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