolidates process data in a single database E) Can be used to execute all processes in an organization F) Enables users to view the status of a process in real time
Materials that are created by the production process from other materials are referred to as _____ A) Semi-finished goods (HALB) B) Raw materials C) Finished goods (FERT) D) Trading goods (HAWA) E) None of the above
C) Finished goods (FERT)
Information structures enable companies to generate information in the form of: (2 correct answers) A) Rigid analysis B) Transaction data C) Flexible analysis D) Standard analysis E) Online lists F) Work lists
C) Flexible analysis D) Standard analysis
Which of the following is concerned with the storage and movement of materials? A) Business Planning B) Silo Effect C) Inventory and warehouse management (IWM) D) Material Planning E) Project Management
C) Inventory and warehouse management (IWM)
Supply chain management deals with (2 correct answers) A) Managing relationships with suppliers B) Managing relationships with customers C) Optimizing transportation and logistics for materials D) Providing data to help manage sales E) Planning for production demand requirements
C) Optimizing transportation and logistics for materials E) Planning for production demand requirements
Materials that are purchased from an external source (a vendor) and used in the production process are known as _____ A) Finished goods (FERT) B) Semi-finished goods (HALB) C) Raw materials D) Trading goods (HAWA) E) None of the above
C) Raw materials
Which term relates to the technical capabilities that allow systems to connect with one another through standardized interfaces called Web services? A) Architecture B) Enterprise Resource Planning C) Service-Oriented Architecture D) Supply Chain Management E) None of the above
C) Service-Oriented Architecture
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? A) Enterprise Systems B) Functional Structure C) Silo Effect D) ERP Effect E) Cross-Functional
C) Silo Effect
What type of materials is purchased from a vendor? A) Semi-finished goods (HALB) B) Material types C) Trading goods D) Finished goods (FERT) E) None of the above
C) Trading goods
Balance sheet accounts are grouped into which of the following categories? (3 correct answers) A) revenue B) expenses C) assets D) reconciliation E) liabilities F) equity
C) assets E) liabilities F) equity
Which general ledger accounts are involved in accounts payable accounting? (2 correct answers) A) vendor sub-ledger account B) accounts receivable reconciliation account C) bank account D) accounts payable reconciliation account E) customer sub-ledger account
C) bank account D) accounts payable reconciliation account
Which of the followings segments of data are in a chart of accounts? (2 correct answers) A) sales organization segment B) purchasing organization segment C) company code segment D) client segment E) storage location segment F) plant segment
C) company code segment D) client segment
From which of the following can financial statements be generated? (2 correct answers) A) assets B) revenue accounts C) country-specific chart of accounts D) liability accounts E) depreciation accounts F) operative chart of accounts
C) country-specific chart of accounts F) operative chart of accounts
Which of the following statements concerning the leading ledger are true? (2 correct answers) A) a company cannot use a leading and non-leading ledgers at the same time B) having a leading ledger is optional C) global accounting principles are consolidated into the leading ledger D) all transaction data are posted to the leading ledger E) it is a type of sub-ledger
C) global accounting principles are consolidated into the leading ledger D) all transaction data are posted to the leading ledger
Which of the following are types of chart of accounts (COA)? (3 correct answers) A) internal COA B) active COA C) group COA D) country specific COA E) external COA F) operative COA
C) group COA D) country specific COA F) operative COA
Which of the following statements about business processes is true? A) They are initiated by some type of trigger B) They involve multiple steps C) They are executed across multiple functions D) All of the above E) None of the above
D) All of the above
Which system connects a company's ERP system to those of its customers? A) Product Lifecycle Management (PLM) B) Enterprise Solution C) Application Platform D) Customer Relationship Management (CRM) E) None of the above
D) Customer Relationship Management (CRM)
Which system supports business processes end to end? A) Document System B) Management System C) Account System D) Enterprise System E) Functional Structure
D) Enterprise System
Which process tracks the financial impact of process steps with the goal of meeting legal reporting requirements? A) Project Management B) Human Capital Management (HCM) C) Management Accounting or Controlling (CO) D) Financial Accounting E) None of the above
D) Financial Accounting
_____ is concerned with matching the demand for materials in the organization with the supply. A) Business Planning B) The Silo Effect C) Project Management D) Material Planning E) None of the above
D) Material Planning
How many company codes can a plant belong to? A) Three B) Two C) Any Number D) One
D) One
Which of the following terms refers to an organizational element that performs multiple functions and is relevant to several processes? A) Lifecycle Data Management B) Fulfillment C) Warehouse D) Plant E) Procurement
D) Plant
Which of the following systems helps companies administer the processes of research, design, and product management? A) Enterprise Solution B) Application Platform C) Customer Relationship Management (CRM) D) Product Lifecycle Management (PLM) E) None of the above
D) Product Lifecycle Management (PLM)
Which process involves the actual creation of the products? A) Lifecycle Data Management B) Fulfillment Process C) Material Planning D) Production Process E) Procurement Process
D) Production Process
Which program is the "operating system" for an entire company's business processes? A) SAP Prolific B) Linux C) Microsoft Vista D) SAP NetWeaver E) None of the above
D) SAP NetWeaver
Which process is used to manage money owed by customers for goods and services purchased from the company? A) bank ledger accounting B) general ledger accounting C) fixed asset accounting D) accounts receivable accounting E) all of the above
D) accounts receivable accounting
What is true about a business area? (2 correct answers) A) financial statements can be generated for business areas B) it can represent customers or vendors C) it is associated with one company code D) it is an internal division of an enterprise E) it can represent product lines or geographic divisions
D) it is an internal division of an enterprise E) it can represent product lines or geographic divisions
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) Fulfillment Process B) Lifecycle Data Management C) Material Planning D) Production Process E) Procurement Process
E) Procurement Process
(T/F): A plant can be a factory, a warehouse, a regional distribution center, or a service center.
True
(T/F): Asset accounting is concerned with tracking financial data related to assets such as machinery and cars.
True
(T/F): Common reports in financial accounting include income statement, profit and loss, and balance sheet.
True
(T/F): Management accounting helps an organization track costs and revenues to assess its profitability.
True
(T/F): Materials are categorized into different material types based on the way they are used in the firm's operations.
True
(T/F): Materials encompass all the products, components, and parts that are used in an organization.
True
(T/F): Organizational data are used to represent the structure of an enterprise.
True
(T/F): Raw materials (ROH) are purchased from an external source - a vendor - and used in the production process.
True
