MIS 4340.501 Practice Exam – Flashcards
Unlock all answers in this set
Unlock answersquestion
The lifecycle data management (design) process supports the design and development of products from the initial product idea stage through the discontinuation of the product.
answer
True
question
The material planning process is used to maintain internal assets such as machinery and to delivery after-sales customer services such as repairs.
answer
False
question
Lead time is the time between placing the order and receiving confirmation that the item has been shipped.
answer
False
question
Excess supply will result in lower inventory costs because the company is eligible for a bulk rate.
answer
False
question
Document management provides tools to manage and store documents securely and to keep track of the multiple versions of these documents.
answer
True
question
Common reports of financial accounting include income statement, profit and loss, and balance sheet.
answer
True
question
The three layers of the "three-tier client-server architecture" are the presentation layer, windows layer, and data layer.
answer
False (presentation layer, windows layer, and data layer)
question
Scalability is the ability of the hardware and software to support a greater number of users easily over time.
answer
True
question
Service-oriented architecture (SOA) is the fundamental concept behind systems connecting through standardized interfaces called Web services.
answer
True
question
Inter-company processes take place within a single company.
answer
False (intra-company)
question
A building can house only a single plant.
answer
False
question
Management accounting helps an organization track costs and revenues to assess its profitability.
answer
True
question
The material master includes a large amount of data because it is used in numerous processes.
answer
True
question
The four most common material types are raw materials, semi-finished goods, and exported goods.
answer
False
question
Work lists identify tasks that are scheduled to be completed in a process.
answer
True
question
A storage location is a key organizational element in purchasing.
answer
True
question
A purchasing organization is involved only in negotiating prices with vendors.
answer
False
question
The enterprise level purchasing organization is also known as the cross-company code purchasing organization.
answer
True
question
A plant can belong to more than one company code
answer
False
question
General data related to a vendor are accessible to all company codes in a client.
answer
True
question
Material master data can be defined differently for different organizational levels.
answer
True
question
Consumable materials are acquired to be used within an organization.
answer
True
question
A stock transfer does not involve a change in storage location
answer
False
question
SAP cannot utilize any media except Web services to communicate a purchase order to a vendor.
answer
False
question
Payments must be made automatically through a payment program.
answer
False
question
Which system promotes business processes end-to-end?
answer
Enterprise System
question
Which process uses historical data and sales forecasts to plan which materials will be procured and produced?
answer
Procurement Process
question
What is the first step of the production process?
answer
Authorize Production
question
What function does the warehouse perform in the fulfillment process?
answer
Prepares and sends the shipment to the customer
question
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?
answer
Architecture
question
Which system connect a company's ERP system to those of its customers?
answer
Customer Relationship Management (CRM)
question
The highest organizational level in SAP ERP is the
answer
Client
question
How many company codes can a plant belong to?
answer
One
question
What type of material is purchased from a vendor?
answer
Trading Goods
question
Which term refers to materials with similar characteristics?
answer
Material Group
question
___ reflects the consequences of executing process steps.
answer
Transaction Data
question
Which of the following is not a type of organizational data that is utilized in the procurement process? A. Client B. Company Code C. Storage Location D. Purchasing Organization E. Manufacturing Plant
answer
E
question
What is a storage location?
answer
The place within a plant where finished goods are kept for sale
question
Within the plant level purchasing organization, also known as a plant-specific purchasing organization...
answer
each plant has its own purchasing organization
question
Which item category would you use to have your vendor ship goods directly to your customer?
answer
Third-party
question
Which of the following account assignment categories is used when the company acquires a fixed asset?
answer
Asset
question
Which of the following document types is not used during the purchasing process? A. Material documents B. FI documents C. CO documents D. Picking document E. Invoice
answer
D
question
Which of the following goods movements need not involve a physical movement of materials? A. Goods receipt B. Goods issue C. Stock transfer D. Transfer posting E. None of the above
answer
D
question
Which item is included in the header of a purchase order? A. Order quantity B. Vendor C. Delivery date D. Price E. None of the above
answer
B
question
Which element of the payment step includes selecting a bank?
answer
Task
question
Which processes have an impact on an organization's finances? a. Financial accounting processes b. Project management processes c. Management accounting or controlling processes d. Material planning process e. Procurement process
answer
AC
question
Which of the following are components of the procurement process? a. Warehouse b. Purchasing c. Sales d. Operations e. Accounting
answer
ABE
question
Which of the following activities are related to the fulfillment process? a. Locate Materials b. Prepare Shipment c. Prepare for Storage d. Store Materials e. Ship to Customer
answer
ABE
question
What is true about SAP R/3? a. Supports a single function or department b. Executes every process from start to finish c. Consolidates process data in a single database d. Enables users to view the status of a process in real time
answer
BCD
question
Which of the following SAP systems are used to support inter-company processes? (2 correct answers) a. SAP ERP b. SAP SCM c. SAP CRM d. SAP BI e. SAP Netweaver
answer
BC
question
Which of the following are examples of organizational data in SAP? a. Client b. Customer c. Purchasing Organization d. Vendor e. Plant
answer
ABD
question
Which of the following are examples of master data in SAP? a. Client b. Customer c. Purchasing Organization d. Vendor e. Plant
answer
BD
question
Which of the following are examples of online lists? a. Picking list b. Billing due list c. List of customers d. Delivery due list e. List of documents
answer
CE
question
Information structures enable which types of analysis? a. Standard analysis b. Flexible analysis c. Rigid analysis d. All of the above
answer
AB
question
Which of the following are organizational elements in purchasing? a. Shipping point b. Company code c. Vendors d. Materials e. Plant
answer
BE
question
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
AC
question
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
BD
question
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
ABD
question
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
BC
question
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
ABE
