INFX 481 Final

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INFX 481 Final
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2015-12-01 13:32:21
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FALL 2015 INFX 481 FINAL
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  1. 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
    Human Capital Management (HCM)
  2. 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
    Management Accounting or Controlling (CO)

    Financial Accounting
  3. _________ 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
    Lifecycle Data Management
  4. 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
    Material Planning
  5. Which system supports business processes end to end?

    # Management System
    # Functional Structure
    # Document System
    # Accounting System
    # Enterprise System
    Enterprise System
  6. Which of the following are components of the procurement process? Three correct answers.

    # Accounting
    # Warehouse
    # Purchasing
    # Operations
    # Sales
    • Accounting
    • Warehouse
    • Purchasing
  7. 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)
    Financial Accounting
  8. 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
    Procurement Process
  9. 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
    Project Management
  10. 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
    Lifecycle Data Management
  11. 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.
    Master data represent entities such as customers and vendors

    Master data are a consequence of the execution of process steps
  12. ______ reflect(s) the consequences of executing process steps.

    # Material Groups
    # Project Management
    # Material Types
    # Transaction Data
    # Organizational Data
    Transaction Data
  13. What type of materials is purchased from a vendor? Two correct answers.

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

    Trading Goods
  14. How many company codes can a plant belong to?

    # One
    # Four
    # Three
    # Two
    One
  15. Which of the following identify tasks that are scheduled to be completed in a process?

    # Parameters
    # Characteristics
    # Key figures
    # Online lists
    # Work Lists
    Work Lists
  16. 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)
    Reporting
  17. Which program is the "operating system" for an entire company's business processes?

    # SAP Netweaver
    # MS Operating system
    # Linux
    # Client
    # SAP Enterprise System
    SAP Netweaver
  18. Which of the following master data is used in numerous processes?

    # Vendor Master
    # Plant
    # Customer Master
    # Material Master
    # Company Code
    Material Master
  19. 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
    Service Oriented Architecture
  20. Which of the following is (are) used to represent the structure of an enterprise?

    # Enterprise system
    # Plant
    # Project Management
    # Client
    # Organizational Data
    Organizational Data
  21. 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
    • Externally by vendor
    • Internally by production
    • Externally without a vendor
  22. 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
    Reconciliation account for vendors is account payable

    Reconciliation account for customers is accounts receivable
  23. 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
    Operative chart of accounts

    Country-specific chart of accounts
  24. 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
    When assets and expenses increase

    When revenue and liabilities decrease
  25. 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
    Contains the operational accounts that are used by multiple companies to consolidate their financial reporting
  26. _____ indicates the financial condition of a company over a specific

    # Statement of income
    # Balance Sheet
    # Chart of Accounts
    # Income Statement
    Income Statement
  27. 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
    Chart of Accounts (COA)
  28. 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
    It is an internal division of an enterprise

    It helps management monitor performance

    It is used for external reporting
  29. What are most common transaction types that occur during the life of an asset? Three correct answers

    # Acquisition
    # Depreciation
    # Retirement
    # Allocation
    # Production
    Acquisition

    Depreciation

    Retirement
  30. 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
    Reconciliation account
  31. 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
    Stock in transit

    Blocked stock

    Unrestricted use
  32. 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
    Each plant has its own purchasing organization
  33. 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
    A vendor and a plant
  34. 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
    Purchasing info record
  35. 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
    It results in a decrease in inventory
  36. 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
    Inventory Account
  37. Which of the following are master data that are NOT related to the purchasing process?

    #Material Master
    #Vendor master
    #Vendor info records
    #Purchasing Organization
    Purchasing Organization
  38. Which of the following is NOT typically included in a production order?

    #Sales Order
    #BOM
    #Routing
    #Work Center
    Sales Order
  39. 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
    • Purchase order
    • Vendor invoice
    • Material document
  40. Which of the following data is NOT typically found in a customer purchase order?

    #Material master
    #Quantity
    #Storage Location
    #Price
    Storage Location
  41. In the fulfillment process, which department receives payment?

    #Production
    #Purchasing
    #Sales
    #Accounting
    Accounting
  42. 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
    • A sales order is created or changed
    • The post goods issue step is performed during shipping
    • Delivery is authorized or changed
  43. 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
    It results in a decrease in inventory
  44. Which of the following departments in an organization are responsible for data in a customer master?

    #HR
    #Purchasing
    #Information Technology
    #Accounting
    #Sales
    • Accounting
    • Sales
  45. Which of the following is the correct order of the Fulfillment Process?
    • Receive customer inquiry
    • receive customer purchase order
    • create sales order
    • prepare and send shipment
    • create and send invoice
    • receive payment
  46. A sales area is a unique combination of which of the following elements? (Three correct answers)

    #Sales Organization
    #Division
    #Distribution Channel
    #Client
    #Company Code
    • Sales Organization
    • Division
    • Distribution Channel
  47. The fulfillment process is integrated with which other processes? (Three correct answers)

    #Asset management
    #Management Accounting
    #Project Systems
    #Production
    • Management Accounting
    • Project Systems
    • Production
  48. 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
    • Plant
    • Client
    • Sales Organization
    • Distribution Channel
  49. In the fulfillment process, which department prepares and send the invoice?

    #Sales
    #Purchasing
    #Accounting
    #Production
    Accounting
  50. In the fulfillment process, which department prepares and sends the quotation?

    #Accounting
    #Purchasing
    #Production
    #Sales
    Sales
  51. Which of the following is not a step in the production process?

    #Order review
    #Request Production
    #Billing
    #Production authorization
    #Goods issue
    Billing
  52. 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
    A location where value-added work needed to produce a material is carried out
  53. 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
    Bill of Materials
  54. 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
    • Who completed the work
    • Where the work was completed
    • How much work was completed
  55. 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
    A goods receipt is automatically recorded
  56. 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
    Credit control area
  57. 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
    Parallel sequences
  58. The creation of a production order results in several outcomes including all of the following except:

    #Preliminary costing
    #Purchase requisitions
    #Scheduling
    #Confirmation
    #Availability checks
    Confirmation
  59. 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
    • PDC Systems
    • Systems that automate tasks in work centers
    • Shop floor control systems
  60. 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
    • Reject the planned order
    • Authorize the production
    • Combine the planned order with other orders
  61. 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
    Generate a transfer order, physically move the materials, retrieve the transfer order, confirm the movement
  62. 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
    The transfer order will have multiple line items for the material
  63. 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
    • Materials are initially stored in a temporary staging area and are subsequently moved to a permanent location within the same 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
  64. 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
    • Issuing materials to scrap
    • Using materials for internal consumption
    • Issuing materials for sampling
  65. 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
    • Production Order
    • Material Document
    • Delivery Document
  66. 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
    Warehouse, storage type, storage section, storage bin
  67. 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
    Storage bins, based on similar picking strategies
  68. Which of the following are key master data elements in warehouse management? (Two correct answers)

    #Storage Area
    #Storage Bins
    #Material Master
    #Storage Section
    #Warehouse
    • Storage Bins
    • Material Master
  69. 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
    Space, materials, and activity
  70. 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
    Association of storage locations to a warehouse
  71. 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
    To balance the demand for materials with the supply
  72. 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 outcome can trigger either the production or the procurement process
    • The outcome can be multiple procurement proposals
  73. 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
    The materials’ dependence on other materials
  74. 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
    • It calculates the requirements for a material based on historical consumption data
    • It assumes that future consumption will follow the same pattern as past consumption
    • It includes forecast-based planning as one of its categories
  75. 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
    • Maintaining high levels of inventory can lead to serious write-offs
    • Maintaining high levels of inventory can incur insurance costs
    • The longer the materials remain in storage the more money the company loses
  76. 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
    • Processing time is constant
    • The lot size is fixed
    • Processing time is very short compared to the setup and interoperation times
  77. 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
    Product routings, bill of material, material masters, product groups
  78. 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
    • The ERP system can be configured to automatically prevent inventory from falling below the safety stock levels
    • To avoid stock-outs
    • To avoid lost sales
  79. 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
    Forecasting and planning
  80. 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
    • Purchase Requisitions
    • Planned Orders
  81. Which of the following process can have a controlling (CO) impact? (Three Correct Answers)

    #Production
    #Warehouse management
    #Fulfillment
    #Inventory management
    #Procurement
    • Production
    • Fulfillment
    • Procurement
  82. 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
    • Inventory Management
    • Production
    • Fulfillment
    • Procurement
  83. 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
    • The vendor subledger account is debited
    • The accounts payable reconciliation account is debited
    • The bank account is credited
  84. 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
    • The status of the materials in the receiving plant is "stock in transit"
    • Both the material and FI documents are created
    • The material document includes two line items for each location
  85. 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
    • The send payment step involves creation of an FI document
    • Goods Receipt
    • Vendor billing is one of the steps
  86. 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
    Sales Order
  87. 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
    It involved issuing materials to the production order
  88. In which of the following processes is a transfer order (TO) created?

    #Warehouse management
    #Production
    #Inventory Management
    #Procurement
    #Fulfillment
    Warehouse management
  89. 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
    There is no GL impact
  90. 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
    Debit and credit to the inventory account for $240.00
  91. 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
    • A plant can have many shipping points
    • More than one distribution channel can be assigned to a sales organization
    • A sales area can belong to only one company code
  92. 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
    • Posting a goods issue
    • Printing of the transfer order
  93. 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
    Can be done in one step
  94. 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
    • Production
    • Material requirements planning
    • Moving average price calculation
  95. Which of the following is the GL clearing account for purchasing?

    #GR/IR account
    #Accounts payable
    #Accounts receivable
    #Bank account
    #Vendor sub-ledger
    • GR/IR account
    • Vendor sub-ledger
  96. 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
    Labor costs are transferred from the work centers to the production order
  97. 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
    • The revenue account is credited
    • The customer subledger account is debited
    • The accounts receivable reconciliation account is debited
  98. 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
    • 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
  99. 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
    • The fulfillment process continues when the finished products become available
    • The process is triggered by a customer order
    • The production process is suspended when the raw materials are not available
  100. 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
    • A standard value is a planned value used to carry out an operation, such as the execution time
    • A Work Center contains formula keys to assist in calculation of costing, scheduling, and capacity requirements

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