INFX 481 Final

Which process focuses on people within an organization and includes functions such as recruiting, hiring, training, and benefits management?

# Human Capital Management (HCM)
# Project Management
# Warehouse Management
# Management Accounting or Controlling (CO)
# Financial Accounting

Which process have an impact on an organization's finances? Two correct answers.

# Management Accounting or Controlling (CO)
# Human Capital Management (HCM)
# Financial Accounting
# Project Management

_________ enables an organization to optimize its product development process, from design to market, while ensuring that it compiles with industry, quality, and regulatory standards?

# Fulfillment Process
# Material Planning
#Project Management
# Procurement Process
# Lifecycle Data Management

Which process uses historical data and sales forecasts to plan which materials will be procured and produced?

# Fulfillment Process
# Material Planning
# Production Process
# Lifecycle Data Management
# Procurement Process

Which system supports business processes end to end?

# Management System
# Functional Structure
# Document System
# Accounting System
# Enterprise System

Which of the following are components of the procurement process? Three correct answers.

# Accounting
# Warehouse
# Purchasing
# Operations
# Sales

Which process tracks the financial impact of process steps with the goal of meeting legal reporting requirements?

# Financial Accounting
# Project Management
# Management Accounting or Controlling(CO)
# Warehouse Management
# Human Capital Management (HCM)

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?

# Fulfillment Process
# Production Process
# Procurement Process
# Material Planning
# Lifecycle Data Management

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?

# Human Capital Management (HCM)
# Financial Accounting
# Project Management
# Management Accounting or Controlling (HCM)
# Warehouse Management

Which process supports the design and development of products from the initial product idea stage through the discontinuation of the product?

# Material Planning
# Production Process
# Fulfillment Process
# Procurement Process
# Lifecycle Data Management

Which of the following statements regarding master data are true? Two correct answers.

# Master data change infrequently
# Master data define the structure of an enterprise
# Master data represent entities such as customers and vendors
# Master data are constantly changing
# Master data are a consequence of the execution of process steps.

______ reflect(s) the consequences of executing process steps.

# Material Groups
# Project Management
# Material Types
# Transaction Data
# Organizational Data

What type of materials is purchased from a vendor? Two correct answers.

# Raw Materials
# Semi-finished Goods
# Trading Goods
# Material Types
# Finished Goods

How many company codes can a plant belong to?

# One
# Four
# Three
# Two

Which of the following identify tasks that are scheduled to be completed in a process?

# Parameters
# Characteristics
# Key figures
# Online lists
# Work Lists

Which term is generally used to describe the ways that users can view and analyze data to help them make decisions and complete their tasks?

# Evaluating
# Key Figures
# Characteristics
# Reporting
# Online Analytic Processing (OLAP)

Which program is the "operating system" for an entire company's business processes?

# SAP Netweaver
# MS Operating system
# Linux
# Client
# SAP Enterprise System

Which of the following master data is used in numerous processes?

# Vendor Master
# Plant
# Customer Master
# Material Master
# Company Code

Which term refers to the technical structure of the software, how users interact with the software, and how the software is physically managed on computer hardware?

# Supply Chain Management
# SAP Netweaver
# Service Oriented Architechture
# Enterprise Resource Planning
# Architecture

Which of the following is (are) used to represent the structure of an enterprise?

# Enterprise system
# Plant
# Project Management
# Client
# Organizational Data

What are the primary ways in which an asset can be acquired? Three correct answers

# Internally by inventory tracking
# Externally without a vendor
# Externally by vendor
# Internally by production
# By asset liquidation

Which of the following statements concerning reconciliation accounts are true? Two correct answers.

# Reconciliation account for vendors is accounts receivable
# Reconciliation account for vendors is accounts payable
# Reconciliation account for customers is accounts payable
# Reconciliation account is a leading ledger
# Reconciliation account for customers is accounts receivable

From which of the following can financial statements be generated? Two correct answers.

# Operative chart of accounts
# Country-specific chart of accounts
# Revenue accounts
# Assets
# Liability accounts

When does a debit take place? Two correct answers.

# When revenue and liabilities decrease
# When assets and expenses increase
# Reconciliation account is a leading ledger
# When revenue and liabilities increase
# When assets and expenses decrease

Which of the following best describes the operative chart of accounts?

# Contain only accounts receivable transactions
# Contains only accounts payable transactions
# Used to enable companies to meet special country-specific reporting requirements

_____ indicates the financial condition of a company over a specific

# Statement of income
# Balance Sheet
# Chart of Accounts
# Income Statement

Which term refers to an ordered listing of accounts that comprise a company's general ledger?

# Chart of Accounts (COA)
# Balance Sheet
# General Ledger
# Bank Ledger

What is true about a business area? Three correct answers.

# It is an internal division of an enterprise
# It is associated with one company code
# It is used for external reporting
#It is associated with one client
# It helps management monitor performance

What are most common transaction types that occur during the life of an asset? Three correct answers

# Acquisition
# Depreciation
# Retirement
# Allocation
# Production

Which term is a general ledger account that consolidates data from a group of related sub-ledger accounts?

# Reconciliation account
# Line item display
# Sub-ledger
# Subsidiary ledger

What are the key stock types (statuses) utilized in purchasing, based on usability of materials? Three correct answers

# Stock in transit
# Blocked stock
# Stock on order
# Unrestricted use
# Stock in storage

Within the plant-level purchasing organization, also known as a plant-specific purchasing organization.

# One purchasing organization is responsible for multiple plants
# Only one purchasing organization for all plants
# One purchasing organization is responsible for all company codes in the enterprise
# Two or more purchasing organization are responsible for each plant
# Each plant has its own purchasing organization

A purchase order can be sent to which of the following?

#A purchasing organization and a purchasing group
#A vendor and a customer
#A purchasing organization and a plant
#A vendor and a plant

Which of the following is an intersection of combination of material data and vendor data?

#Search term
#Condition type
#Stock transfer
#Purchasing info record
#Third-party order

Which of the following statements about the goods receipt step are NOT true?

#It can occur during the production process
#It results in a decrease in inventory
#It can result in the creation of material and financial accounting documents
#Materials are placed in an appropriate storage location with an approximate status

Which G/L accounts are NOT impacted by the invoice verification step of the procurement process?

#Vendor account
#Goods receipt / invoice receipt account
#Inventory Account
#Accounts payable

Which of the following are master data that are NOT related to the purchasing process?

#Material Master
#Vendor master
#Vendor info records
#Purchasing Organization

Which of the following is NOT typically included in a production order?

#Sales Order
#BOM
#Routing
#Work Center

Which of the following documents are required for the invoice verification step of the procurement process? (3 correct answers)

#Material Master
#Purchase order
#Purchase requisition 
#Vendor invoice
#Material document

Which of the following data is NOT typically found in a customer purchase order?

#Material master
#Quantity
#Storage Location
#Price

In the fulfillment process, which department receives payment?

#Production
#Purchasing
#Sales
#Accounting

The customer credit management process assesses whether credit should be granted when: (3 correct answers)

#A sales order is created or changed
#The post goods issues step is performed during shipping
#Invoices are created or changed
#Delivery is authorized or changed

Which of the following statements about the goods receipt are NOT true

#Materials are placed in a appropriate storage location with an appropriate status
#It results in a decrease in inventory
#It can result in the creation of material and financial accounting documents
#It can occur during the production process

Which of the following departments in an organization are responsible for data in a customer master?

#HR
#Purchasing
#Information Technology
#Accounting
#Sales

Which of the following is the correct order of the Fulfillment Process?

A sales area is a unique combination of which of the following elements? (Three correct answers)

#Sales Organization
#Division
#Distribution Channel
#Client
#Company Code

The fulfillment process is integrated with which other processes? (Three correct answers)

#Asset management
#Management Accounting
#Project Systems
#Production

Material master data relevant to the fulfillment processes are defined for which of the following organizational levels? (Four correct answers)

#Plant
#Client
#Shipping Point
#Sales organization
#Distribution channel

In the fulfillment process, which department prepares and send the invoice?

#Sales
#Purchasing
#Accounting
#Production

In the fulfillment process, which department prepares and sends the quotation?

#Accounting
#Purchasing
#Production
#Sales

Which of the following is not a step in the production process?

#Order review
#Request Production
#Billing
#Production authorization
#Goods issue

Which one of the following best describes a work center?

#A location where value-added work needed to produce a material is carried out
#Another term used to describe an office building
#A storage shelf in a warehouse
#A shipping dock
#A location where materials are placed right before they are shipped

What term identifies the list of materials needed to produce one or more units of a finished good?

#Component listing
#Bill of components
#Routing
#Source Materials
#Bill of Materials

What data are included in a confirmation? (Three correct answers)

#Who completed the work
#How much raw material was used
#Who the material is to be shipped to
#Where the work was completed
#How much work was completed

Which of the following is not an outcome of a goods issue to a production order?

#The material master is updated to reflect the reduction in the quantity and value of the materials issued
#An FI document is created to record financial accounting data
#A goods receipt is automatically recorded
#Material reservations are updated
#Actual costs associated with material consumption are calculated

Which one of the following is NOT a type of organizational data relevant to the production process?

#Credit control area
#Plant
#Company code
#Storage location
#Client

What term describes two simultaneous series of operations needed to build components for a finished product?

# Line sequences
#Same sequences
#Parallel sequences
#Alternate sequences
#Production sequences

The creation of a production order results in several outcomes including all of the following except:

#Preliminary costing
#Purchase requisitions
#Scheduling
#Confirmation
#Availability checks

SAP ERP systems can communicate with (Three correct answers)

#PDC Systems
#Storage facilities
#Systems that automate tasks in work centers
#Shop floor control systems
#Transportation mode

Which are the following options when a production manager receives a planned order? (Three correct answers)

#Create an alternate planned order
#Reject the planned order
#Authorize the production
#Combine the planned order with other orders
#Return the order to purchasing

Which of the following represents a possible sequence of steps in the warehouse movement process?

#Generate a transfer order, physically move the materials, retrieve the transfer order, confirm the movement
#Create a transfer request, physically move the materials, confirm the movement, retrieve the transfer request
#Physically move the materials, generate a transfer order, confirm the movement, retrieve the transfer order
#Generate a transfer order, retrieve the transfer order, confirm the movement, physically move the materials

When creating a transfer order, you find that a particular material has to be moved from multiple source bins. Which of the following statements follows from this scenario?

#An internal order request will be created to move the material into one source bin
#The material will be written in one line item
#The transfer order will have multiple line items for the material
#This scenario is impossible
#Changing the material status from consignment to warehouse stock

For which of the following scenarios can storage location-to-storage location transfer be applied? (Two correct answers)

# Materials are moved via a stock transfer between plants in different company codes
# Materials are transferred from a temporary storage location in one plant to a permanent storage location in another plant
# Materials are initially stored in a temporary staging area and are subsequently moved to a permanent location within the same plant
# Materials are wrongly delivered to one plant and need to be relocated to another plant
#Materials received from a vendor are initially placed in a storage location for quality inspection to be performed before being placed in permanent location

Which of the following are examples of unplanned goods issue? (Three correct answers)

#Shipping goods to unplanned storage location
#Issuing materials to scrap
#Using materials for internal consumption
#Issuing materials for sampling
#Unplanned returns from customers

Which of the following typically are sources of a transfer requirement for warehouse movement? (Three correct answers)

#Invoice
#Purchase Order
#Production Order
#Material Document
#Delivery Document

Which of the following represents the hierarchy of a warehouse?

#Warehouse, storage bin, storage location, storage type
#Warehouse, storage type, storage bin, storage section
#Warehouse, storage type, storage section, storage bin
#Warehouse, storage section, storage type, storage bin

Which of the following elements are in a picking area?

#Shelves and pallets
#Materials with similar transportation type
#Storage bins, based on similar picking strategies
#Materials of the same material type

Which of the following are key master data elements in warehouse management? (Two correct answers)

#Storage Area
#Storage Bins
#Material Master
#Storage Section
#Warehouse

A storage type is a division of a warehouse based on the characteristics of the

#Space, materials, and activity
#Dimensions and profitability
#Weight, width, and type
#Price, space, and type

The key links between inventory management and warehouse management are

#Transfer Orders
#Association of storage locations to a warehouse
#Transfer postings
#Storage bins
#Storage locations

The main objective of material planning is

#To eliminate excess inventory
#To balance the demand for materials with the supply
#To minimize the expenses for storing excess inventory
#To shorten the duration of the procurement cycle
#To avoid lost sales

Which of the following statements concerning the outcome of the material planning process are TRUE? (Two correct answers)

#The outcome can trigger either the production or the procurement process
#The outcome triggers the sales and operations planning step
#The outcome can be multiple procurement proposals
#The outcome triggers the forecasting planning step
#The outcome is always a single procurement proposal

The MRP technique calculates the requirements for a material based on

#The materials’ dependence on other materials
#Current data
#Material Type
#Replenishment lead time
#Historical Data

Which of the following statements about consumption-based planning are TRUE? (Three correct answers)

#It is relatively more complicated compared with MRP
#It calculates the requirements for a material based on historical consumption data
#It takes into account dependencies between different materials
#It assumes that future consumption will follow the same pattern as past consumption
#It includes forecast-based planning as one of its categories

Which of the following statements concerning maintaining inventory at high levels are TRUE? (Three correct answers)

#Maintaining high levels of inventory can lead to serious write-offs
#The company may lose money storing excess inventory, but the customer’s interest must be the company’s highest priority
#Maintaining high levels of inventory can incur insurance costs
#Maintaining high levels of inventory is a recommended material planning policy
#The longer the materials remain in storage the more money the company loses

The lot size independent in-house production time is used in which of the following scenarios? (Three correct answers)

#Processing time is constant
#The lot size is fixed
#Processing time is long in comparison to the setup and interoperation times
#The quantity of material to be produced varies
#Processing time is very short compared to the setup and interoperation times

The master data elements in material planning are:

#Material masters, product types, storage location, vendors
#Product routings, product types, material masters, customers
#Product routings, bill of material, material masters, product groups
#Product types, product routings, material masters, product groups
#Material masters, storage location, product groups, product routings

Which of the following represents reasons why a company should maintain a safety stock? (Three correct answers)

#The ERP system can be configured to automatically prevent inventory from falling below the safety stock levels
#To avoid stock-outs
#Maintaining a safety stock will guarantee that supply meets demand
#To avoid lost sales
#Maintaining a safety stock of at least 20 pieces is mandatory in the ERP system

What is SOP used for?

#Creating an operational plan and material documents
#Calculating the financial impact of the material movements
#Forecasting and planning
#Tracking material movements
#Generating and executing the operations plan

The proposals that material planning generates typically are in the form of (Two correct answers)

#A material order list
#A planning proposal
#Purchase Requisitions
#Planned Orders
#Purchase List

Which of the following process can have a controlling (CO) impact? (Three Correct Answers)

#Production
#Warehouse management
#Fulfillment
#Inventory management
#Procurement

Which of the following processes can result in the creation of a financial (FI) document? (Four Correct Answers)

#Warehouse Management
#Inventory Management
#Production
#Fulfillment
#Procurement

Which of the following impacts to the general ledger accounts result when a company pays a vendor invoice? (Three Correct Answers)

#The vendor subledger account is credited
#The vendor subledger account is debited
#The bank account is debited
#The accounts payable reconciliation account is debited
#The bank account is credited

Which of the following statements apply to the goods issue step of the internal procurement process? (Three correct answers)

#The status of the materials in the receiving plant is "stock in transit"
#The status of the materials in the receiving plant is "unrestricted use"
#Both the material and FI documents are created
#The material document includes two line items for each location
#A material document is created, but FI documents are not

Which of the following statements concerning the procurement process are TRUE? (Three correct answers)

#The send payment step involves creation of an FI document
#Only one FI document is created
#Two material documents are created
#Goods Receipt
#Vendor billing is one of the steps

In a make-to-order strategy the production of finished goods or semifinished goods is most frequently triggered by a

#Production order
#Sales Order
#Purchase Order
#Goods issue
#Transfer order

Which statement about the production process is TRUE?

#It is triggered by the WM process
#The first step in an availability check
#The last step is confirmation
#No FI documents are created
#It involved issuing materials to the production order

In which of the following processes is a transfer order (TO) created?

#Warehouse management
#Production
#Inventory Management
#Procurement
#Fulfillment

What is the general ledger impact of the goods receipt step during a stock transfer?

#Debit COGS, credit inventory account
#Debit COGS, credit inventory
#Debit inventory, credit COGS
#Debit GR/IR, credit inventory
#There is no GL impact

Calculate the financial effect of a goods issue posting based on the following data: Procurement: Internal; Materials: Pens; Quantity shipped: 100; Valuation price at the receiving plant (for one pen): $2.30; Valuation price at the sending plant (for one pen): $2.40

#Debit GR/IR, credit inventory for $230.00
#No financial effect takes place at this step, so no FI document is created
#Debit inventory, credit COGS for $240.00
#Debit inventory, credit GR/IR for $230.00
#Debit and credit to the inventory account for $240.00

Your organization is implementing the Sales Order Management Business Process in SAP ERP. The implementation team asks your advice on the assignment of the Sales Order Management organizational levels to other SAP ERP organizational levels. Which of the following statements correctly describe the assignment of Sales Order Management organizational levels in SAP ERP? (3 correct answers)

#A plant can have many shipping points
#A sales organization can be assigned to multiple company codes
#A plant can only be assigned to one sales organization
#More than one distribution channel can be assigned to a sales organization
#A sales area can belong to only one company code

Sales Order Management can be integrated with Warehouse Management in SAP ERP during the shipping process. Which of the following steps in the shipping process will not take place if warehouse management is not active? (2 correct answers)

#FI documents are created
#Picking Information
#Posting a goods issue
#Printing of the transfer order
#Packing

Which of the following is not an advantage of Stock transport orders over stock transfers?

#Can plan for shipping and receiving
#Integration with MRP
#Can be done in one step
#Can post to consumption
#Can manage transportation and freight

A BOM can be used in which of the following: (3 correct answers)

#Production
#Material requirements planning
#Inventory management
#Moving average price calculation
#Warehouse management

Which of the following is the GL clearing account for purchasing?

#GR/IR account
#Accounts payable
#Accounts receivable
#Bank account
#Vendor sub-ledger

What is the CO impact in the confirmation step of the production process?

#Labor costs are transferred from the work centers to the production order
#The production order is credited by the value of the finished goods
#Material costs are debited to the production order as actual costs
#The finished goods inventory account is debited
#The manufacturing output settlement account is credited

What are the GL entries when a customer invoice is generated? (3 correct answers)

#The revenue account is credited
#The vendor subledger account is credited
#The accounts payable reconciliation account is debited
#The customer subledger account is debited
#The accounts receivable reconciliation account is debited

Which of the following statements regarding the goods receipt step of the external procurement process are TRUE? (3 correct answers)

#A goods receipt is created against an STO
#An FI document is created, but there is no GL impact
#Only one material document is created
#This step results in both an FI and a material document
#A goods receipt is created against a PO

Which of the following statements about the integrated process are TRUE? (3 correct answers)

#The fulfillment process continues when the finished products become available
#The process is triggered by a customer order
#The production process continues when the finished products become available
#The fulfillment process is suspended when the needed raw materials are not available
#The production process is suspended when the raw materials are not available

Which of the following statements are true regarding a work center? (2 correct answers)

#Operations in a BOM are carried out at Work Centers
#BOM components that are not assigned to an operation in a Routing are automatically assigned to the first operation
#A standard value is a planned value used to carry out an operation, such as the execution time
#Work centers can be assigned to operations based on the settlement rule in the order header
#A Work Center contains formula keys to assist in calculation of costing, scheduling, and capacity requirements