BUS 301 FINAL EXAM QUESTIONS WITH VERIFIED
ANSWERS
Integrated business processes are made up of all of the following except which -
Answers - silos
Which of the following is the market leader in ERP software with over 300,000
customers - Answers - SAP
If all items below the finished good in a BOM are "complete" in and and of themselves,
it's referred to as? - Answers - A single-level BOM
All of the following are true regarding stock items except - Answers - they are generally
things for office use such as sticky notes and toilet paper
A work center is a specific physical location in a plant where work is done. A work
center can be which of the following - Answers - All answers given
What contains all the information a company needs to manage a material - Answers -
material master record
Capacity is defined as - Answers - maximum amount that something can contain or
accomplish
The Plant is responsible for - Answers - the storage, manufacturing, and distribution of
materials
What is another name for a collection of tabs on the master data screen - Answers -
view
Data integrity refers to accuracy and consistency of data over its lifecycle. Why does
this matter - Answers - low-quality data after all, is of little use to enterprises
There is time during processes when latency happens. Good or bad? - Answers - Bad-
latency is a time when nothing happens
Transactional data can also be viewed as the - Answers - history of what has been done
Capacity is the maximum amount that something can contain or accomplish. What
items have capacity that are planned for? - Answers - all answers given are correct
Inventory management provides the systems that supports the management of? -
Answers - quantity of stock
, What, in sap, can be broadly defined as any physical object that a company needs to
identify that is purchased, manufactured or sold - Answers - material
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 business rules in sap is called - Answers
- configuration
What do validity dates represent in HCM - Answers - the start date and end date of an
event
A person in HCM represents what - Answers - an employee in the company who
occupies a position
Enterprise structure in HCM is the same thing as the_________ in the other modules -
Answers - organizational structure
HCM Master Data include what kind of data - Answers - employee information
All postings in FI are made in ___ - Answers - general ledger
How does SAP save transactional data to record financial transactions? - Answers -
postings, which are the process of entering the debit and credit amounts to ledgers
Chart of accounts in SAP is an ordered list of G/L accounts that are used by the
organization. It also provides a framework for creating G/L accounts. Which answer
contains all of the contents of the chart of accounts - Answers - the chart of accounts
listing contains the definition of each general ledger account including the account
number, account name, and type of account
For an asset, a credit signifies - Answers - the asset value has decreased
For a liability a debit signifies - Answers - the liability has decreased
The highest level in an enterprise. One sap system can be used for several independent
companies or subsidiaries of a company - Answers - client
Company code represents - Answers - a legal entity
An internal order is a type of cost object. What is a primary difference between an
internal order and a cost center - Answers - internal orders are temporary meaning they
have a specific dates
The operating concern organizational structure in CO supports which of the following
functions - Answers - profitability analysis functions in CO
ANSWERS
Integrated business processes are made up of all of the following except which -
Answers - silos
Which of the following is the market leader in ERP software with over 300,000
customers - Answers - SAP
If all items below the finished good in a BOM are "complete" in and and of themselves,
it's referred to as? - Answers - A single-level BOM
All of the following are true regarding stock items except - Answers - they are generally
things for office use such as sticky notes and toilet paper
A work center is a specific physical location in a plant where work is done. A work
center can be which of the following - Answers - All answers given
What contains all the information a company needs to manage a material - Answers -
material master record
Capacity is defined as - Answers - maximum amount that something can contain or
accomplish
The Plant is responsible for - Answers - the storage, manufacturing, and distribution of
materials
What is another name for a collection of tabs on the master data screen - Answers -
view
Data integrity refers to accuracy and consistency of data over its lifecycle. Why does
this matter - Answers - low-quality data after all, is of little use to enterprises
There is time during processes when latency happens. Good or bad? - Answers - Bad-
latency is a time when nothing happens
Transactional data can also be viewed as the - Answers - history of what has been done
Capacity is the maximum amount that something can contain or accomplish. What
items have capacity that are planned for? - Answers - all answers given are correct
Inventory management provides the systems that supports the management of? -
Answers - quantity of stock
, What, in sap, can be broadly defined as any physical object that a company needs to
identify that is purchased, manufactured or sold - Answers - material
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 business rules in sap is called - Answers
- configuration
What do validity dates represent in HCM - Answers - the start date and end date of an
event
A person in HCM represents what - Answers - an employee in the company who
occupies a position
Enterprise structure in HCM is the same thing as the_________ in the other modules -
Answers - organizational structure
HCM Master Data include what kind of data - Answers - employee information
All postings in FI are made in ___ - Answers - general ledger
How does SAP save transactional data to record financial transactions? - Answers -
postings, which are the process of entering the debit and credit amounts to ledgers
Chart of accounts in SAP is an ordered list of G/L accounts that are used by the
organization. It also provides a framework for creating G/L accounts. Which answer
contains all of the contents of the chart of accounts - Answers - the chart of accounts
listing contains the definition of each general ledger account including the account
number, account name, and type of account
For an asset, a credit signifies - Answers - the asset value has decreased
For a liability a debit signifies - Answers - the liability has decreased
The highest level in an enterprise. One sap system can be used for several independent
companies or subsidiaries of a company - Answers - client
Company code represents - Answers - a legal entity
An internal order is a type of cost object. What is a primary difference between an
internal order and a cost center - Answers - internal orders are temporary meaning they
have a specific dates
The operating concern organizational structure in CO supports which of the following
functions - Answers - profitability analysis functions in CO
