MIS 4340 EXAM 1 Multiple Answers – Flashcards

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Materials designated as _______________ can be withdrawn only for sampling or for scrap.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