INFX 481 Final
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?
Project Management
Warehouse Management
Human Capital Management (HCM)
Financial Accounting
Management Accounting or Controlling (CO)
Which system supports business processes end to end?
Enterprise System
Accounting System
Document System
Management System
Functional Structure
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
Reporting
Online Analytic Processing (OLAP)
Characteristics
Which of the following is(are) used to represent the structure of an enterprise?
Client
Organziational Data
Plant
Enterprise system
Project Management
Which process focuses on people within an organization and includes functions such as recruiting, hiring, training, and benefits?
Warehouse Management
Project Management
Management Accounting or Controlling (CO)
Financial Accounting
Human Capital Management (HCM)
Which term refers to all of the activities involed in buying or acquiring the materials used by the organization, such as raw materials needed to make products?
Procurement Process
Material Planning
Fulfilment Process
Lifecycle Data Management
Production Process
_______ reflects the consequences of executing process steps.
Material Types
Transaction Data
Material Groups
Organizational Data
Project Management
Which process tracks the financial impact of process steps with the goal of meeting legal reporting requirements?
Warehouse management
Project Management
Human Capital Management (HCM)
Financial Accounting
Management Accounting or Controlling (CO)
What type of materials is purchased from a vendor? (Two correct answers)
Trading goods
Finished goods
Raw materials
In progress materials
Semi-finished goods
From which of the following can financial statements be generated? (TWO correct answers)
Operative chart of accounts
Liability accounts
Assets
Country-specific chart of accounts
Revenue accounts
Which term is a general ledger account that consolidates data from a group of related sub-ledger accounts?
Line item display
Subsidary ledger
Sub-ledger
Reconciliation account
What are the primary ways in which an asset can be acquired? (THREE correct answers)
Internally by inventory tracking
Internally by production
Externally by vendor
By asset liquidation
Externally without a vendor
Which term refers to an ordered listing of accounts that comprise a company's general ledger?
Gneral ledger
Balance sheet
Chart of accounts (COA)
Bank ledger
Which of the following best describes the operative chart of accounts?
Contains the operational accounts that are used to record the financial impact of an organization's day-to-day transactions
Used to enable companies to meet special country-specific reporting requirements
Contains only accounts payable transactions
Contains accounts that are used by multiple companies to consoliate their financial reporting
Contains only accounts receivable transactions
_________ indicates the financial condition of a company over a specific period of time.
Statement of Income
Income Statement
Balance Sheet
Chart of Accounts
What are the differences between cost and profit centers?
Second cost element
Primary cost element
Expense redistribution
Revenue generating
What type of materials is purches from a vendor? (Two correct answers)
Semi-finished goods
Finished goods
In progress materials
Raw materials
Trading goods
Which of the following statements concerning reconciliation accounts are true?
Reconcilliation account for customers is payable
Reconciliation account for vendors is payable
Reconciliation account for customers is recievable
Reconciliation account for vendors is recievable
What is true about a business area? (THREE correct answers)
It is used for external reporting
It is associated with one company code
It is an internal division of an enterprise
It helps management monitor performance
A purchase order can be created with a reference to which of the following? (THREE correct answers)
RFQ
Purchase order
Purchase info record
Sales order
Purchase requisition
Which of the following data is NOT typically found in a customer purchase order?
Quantity
Storage location
Material number
Price
Which of the following documents are required for the invoice verification step of the procurement process? (THREE correct answers)
Purchase order
Material document
Vendor invoice
Purchase requisition
Material master
Which of the following is an intersection or combination of material data and vendor data?
Third-party order
Search term
Stock transfer
Condition type
Purchasing info record
Which of the following are consequences of the goods receipt step in the procurement process? (FOUR correct answers)
An accounting document is created
The purchase order history is updated
The document flow is updated
A material document is created
The material master is updated
Which G/L accounts are NOT impacted by the invoice verification step of the procurement process>
Vendor account
Inventory account
Accounts payable
Goods receipt/invoice receipt account
A purchase order can be sent to which of the following?
A purchasing organization and a plant
A purchasing organization and a purchase group
A vendor and a plant
A vendor and a customer
What are the key stock types (statuses) utilized in purchasing, based on usability of materials? (THREE correct answers)
Stock in storage
Blocked stock
Unrestricted use
Stock in transit
Stock on order
Which of the following are master data that are NOT related to the purchasing process?
Vendor info records
Vendor master
Material master
Purchasing organization
Within the plant-level purchasing organization, also known as a plan-specific purchasing organization,
One purchasing organization is responsible for multiple plants
Two or more purchasing organizations are responsible for each plant
One purchasing organization is responsible for all company codes in the enterprise
Only one purchasing organization for all plants
Each plant has its own purchasing organization
Which of the following statements about the goods receipt step are NOT true?
Materials are placed in appropriate storage location with an appropriate status
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
In the fulfillment process, which department prepares and sends the invoice?
Sales
Accounting
Purchasing
Production
Which of the following departments in an organization are responsible for data in a customer master (TWO correct answers)
Purchasing
Sales
HR
Accounting
Information Technology
In the fulfilment process, which department prepares and sends the quotation?
Sales
Production
Purchasing
Accounting
The customer credit management process assesses whether credit should be granted when: (THREE correct answers)
A sales order is created or changed
Delivery is authorized or changed
Invoices are created or changed
The post goods issue step is performed during shipping
The fulfilment process is integreated with which other proces? (THREE correct answers)
Production
Asset management
Project systems
Management accounting
Procurement
Which of the following is the correct order of the Fulfilment Process?
Recieve Customer Inquiry, Receive Customer Purchase Order, Create Sales Order, Prepare and Send Shipment, Create and Send Invoice, Recieve Payment
Reeive Customer Purchase Order, Receive Customer Inquiry, Create Sales Order, Prepare and Send Shipment, Create and Send Invoice, Receive Payment
Receive Customer Inquiry, Receive Customer Purchase Order, Create Sales order, Create and Send Invoice, Prepare and Send Shipment, Recieve payment
Create Sales Order, Receive Customer Inquiry, Receive Customer Purchase Order, Prepare and Send Shipment, Create and Send invoice, Receive Payment
A sales area is a unique combination of which of the following elements? (THREE correct answers)
Company code
Distribution channel
Division
Client
Sales organization
Material master data relevant to the fulfilment processes are defined for which of the following organizational levels? (FOUR correct answers)
Plant
Client
Sales organization
Shipping point
Distribution channel
In the fulfillment process, which department receives payment?
Accounting
Purchasing
Sales
Production
Which of the following is not a step in the production process?
Production authorization
Goods issue
Request production
Order release
Billing
Which of the following best describes a work center?
Another term used to describe an office building
A shipping dock
A storage shelf in a warehouse
A location where value-added work needed to produce a material is carried out
A location where materials are placed right before they are shipped
Which term identifies the list of materials needed to produce one or more units of a finished good?
Bill of components
Component listing
Routing
Bill of materials
Source materials
Which of the following is not an outcome of a goods issue to a production order?
An FI document is created to record financial accounting data
Actual costs associated with material consumption are calculated
A goods receipt is automatically recorded
Material reservations are updated
The material master is updated to reflect the reduction in the quantity and value of the materials issued
Which one of the following is NOT a type of organizational data relevant to the production process?
Client
Plant
Company code
Storage location
Credit control area
The creation of a production order results in several outcomes including all of the following except
Purchase requisitions
Preliminary costing
Confirmation
Scheduling
Availability checks
What data are included in a confirmation? (THREE correct answers)
Where the work was completed
Who completed the work
Who the material is to be shipped to
How much raw material was used
How much work was completed
The master data relevant to the production process are (THREE correct answers)
Bills of material
Client
Company code
Material master
Work centers
A planned order is a formal request that indicates (THREE correct answers)
What materials are needed
When the materials are needed
Where the finished goods are to be shipped
How many units of a product are needed
Where the raw material are stored
Which of the following are options when a production manager receives a planned order? (THREE correct answers)
Create an alternate planned order
Authorize the production
Combine the planned order with other orders
Reject the planned order
Return the order to purchasing
Which of the following represent why a company should maintain a safety stock? (THREE correct answers)
Mainting a safety stock will guarantee that supply meets demand
Maintaining a safety stock of at least 20 pieces is mandatory in the ERP system
The ERP system can be configured to automatically prevent inventory from falling below the saftey stock levels
To avoid lost sales
To avoid stock-outs
The proposals the material planning generates typically are in the form of (TWO correct answers)
Purchase List
Planned orders
A planning proposal
Purchase requisitions
A material order list
What is SOP used for?
Creating an operational plan and material documents
Generating and executing the operations plan
Forecasting and planning
Tracking the material movements
Calculating the financial impact of the material movements
Which of the following statements concerning the outcome of material planning process are NOT TRUE? (THREE correct answers)
The outcome triggers the sales and operations planning step
The outcome triggers the forecasting planning step
The outcome is always a single procurement proposal
The outcome can trigger either the production or the procurement process
The outcome can be multiple procurement proposals
Which of the following statements concerning maintaining inventorty at high levels are TRUE? (THREE correct answers)
The longer the materials remain in storage, the more money the company loses
Maintaining high levels of inventory can lead to serious write-offs
Maintaining high levels of inventory can incur insurance costs
Maintaining high levels of inventory is a recommended material planning policy
The company may lose money storing excessive inventory, but the customer's interest must be the company's highest priority
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