MIS 4340 EXAM 1 Multiple Answers – Flashcards
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Which processes have an impact on an organization's finances?
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Project Management processes, Material planning process, Procurement process
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Which of the following are components of the procurement process?
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Warehouse, Purchasing, Accounting
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Which of the following activities are related to the fulfillment process?
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Locate Materials, Prepare Shipment, Ship to Customer
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What is true about SAP R/3
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Executes every process from start to finish, Consolidates process data in a single database, Enables users to view the status of a process in real time
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Which of the following SAP systems are used to support inter-company processes? (2 correct answers)
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SAP SCM, SAP CRM
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Which of the following are examples of organizational data in SAP?
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Client, Purchasing Organization, Plant
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Which of the following are examples of master data in SAP?
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Customer, Vendor
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Which of the following are examples of online lists?
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List of customers, List of documents
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Information structures enable which types of analysis?
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Standard analysis, Flexible analysis
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Which of the following are organizational elements in purchasing?
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Company code, Plant
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Which of the following statements about purchasing organizations are correct?
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They negotiate conditions of purchase with vendors, They can purchase for multiple plants
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Which of the following are methods of valuing materials?
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Standard Price, Moving (average) price
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Which G/L & SL accounts are impacted by the invoice verification step of the procurement process?
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Accounts payable, Goods receipt / invoice receipt amount, Vendor Account
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Materials designated as _______________ can be withdrawn only for sampling or for scrap.
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In-quality inspection, Blocked stock
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Which of the following data are included in a purchasing info record?
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Freight, Discounts, Material Number, Texts
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Balance sheet accounts are grouped into which of the following categories?
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Assets, Liabilities, Equity
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An organization can possess which of the following types of assets?
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Tangible, Intangible, Financial
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What are the most common transaction types that occur during the life of an asset?
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Acquisition, Depreciation, Retirement
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Reporting in financial accounting is broadly divided into which of the following two categories?
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Displaying account information, Generating financial statements
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What is true about a business area?
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It is a internal division of an enterprise, It helps management monitor performance, It is used for external reporting
