MISY 5340 EXAM 1
The customer who submits the order is the - ANSWERS-sold-to party.
A customer-material information record - ANSWERS-is comprised of
master data specific to one customer and one material.
Pricing conditions are - ANSWERS-" that companies use to
determine the selling
prices of their products. " - ANSWERS-
outline agreements - ANSWERS-are binding agreements made by
customers to purchase specific quantities or values of materials.
An example of outline agreements - ANSWERS-An example is a GBI
customer who enters into an outline agreement to purchase 1,000
standard touring bicycles over a six-month period for a specified
price.
scheduling agreement. - ANSWERS-a GBI customer could agree to
purchase 1,200 bicycles over the next six months and to accept
delivery of these bicycles on a specific schedule.
contracts - ANSWERS-the customer agrees to purchase bicycles
valued at $30,000 over the next six months.
, Movement type 101 describes - ANSWERS-A good receipt for a
purchase order
Which one of the following steps take place at the beginning of the
purchasing process? - ANSWERS-Create purchase requisition
Which of the following steps in the purchasing process is part of the
FI module? - ANSWERS-Create invoice receipt from vendor
Where are vendor master reports used? - ANSWERS-Both Financial
Accounting and Procurement
A request for quotation is legally binding - ANSWERS-FALSE
Goods shall remain property of the supplier until complete payment -
ANSWERS-TRUE
Which of the following process steps in the order to cash process
takes place first? - ANSWERS-Create customer inquiry
Are customer numbers clearly assigned to exactly one customer in an
SAP system? - ANSWERS-Yes
Is request for quotation legally binding - ANSWERS-Yes, a request
for quotation is legally binding.
The customer who submits the order is the - ANSWERS-sold-to party.
A customer-material information record - ANSWERS-is comprised of
master data specific to one customer and one material.
Pricing conditions are - ANSWERS-" that companies use to
determine the selling
prices of their products. " - ANSWERS-
outline agreements - ANSWERS-are binding agreements made by
customers to purchase specific quantities or values of materials.
An example of outline agreements - ANSWERS-An example is a GBI
customer who enters into an outline agreement to purchase 1,000
standard touring bicycles over a six-month period for a specified
price.
scheduling agreement. - ANSWERS-a GBI customer could agree to
purchase 1,200 bicycles over the next six months and to accept
delivery of these bicycles on a specific schedule.
contracts - ANSWERS-the customer agrees to purchase bicycles
valued at $30,000 over the next six months.
, Movement type 101 describes - ANSWERS-A good receipt for a
purchase order
Which one of the following steps take place at the beginning of the
purchasing process? - ANSWERS-Create purchase requisition
Which of the following steps in the purchasing process is part of the
FI module? - ANSWERS-Create invoice receipt from vendor
Where are vendor master reports used? - ANSWERS-Both Financial
Accounting and Procurement
A request for quotation is legally binding - ANSWERS-FALSE
Goods shall remain property of the supplier until complete payment -
ANSWERS-TRUE
Which of the following process steps in the order to cash process
takes place first? - ANSWERS-Create customer inquiry
Are customer numbers clearly assigned to exactly one customer in an
SAP system? - ANSWERS-Yes
Is request for quotation legally binding - ANSWERS-Yes, a request
for quotation is legally binding.
