BUS 301 Final Exam UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS
Business process - CORRECT ANSWER A _____________ is a collection of linked
tasks which are completed in the delivery of a service or product to a customer.
History of what has been done - CORRECT ANSWER Transactional Data can also be
viewed as the ...
Client - CORRECT ANSWER The highest level in an enterprise. One SAP system can
be used for several independent companies or subsidiaries of a company.
A legal entity - CORRECT ANSWER Company Code represents ...
The maximum amount that something can contain or accomplish. - CORRECT
ANSWER Capacity is defined as ...
The document principle - CORRECT ANSWER A document is generated and stored in
the system for every transaction or event that causes a change. What is this?
Material master record - CORRECT ANSWER The __________________ contains all
the information a company needs to manage a material? (It contains descriptions of the
materials a company procures, produces, and stores.)
Configuration - CORRECT ANSWER Material type is a set of rules defined by the
company to dictate how a particular kind of material is to be managed. The creating of the
rules in SAP is called:
All answers given - CORRECT ANSWER A work center is a specific physical location
in a plant where work is done. A work center can be which of the following?
, Employee lifecycle - CORRECT ANSWER The "hire to retire" phrase is a way to
depict the
The start date and the end date of an event. - CORRECT ANSWER What do validity
dates represent in HCM?
Data summarization also known as data aggregation - CORRECT ANSWER SAP uses
a hierarchical structure. These hierarchies aid the reporting functions of SAP in what way?
The audit trail begins with an account balance on a financial statement and traces through the
accounting documents from the transactions that support the account balance. - CORRECT
ANSWER An audit trail allows for oversights into financial transactions. Which one of
the following statements are correct (read carefully)
Chart of accounts listing contains the definition of each general ledger account including the
account number, account name, and type of account (balance sheet, income statement) -
CORRECT ANSWER Chart of accounts in SAP is an ordered list of G/L accounts that
are used by the organization. Which answer contains all of the contents of the chart of
accounts?
The asset value has decreased - CORRECT ANSWER For an asset, a credit signifies ...
The liability has decreased - CORRECT ANSWER For a liability, a debit signifies ...
The costs incurred in order to produce revenue - CORRECT ANSWER An expense is
what?
General Ledger Accounts - CORRECT ANSWER All postings in FI are made to
Postings which are the process of entering debit and credit amounts to ledgers - CORRECT
ANSWER How does SAP save transactional data to record financial transactions?
QUESTIONS AND CORRECT ANSWERS
Business process - CORRECT ANSWER A _____________ is a collection of linked
tasks which are completed in the delivery of a service or product to a customer.
History of what has been done - CORRECT ANSWER Transactional Data can also be
viewed as the ...
Client - CORRECT ANSWER The highest level in an enterprise. One SAP system can
be used for several independent companies or subsidiaries of a company.
A legal entity - CORRECT ANSWER Company Code represents ...
The maximum amount that something can contain or accomplish. - CORRECT
ANSWER Capacity is defined as ...
The document principle - CORRECT ANSWER A document is generated and stored in
the system for every transaction or event that causes a change. What is this?
Material master record - CORRECT ANSWER The __________________ contains all
the information a company needs to manage a material? (It contains descriptions of the
materials a company procures, produces, and stores.)
Configuration - CORRECT ANSWER Material type is a set of rules defined by the
company to dictate how a particular kind of material is to be managed. The creating of the
rules in SAP is called:
All answers given - CORRECT ANSWER A work center is a specific physical location
in a plant where work is done. A work center can be which of the following?
, Employee lifecycle - CORRECT ANSWER The "hire to retire" phrase is a way to
depict the
The start date and the end date of an event. - CORRECT ANSWER What do validity
dates represent in HCM?
Data summarization also known as data aggregation - CORRECT ANSWER SAP uses
a hierarchical structure. These hierarchies aid the reporting functions of SAP in what way?
The audit trail begins with an account balance on a financial statement and traces through the
accounting documents from the transactions that support the account balance. - CORRECT
ANSWER An audit trail allows for oversights into financial transactions. Which one of
the following statements are correct (read carefully)
Chart of accounts listing contains the definition of each general ledger account including the
account number, account name, and type of account (balance sheet, income statement) -
CORRECT ANSWER Chart of accounts in SAP is an ordered list of G/L accounts that
are used by the organization. Which answer contains all of the contents of the chart of
accounts?
The asset value has decreased - CORRECT ANSWER For an asset, a credit signifies ...
The liability has decreased - CORRECT ANSWER For a liability, a debit signifies ...
The costs incurred in order to produce revenue - CORRECT ANSWER An expense is
what?
General Ledger Accounts - CORRECT ANSWER All postings in FI are made to
Postings which are the process of entering debit and credit amounts to ledgers - CORRECT
ANSWER How does SAP save transactional data to record financial transactions?
