ERP Practice Test 2

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The fulfillment process is integrated with which other processes? (3 correct answers)

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Which of the following are elements of the in-house production time? (3 correct answers)

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Which reporting options does SAP ERP system support?

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The fulfillment process is integrated with all of the following processes except

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Which of the following statements about consumption-based planning is TRUE?

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Material master data relevant to the fulfillment processes are defined for which of the following organizational levels? (4 correct answers)

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Open items are items in the payment step for which payment from the customer has been received

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The proposals that material planning generates typically are in the form of (2 correct answers)

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Production resource tools are movable resources that are shared among different work centers

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Which one of the following combinations of organizational elements is included in the definition of a sales area?

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Which of the following are production control techniques as indicated by the MRP type in the material master? (2 correct answers)

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Requirements in the material planning process specify

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Customer master data include data needed to conduct business with customers and to execute transactions that are related specifically to the fulfillment process

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The most important reporting tool in material planning is the

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What are the most common transaction types that occur during the life of an asset? (3 correct answers)

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Product routings is one of the master data elements in material planning

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Component assignment is a technique that assigns components in a BOM either to a routing or to a specific operation within the routing

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Material planning is concerned with answering which basic questions? (3 correct answers)

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Which of the following types of data is NOT included in a quotation?

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A sales organization is responsible for negotiating terms and conditions of sales for a particular market

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At what level are material requirements planning (MRP) and work scheduling data defined?

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Information structures are used to generate which of the following? (2 correct answers)

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The lot size key specifies the

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MPS is a mandatory step in the planning process and is usually followed by MRP

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All operations must be performed in some type of sequence, and many operations can be completed in a variety of sequences

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Master production scheduling is specialized form of

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Replenishment lead time is

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A chart of accounts (COA) is an ordered listing of accounts that comprise a company’s general ledger

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In time-phased planning, materials are ordered when the stock level reaches a predetermined level known as the reorder point

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Within accounts receivable accounting, when a payment is made the bank account is debited and the appropriate customer account is credited

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For externally procured materials, the planned delivery time and the GR processing time are used to determine procurement time

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Which action triggers sales order processing in the fulfillment process?

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What is true about a business area? (3 correct answers)

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Which one of the following best describes a work center?

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The MRP technique calculates the requirements for a material based on

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What term identifies the list of materials needed to produce one or more units of a finished good?

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Which of the following is not an outcome of a goods issue to a production order?

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____________ is concerned with recording the financial impacts of business processes as they are executed.

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Work scheduling data are defined at the client level

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Customer master data are used in the fulfillment process for generating an invoice for materials or services

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Which of the following is used to report data needed to meet legal and regulatory requirements?

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A production order typically includes references to which of the following? ( 4 correct answers)

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An increase in an asset account or an expense account results in a credit posting

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Accounts payable accounting is not associated with the procurement process.

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Which one of the following is NOT a type of organizational data relevant to the production process?

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The balance sheet is a snapshot of the organization at a point in time

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The customer credit management process assesses whether credit should be granted when: (3 correct answers)

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What is SOP used for?

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Which of the following are statuses that can apply to a BOM? (2 correct answers)

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A product group groups products with similar planning characteristics, such as similar types

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Which of the following can be included in processing time? (2 correct answers)

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Exploding the BOM refers to

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An active bill of materials can be used in the production of a material, but an inactive BOM cannot

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All of the following are key organizational elements for which material master data are defined for the fulfillment process except

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Which of the following is not taken into consideration when determining a customer's credit exposure?

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Which type of asset has a physical form?

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Balance sheet accounts are grouped into which of the following categories? (3 correct answers)

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Which of the following is used to implement multiple ledgers and use each ledger for different purposes?

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Material staging is the process in which component materials are moved from storage and prepared for use

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Fixed time elements represent the time needed to produce one unit of material

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A company has two options for procuring materials: make or buy. Which MRP data view of the material master will the ERP system consider for this decision?

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An organization can possess which of the following types of assets? (3 correct answers)

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All of the following are key organizational elements in the fulfillment process except

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A shipping point is a location in a plant at which inbound deliveries are received

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The master data relevant to the production process are (3 correct answers)

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In addition to the organizational data, material master data is necessary in the payment step

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What are the basic time elements in the production process? (3 correct answers)

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A sales area can be assigned to multiple company codes

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Multiple quotations can be combined to create one sales order

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Organizational data in a delivery document consist of which of the following? (3 correct answers)

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Which of the following are key organizational elements in materials planning? (3 correct answers)

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Which of the following departments in an organization are responsible for data in a customer master? ( 2 correct answers)

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Multiple orders can be combined into one delivery if certain conditions are met

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Which of the following statements regarding work lists are true? (2 correct answers)

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The master data elements in material planning are:

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Which process is used to manage money owed by customers for goods and services purchased from the company?

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Which process is concerned with recording data associated with bank statements?

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Reporting in financial accounting is broadly divided into which of the following two categories? (2 correct answers)

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A company code is divided into several sales organizations, each of which is responsible for the sale and distribution of goods and services for a particular geographical area

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Which term represents what a company owes to others, including money owed to vendors and loans from financial institutions?

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Which element is not a part of the typical company code data in general ledger accounts?

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The data in the customer master are divided into the following three segments:

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All of the following can serve as a work center except

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A sales area is a unique combination of which of the following elements? (3 correct answers)

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An increase in revenue or liability results in a debit posting

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In make-to-stock strategy the production of the finished goods and any needed semifinished goods is triggered by a sales order

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Which term is a general ledger account that consolidates data from a group of related sub-ledger accounts?

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What step in the production process is used to enter data in to the SAP ERP system when the operations needed to produce a materials are completed?

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Management accounting, or controlling (CO), is intended primarily for audiences outside the organization.

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The MRP controller is a program in the SOP process that is responsible for creating procurement proposals and monitoring material availability

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Ch. 3, 5, 6, 8

ERP Practice Test 2

ERP Practice Test 2

The fulfillment process is integrated with which other processes? (3 correct answers)

Which of the following are elements of the in-house production time? (3 correct answers)

Which reporting options does SAP ERP system support?

The fulfillment process is integrated with all of the following processes except

Which of the following statements about consumption-based planning is TRUE?

Material master data relevant to the fulfillment processes are defined for which of the following organizational levels? (4 correct answers)

Open items are items in the payment step for which payment from the customer has been received

The proposals that material planning generates typically are in the form of (2 correct answers)

Production resource tools are movable resources that are shared among different work centers

Which one of the following combinations of organizational elements is included in the definition of a sales area?

Which of the following are production control techniques as indicated by the MRP type in the material master? (2 correct answers)

Requirements in the material planning process specify

Customer master data include data needed to conduct business with customers and to execute transactions that are related specifically to the fulfillment process

The most important reporting tool in material planning is the

What are the most common transaction types that occur during the life of an asset? (3 correct answers)

Product routings is one of the master data elements in material planning

Component assignment is a technique that assigns components in a BOM either to a routing or to a specific operation within the routing

Material planning is concerned with answering which basic questions? (3 correct answers)

Which of the following types of data is NOT included in a quotation?