MISY 5340 EXAM 1 QUESTIONS AND ANSWERS
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
Vendors are creditors of accounts receivable trade. - Answers - TRUE
Which of the following components is not part of a sales document? - Answers -
Document feed (There is no document feed in a SAP system)
The document header consists of data - Answers - That is valid for the complete sales
document
The document number is generated automatically while compiling the document -
Answers - TRUE
Which of the following can trigger the picking of material - Answers - Customer and
Production orders
Deliveries can only by picked completely - Answers - TRUE
Procurement - Answers - Buy
Fulfillment - Answers - Sell
Production - Answers - Produce
Lifecycle Data Management - Answers - Design
Material planning Process - Answers - Plan
, Inventory and Warehouse management - Answers - Store
Asset Management and Customer Service Processes - Answers - Service
Project Management processes - Answers - Projects
Financial Accounting Processes - Answers - Track - External
Management Accounting / Controlling Processes - Answers - Track - Internal
Balance Sheet - Answers - Assets = Liabilities + Equity
Income Statement - Answers - Profit & Loss
Income Statement - Answers - Revenues - Expenses = Net Income
Three stages of evolution: Stage 1 - Answers - Stand-alone Mainframe Systems
Three stages of evolution: Stage 2 - Answers - Client-Server Architecture
Three stages of evolution: Stage 3 - Answers - Service-Oriented Architecture (SOA)
Types of Data in Enterprise Systems - Answers - Organizational Data
Types of Data in Enterprise Systems - Answers - Master Data
Types of Data in Enterprise Systems - Answers - Transaction Data
Organizational Data - Answers - Defines the organizational structure of the enterprise
Organizational Data Includes definitions of: - Answers - Companies (Subsidiaries,
etc.),Divisions based on Product or Geographical Hierarchy,Sales
Organizations,Purchasing Organizations,Physical Facilities: Plants, Warehouses,
Distribution Centers,HR Organization,
Master Data - Answers - Defines key entities in an organization
Master Data Customers - Answers - Basic information: Name, Address, Contact
information, Financial information: Payment Terms, Methods, Sales information:
Delivery terms
Transaction Data - Answers - Data that is the consequence of day-to-day transactions
Transaction Data - Answers - Data that is the consequence of day-to-day transactions
.Who, what, when, where, how, how much
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
Vendors are creditors of accounts receivable trade. - Answers - TRUE
Which of the following components is not part of a sales document? - Answers -
Document feed (There is no document feed in a SAP system)
The document header consists of data - Answers - That is valid for the complete sales
document
The document number is generated automatically while compiling the document -
Answers - TRUE
Which of the following can trigger the picking of material - Answers - Customer and
Production orders
Deliveries can only by picked completely - Answers - TRUE
Procurement - Answers - Buy
Fulfillment - Answers - Sell
Production - Answers - Produce
Lifecycle Data Management - Answers - Design
Material planning Process - Answers - Plan
, Inventory and Warehouse management - Answers - Store
Asset Management and Customer Service Processes - Answers - Service
Project Management processes - Answers - Projects
Financial Accounting Processes - Answers - Track - External
Management Accounting / Controlling Processes - Answers - Track - Internal
Balance Sheet - Answers - Assets = Liabilities + Equity
Income Statement - Answers - Profit & Loss
Income Statement - Answers - Revenues - Expenses = Net Income
Three stages of evolution: Stage 1 - Answers - Stand-alone Mainframe Systems
Three stages of evolution: Stage 2 - Answers - Client-Server Architecture
Three stages of evolution: Stage 3 - Answers - Service-Oriented Architecture (SOA)
Types of Data in Enterprise Systems - Answers - Organizational Data
Types of Data in Enterprise Systems - Answers - Master Data
Types of Data in Enterprise Systems - Answers - Transaction Data
Organizational Data - Answers - Defines the organizational structure of the enterprise
Organizational Data Includes definitions of: - Answers - Companies (Subsidiaries,
etc.),Divisions based on Product or Geographical Hierarchy,Sales
Organizations,Purchasing Organizations,Physical Facilities: Plants, Warehouses,
Distribution Centers,HR Organization,
Master Data - Answers - Defines key entities in an organization
Master Data Customers - Answers - Basic information: Name, Address, Contact
information, Financial information: Payment Terms, Methods, Sales information:
Delivery terms
Transaction Data - Answers - Data that is the consequence of day-to-day transactions
Transaction Data - Answers - Data that is the consequence of day-to-day transactions
.Who, what, when, where, how, how much
