MISY 5340 Exam 1 questions and answers graded A+ 2023 /2024

MISY 5340 Exam 1Movement type 101 describes - correct answer A good receipt for a purchase order Which one of the following steps take place at the beginning of the purchasing process? - correct answer Create purchase requisition Which of the following steps in the purchasing process is part of the FI module? - correct answer Create invoice receipt from vendor Where are vendor master reports used? - correct answer Both Financial Accounting and Procurement A request for quotation is legally binding - correct answer FALSE Goods shall remain property of the supplier until complete payment - correct answer TRUE Which of the following process steps in the order to cash process takes place first? - correct answer Create customer inquiry Are customer numbers clearly assigned to exactly one customer in an SAP system? - correct answer Yes Is request for quotation legally binding - correct answer Yes, a request for quotation is legally binding. Every material out of stock is in unrestricted use - correct answer False. Material stock is reduced by the picking of material - correct answer FALSE Customers are debtors of deliveries and services - correct answer TRUE Vendors are creditors of accounts receivable trade. - correct answer TRUE Which of the following components is not part of a sales document? - correct answer Document feed (There is no document feed in a SAP system) The document header consists of data - correct answer That is valid for the complete sales document The document number is generated automatically while compiling the document - correct answer TRUE Which of the following can trigger the picking of material - correct answer Customer and Production orders Deliveries can only by picked completely - correct answer TRUE Procurement - correct answer Buy Fulfillment - correct answer Sell Production - correct answer Produce Lifecycle Data Management - correct answer Design Material planning Process - correct answer Plan Inventory and Warehouse management - correct answer Store Asset Management and Customer Service Processes - correct answer Service Project Management processes - correct answer Projects