Chapter 1 Review Questions
1) Which term refers to business
processes that are not executed by a single group or function?
A) Silo Effect B) Cross-Functional
C) Functional Structure D) Enterprise
Systems
2) Which term refers to a system in
which workers complete their tasks in separate departments without regard to
the consequences for the other components of the process?
A) ERP Effect B) Silo Effect
C) Cross-Functional D) Functional
Structure
3) Which system supports business
process end to end?
A)
Enterprise System B) Management System
C) Functional Structure D) Document
System
4) Which of the following statements
about business process is true?
A) They are executed across multiple
functions
B) They are initiated by some type of
trigger
C) They involve multiple steps
D)
All of the above
5) Which term represents a set of tasks
or activities that produce desired outcomes?
A)
Business Process B)
Trigger
C) Outcome D) None of the above
6) Which term refers to all of the
activities involved in buying or acquiring the materials used by the
organization, such as raw materials needed to make products?
A) Material Planning B) Procurement Process
C) Production Process D) Fulfillment Process
7) Which process involves the actual
creation of the products?
A)
Production Process B)
Material Planning
C) Procurement Process D) Fulfillment Process
8) Which process uses historical data
and sales forecasts to plan which materials will be procured and produced?
A)
Material Planning B)
Procurement Process
C) Production Process D) Fulfillment Process
9) Which process supports the design
and development of products from the initial product idea stage through the
discontinuation of the product?
A) Material Planning B) Lifecycle Data Management
C) Production Process D) Fulfillment Process
10) Which process tracks the financial
impact of process steps with the goal of meeting legal reporting requirements?
A)
Financial Accounting B)
Human Capital Management
C) Project
Management D) Management
Accounting or Controlling
11) Which process is used to plan and execute
large projects such as the construction of a new factory or the production of
complex products such as airplanes?
A) Human Capital Management B) Project Management
C) Financial Accounting D)
Management Accounting or Controlling
12) Which process focuses on people
within an organization and includes functions such as recruiting, hiring,
training, and benefits management?
A)
Human Capital Management B) Project Management
C) Financial Accounting D) Management Accounting or
Controlling
13) What steps are involved in the
accounting portion of the procurement process?
A) Receiving the materials and the
invoice
B) Creating and sending the purchase
order
C) Creating the purchase requisition
and receiving the materials
D)
Receiving the invoice and sending payment
14) What is the first step of the
production process?
A) Authorize Production B) Request Production
C) Create Product D) Issue Raw Materials
15) What is the final step of the
procurement process?
A) Invoice B) Purchase Requisition
C) Purchase Order D) Payment
16) What function does the warehouse
perform in the fulfillment process?
A)
Prepares and sends the shipment to the customer
B) Communicates data related to the
order to other parts of the organization
C) Tracks the order
D) Notifies the customer
17)___ is concerned with matching the
demand for materials in the organization with the supply.
A) Business Planning B) The Silo Effect
C) Project Management D) Material Planning
18) Which of the following is concerned
with the storage and movement of materials
A) Business Planning B) Silo Effect
C) Material Planning D) Inventory and warehouse management
19)___ enables an organization to
optimize its product development process, from design to
A) Business Planning B) Lifecycle Data Management
C) Project Management D) Material Planning
20) Which of the following are steps
within a generic business process of an organization
A) Payment B)
Trigger
C) Shipment D)
Outcome
TRUE/FALSE. Write 'T' if the statement
is true and 'F' if the statement is false.
21) The most common organizational
structure within modern organizations is the functional structure. TRUE/FALSE
22) Losing sight of the big picture is
commonly referred to as the silo effect. TRUE/FALSE
23) Systems that support end-to-end
processes are called business processes. TRUE/FALSE.
24) An enterprise system is a set of
tasks or activities that produce desired outcomes. TRUE/FALSE.
25) Without the various steps of the
business process, a company can’t successfully bill customers and ship
products. TRUE/FALSE
26) The lifecycle data management
(design) process supports the design and development of products from the
initial product idea stage through the discontinuation of the product. TRUE/FALSE
27) The material planning process is
used to maintain internal assets such as machinery and to delivery after-sales
customer services such as repairs. TRUE/FALSE.
28) The fulfillment process (sell)
consists of all the steps involved in selling and delivering the products to
the organization’s customers. TRUE/FALSE
29) The financial accounting process
focuses on internal reporting to manage costs and revenues. TRUE/FALSE.
30) The procurement process includes
all of the tasks involved in acquiring needed materials. TRUE/FALSE
31) Within the production process, the
issuing of raw materials takes place in the warehouse. TRUE/FALSE
32) The purpose of material planning is
to match supply with demand. TRUE/FALSE
33) Insufficient supply results in a
situation called “stock out". TRUE/FALSE
34) Common reports of financial
accounting include income statement, profit and loss, and balance sheet. TRUE/FALSE
35) Management accounting helps an
organization track costs and revenues to assess its profitability. TRUE/FALSE
Chapter 2
Multiple Answer
Questions
True-False
Questions
Chapter
3 Review Questions
1)
_ _____ is concerned with recording the financial impacts of business processes
as they are executed.
A) Financial accounting (Fl) B) Controlling (CO)
C) Bank ledger accounting D) N one of the
above
2)
Which of the following is a key process in financial accounting?
A)
Sales order processing B) Accounts receivable
accounting
C) Credit management D) Income verification
3)
Which process is used to manage money owed by customers for goods and services purchased
from the company?
A) Accounts receivable accounting B) Fixed
asset accounting
C) Bank ledger accounting D)
All of the above
4)
_ _______ are internal divisions of an enterprise that are used to define areas
of responsibility or to meet the external reporting requirements of an
enterprise segment.
A)
Cost centers B) Business area
C)
Depreciation areas D) Sub- ledgers
5)
Which term refers to an ordered listing of accounts that comprise a company's
general ledger?
A)
General ledger B) Balance
sheet
C) Chart of accounts (COA) D) Bank ledger
6)
Which term represents what a company owns, such as cash, inventory of
materials, and buildings?
A)
Liabilities B) Equity C) Assets D)
Revenues
7)
Which term represents what a company owes to others, including money owed to
vendors and loans from financial institutions?
A)
Liabilities B) Equity C) Assets D) Revenues
8)
Which term represents the monies a company earns by selling its products and
services?
A)
Liabilities B) Equity C) Assets D)
Revenues
9)
Which term represents the costs associated with creating and selling products
and services?
A)
Assets B) Expenses C)
Liabilities D) Equity
10)
Which element is a part of the typical company code data in general ledger
account?
A)
Tax- related data B) Field status
groups
C)
Line item display D) All of the above
11)
Which term is a general ledger account that consolidates data from a group of
related sub- ledger accounts?
A)
Sub- ledger B) Reconciliation account
C)
Line item display D) None of the
above
12)
Which of the following is used to implement multiple ledgers and use each
ledger for different purposes?
A)
Financial accounting document B) Subsidiary
ledger
C)
Sub- ledger D) Parallel accounting
13)
Which type of asset has a physical form?
A)
Master asset B) Tangible asset C) Informal asset D) Intangible asset
14)
Which type of asset has a non- physical form?
A) Intangible asset B) Master asset C) Tangible
asset D) Informal asset
15)
Which of the following is used to report data needed to meet legal and
regulatory requirements?
A)
Assets B) Equity C) Tangible document D) Financial statement
16)
Which of the following is not a mode of acquiring an asset for a company?
A)
Acquiring internally via the production process
B)
Acquire from a vendor using the purchasing process
C)
Acquire from a vendor without using the purchasing process
D) Selling equipment
17)
All of the following are transaction types that occur during the life of an asset
except
A)
Acquisition B) Depreciation C) Allocation D) Retirement
18)
Balance sheet accounts are grouped into which of the following categories?
A)
Revenue B) Assets C)
Liabilities D) Equity
19)
An organization can possess which of the following types of assets?
A) Tangible B) Intangible C)
Financial D) Economic
20)
Tangible assets can include which of the following?
A) Computers B) Bonds C) Production Machinery D) Real Estate
21)
W hat is true about a business area?
A) It is a internal division of an
enterprise
B) It helps management monitor performance
C) It is used for external reporting
D)
It is associated with one company code
22)
Which of the following are types of chart of accounts?
A) Operative COA B) Country
specific COA
C)
Active COA D) Group COA
23)
What does the COA data include?
A) Client segment B) Storage location segment
C)
Plant segment D) Company code segment
24)
Which attributes are present in the FI document items?
A) Amount B) Posting key C) Document type D) Currency
25)
Which attributes are present in the FI document header?
A) Document type B) Posting date C) Currency D) Amount
26)
When does a credit take place?
A) When assets and expenses decrease
B)
When assets and expenses increase
C)
When revenue and liabilities decrease
D)
When revenue and liabilities increase
TRUE/FALSE.
Write ʹTʹ if the statement is true and ʹFʹ if the statement is false.
27) Accounting processes are broadly divided
into two main categories: Financial accounting and management accounting
Answer:
True False
28)
Financial accounting (FI) is concerned with recording the financial impacts of
business processes as they executed.
Answer:
True False
29)
Management Accounting (CO) is intended primarily for audiences outside the
organization.
Answer:
True False
30)
The general ledger is used to record the financial impacts of business process
steps.
Answer:
True False
31)
A chart of accounts (COA) is an ordered listing of accounts that comprise a
companyʹ s general ledger.
Answer:
True False
32)
Liabilities are what the company owns, such as cash, land, and buildings.
Answer:
True False
33)
Account currency determines the currency in which all the transactions are
recorded.
Answer:
True False
34)
An increase in an asset account or an expense account results in a credit
posting.
Answer:
True False
35)
An increase in revenue or liability results in a debit posting.
Answer:
True False
36)
Accounts payable accounting is concerned with vendors. 36) ______
Answer:
True False
37)
Accounts receivable accounting is concerned with customers.
Answer:
True False
38)
Intangible assets are physical items such as buildings, machinery, and
computers.
Answer:
True False
39)
Tangible assets are non- physical items such as trademarks and patents.
Answer:
True False
40)
Reporting within financial accounting is divided into two categories:
generating financial statements and displaying account information.
Answer:
True False
Which one of the following is not a type of organizational data that is utilized in the procurement process?
a. Client
b. Company Code
c. Storage Location
d. Purchasing Organization
e. Manufacturing Plant
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2.
|
What is a storage location?
a. The place where raw materials are received
b. The place within a plant where materials are kept until they are needed
c. The place where materials are collected for staging and inspection
d. The place within a plant where machines are installed for production purposes
e. The place within a plant where finished goods are kept for sale
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3.
|
A purchasing organization is involved in all of the following operations except
a. Negotiating contracts and agreements
b. Negotiating pricing with vendors
c. Evaluating and identifying vendors
d. Determining storage locations within the plant
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4.
|
Which one of the following is not a model of the purchasing organization?
a. Enterprise level
b. Company level
c. Client level
d. Plant level
e. Cross-plant
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5.
|
Within the plant-level purchasing organization, also known as a plant-specific purchasing Organization,
a. Each plant has its own purchasing organization
b. One purchasing organization is responsible for multiple plants
c. Only one purchasing organization for all plants
d. One purchasing organization is responsible for all company codes in the enterprise
e. Two or more purchasing organizations are responsible for each plant
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6.
|
Which one of the following is not one of the data types that are relevant to the purchasing process?
a. Material master
b. Vendor master
c. Sales master
d. Purchasing info records
e. Conditions
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7.
|
The key data in the purchasing view of the material master are
a. The purchasing organization, the goods receipt processing time, and the delivery tolerances
b. The purchasing group, the goods receipt processing time, and the delivery tolerances
c. The purchasing group, the invoice, and the delivery tolerances
d. The purchasing group, the material master, and the delivery tolerances
e. The price, the storage location, and the delivery date
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8.
|
Data in the vendor master are grouped into which three segments?
a. General data, storage data, and purchasing data
b. General data, storage data, and inventory data
c. Storage data, accounting data, and purchasing data
d. Storage data, accounting data, and pricing data
e. General data, accounting data, and purchasing data
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9.
|
General data in a vendor master contain all of the following except:
a. Name
b. Address
c. Communication
d. Payment terms and methods
e. Search term
|
10.
|
Which of the following is an intersection or combination of material data and vendor data?
a. Condition type
b. Purchasing info record
c. Stock transfer
d. Third-party order
e. Search term
|
11.
|
Which item category would you use to have your vendor ship goods directly to your customer?
a. Consignment
b. Third-party
c. Stock transfer
d. Standard
e. Transfer posting
|
12.
|
A FI document includes a header and an items section. Which of the following data are
included in the items section?
a. Document number
b. Account
c. Storage location
d. Document date
e. Document currency
|
13.
|
Which of the following statements about a plant is not true?
a. A plant can be assigned to more than one company code
b. A company code can have more than one plant
c. A plant is a key organizational element in purchasing
d. A plant can be assigned to only one company code
e. A plant must have at least one storage area
|
14.
|
Which of the following goods movements need not involve a physical movement of materials?
a. Goods receipt
b. Goods issue
c. Stock transfer
d. Transfer posting
e. None of the above (all involve physical movement of materials)
|
15.
|
Which element of the requirements determination process involves creating the requisition?
a. Data
b. Task
c. Trigger
d. Outcomes
e. None of the above
|
16.
|
A company can use which of the following to select a vendor from a list of potential suppliers?
a. Source list
b. Company code
c. Vendor master
d. Material master
e. None of the above
|
17.
|
Which element of a purchase order includes communicating with the vendor?
a. Trigger
b. Data
c. Task
d. Outcome
e. None of the above
|
18.
|
Which item is included in the header of a purchase order?
a. Order quantity
b. Vendor
c. Delivery date
d. Price
e. None of the above
|
19.
|
SAP can utilize which of the following media to communicate with a vendor?
a. Web services
b. EDI
c. Fax
d. Print
e. All of the above
|
20.
|
Which element of the payment step includes selecting a bank?
a. Trigger
b. Data
c. Outcome
d. Task
e. None of the above
|
21.
|
Which of the following facilitates the integration between vendor master data and financial
accounting?
a. Vendor account number
b. Reconciliation account
c. Accounts payable number
d. Material number
e. Accounts receivable number
|
22.
|
Which of the following are organizational elements in purchasing?
a. Shipping point
b. Company code
c. Vendors
d. Materials
e. Plant
|
23.
|
Which of the following statements about storage locations are true?
a. A storage location must be assigned to a plant
b. A storage location can be assigned to more than one plant
c. A client can have more than one storage location
d. A plant can have more than one storage location
e. A storage location can hold only materials with a stock status of unrestricted use
|
24.
|
Which of the following are organizational elements in purchasing?
a. Sales organization
b. Purchasing area
c. Plant
d. Vendor
e. Storage location
|
25.
|
Which of the following are master data that are related to the purchasing process?
a. Material master
b. Vendor master
c. Vendor info records
d. Purchasing organization
e. Customer master
|
26.
|
Which of the following are methods of valuing materials?
a. Actual price
b. Standard price
c. Purchasing price
d. Moving (average) price
e. Selling price
|
27.
|
Which of the following data categories are included in a purchasing info record?
a. Freight
b. Discounts
c. Material number
d. Vendor address
e. Texts
|
28.
|
Which of the following organizational data are required when creating a purchase
requisition?
a. Sales organization
b. Company code
c. Storage location
d. Purchasing organization
e. Purchasing group
|
29.
|
Storage locations are places within a plant were materials are kept until they are needed.
Answer: T
|
30.
|
There can only be one storage location within a plant.
Answer: F
|
31.
|
Typically, there are three models of purchasing organizations: enterprise-level, company-level, and plant-level.
Answer: T
|
32.
|
The enterprise‐level purchasing organization is also known as the cross‐company code purchasing organization.
Answer: T
|
33.
|
The company-level purchasing organization is the most centralized model.
Answer: F
|
34.
|
The enterprise-level purchasing organization is the most centralized model.
Answer: T
|
35.
|
A plant can belong to more than one company code.
Answer: F
|
36.
|
The most decentralized model of purchasing organizations is the plant‐specific purchasing organization.
Answer: T
|
37.
|
A purchasing organization is an individual or a group of individuals who are responsible for purchasing activities for a material or group of materials.
Answer: F
|
38.
|
Vendor master data include the data needed to conduct business with a vendor and to execute transactions related to the procurement process.
Answer: T
|
39.
|
Different material types have different required material views.
Answer: T
|
40.
|
Material master data can be defined differently for different organizational levels.
Answer: T
|
41.
|
A purchasing info record is an intersection or combination of material and accounting data.
Answer: F
|
42.
|
Item categories in a purchase order determine the process steps used to procure materials.
Answer: T
|
43.
|
Consumable materials are acquired to be used within an organization.
Answer: T
|
44.
|
A plant-to-plant movement of goods does not generate an accounting document.
Answer: F
|
45.
|
A stock transfer does not involve a change in storage location.
Answer: F
|
46.
|
A transfer posting does not generate a material document.
Answer: F
|
47.
|
The material master is updated after the goods receipt step of the procurement process has been completed.
Answer: T
|
48.
|
Invoice verification authorizes payment of the invoice to the vendor.
Answer: T
Chapter 5 Review Questions
1) Which of
the following key organizational elements are unique to the fulfillment
process?
A) Sales area B)
Credit control area
C) Shipping point D) Plant
2) Which of
the following are the typical distribution channels? 2) _______
A) Wholesale
B) Sales area C) Online D)
Retail
3) A sales
area is a unique combination of which of the following elements? 3) _______
A) Sales organization B) Distribution channel
C) Division
D) Client
4) Which of
the following can serve as an example of a plant? 4) _______
A) A manufacturing facility B) An office building
C) A storage facility D)
A distribution channel
5) Material
master data are grouped into views. Which of the following views are used in
fulfillment?
A) Basic data
B) Client data
C) Sales organization data D) Sales plant data
6) The three
segments into which the data in the customer master are divided are
A) Financial accounting data B) Sales area data
C) General data D)
Basic data
7) What are
the partner functions that customers can play in the fulfillment process?
A) Sold- to party B)
Bill- to party
C) Ship- to party D)
Payer
8) Organizational
data in a sales order include which of the following? 8) _______
A) Client B)
Company code
C) Sales area
D) Purchasing organization
9) All of the
following are key organizational elements in the fulfillment process except
A) Warehouse
B) Client C) Company code D) plant
10) Which one
of the following combinations of organizational elements is included in the
definition of a sales area?
A) Sales organization, distribution channel,
division
B) Sales
organization, company code, division
C) Client,
distribution channel, division
D) Client,
plant, division
11) I n the
fulfillment process, a plant is 11) _____
A) A facility from which the company delivers
products and services to its customers
B) A storage
area
C) A
manufacturing facility only
D) A facility
from which the company provides after- sales support
12) Which
master data do companies use to determine the prices of their products?
A) Pricing conditions B) Price comparison
C) Selling
price D) Wholesale price
13) Which
action triggers sales order processing in the fulfillment process? 13) _____
A) Delivery of
goods to the customer B)
Receipt of a customer purchase order
C) Receipt of
goods from a vendor D) Picking goods for shipment
14) What is
the final step in the fulfillment process? 14) _____
A) Delivery of goods to the customer B) Receipt of goods from a vendor
C) Receipt of
a customer purchase order D) Picking goods for shipment
15) Which one
of the following represents the correct order of process steps for the
fulfillment process?
A) Sales order
processing, pre- sales activity, inventory sourcing, shipping, billing, payment
B) Sales order
processing, pre- sales activity, inventory sourcing, billing, payment
C) Pre- sales activity, sales order processing,
inventory sourcing, shipping, billing, payment
D) P re- sales
activity, sales order processing, shipping, billing, inventory sourcing, payment
16) Which of
the following types of data is NOT included in a quotation in the fulfillment
process?
A) Vendor master B) Customer master
C) Material
master D) P ricing conditions
17) Which of
the following organizational levels is NOT relevant to the fulfillment process?
A) Purchasing organization B) S hipping point
C) Storage
location D) S ales area
18) Which of
the following organizational level is associated with a company ʹ s product line? 18) _____
A) Sales
organization B) Sales area
C)
Distribution channel D) Division
19) Which of
the following organizational levels is associated with the method used to
distribute materials to a customer?
A) Distribution channel B) S ales organization
C) Division D)
S ales group
20) Which of
the following statements regarding customer master data is NOT true?
A) They
contain data that are needed to make postings in FI
B) They are
valid for a specific sales are
C) They include data that are needed to make
postings in CO
D) They
include data that are stored at the client level.
21) Which of
the following is NOT a key step in the fulfillment process? 21) _____
A) S ales
order processing B) Shipping
C) P re- sales
activity D) Invoice verification
22) P re-
sales activity includes all of the following except 22) _____
A) Customer
inquiries B) Quotations
C) Customer purchase orders D)
M ailing campaigns
23) Which
reporting options does SAP ERP system support? 23) _____
A) Online lists
B) Work lists C) Analytics D)
All of the above
TRUE/FALSE.
Write ʹTʹ if the statement is true and ʹFʹ if
the statement is false.
24) Organizational element essential to the
fulfillment process include client, company code, sales are, and plant. TRUE/FALSE
25) A company
code is divided into several sales organizations, each of which is responsible
for the sale and distribution of goods and services for a particular
geographical area. TRUE/FALSE
26) A sales
organization is responsible for negotiating terms and conditions of sales for a
particular market. TRUE/FALSE
27) A company
code must have at least two sales organizations. TRUE/FALSE
28) A
distribution channel is the means by which a company delivers its goods and
services to its customers. TRUE/FALSE
29) A sales
organization must have at least two divisions TRUE/FALSE
30) A sales
area can be assigned to only one company code. TRUE/FALSE
31) A shipping
point is a location in a plant at which inbound deliveries are received. TRUE/FALSE
32) In the
case of products, a plant is typically an office building. TRUE/FALSE
33) A plant
must have at least one shipping point, which must be physically located in that
plant. TRUE/FALSE
34) Customer
master data include data needed to conduct business with customers and to
execute transactions that are related specifically to the fulfillment process. TRUE/FALSE
35) A
customer- material information record is comprised of master data specific to
one customer and one material. TRUE/FALSE
36) Pre- sales
activity is often triggered by a communication from a customer such as a purchase
order. TRUE/FALSE
37) An inquiry
is a request for information regarding a potential order that the customer
places with the company. TRUE/FALSE
38) T he final
step in the fulfillment process is the receipt of payment from the customer. TRUE/FALSE
39) Customer
master data are used in the fulfillment process for generating an invoice for
materials or services. TRUE/FALSE
40) The
fulfillment process acts as a stand- alone process and cannot be integrated
with other processes within an organization. TRUE/FALSE
41) A sales
area can be assigned to multiple company codes. TRUE/FALSE
42) A
distribution channel can be assigned to multiple company codes. TRUE/FALSE
43) A
distribution channel can be assigned to multiple sales areas. TRUE/FALSE
44) A sales
area can have many distribution channels. TRUE/FALSE
45)
Distribution channels can be used to differentiate between wholesale, retail,
and Internet sales strategies. TRUE/FALSE
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