BSIS 420 Chapter 4 Quiz Practice

Tolerance Groups are defined for each _______

• Group code

• Tax code

• Company code

• Release code

Organizational unit where a company carries out some of its business activities are configured in the system as a _________.

• Warehouse

• Service Center

• Manufacturing Unit

• Plant

Which step has a financial impact in the General Ledger and creates a material document?

• Purchase Requisition

• Purchase Order

• Goods Receipt

• Vendor Payment

__________ determines whether an invoice amount is to be divided into partial amounts with different due dates.

• Terms of payment

• Customer group

• Customer master

• Accounting clerk

Which is the primary parameter that helps in automatic account determination under Material Master?

• Moving price

• Account category reference

• Valuation class

• Valuation group code

Where is under and over delivery tolerances defined in Material Master?

• General data

• Purchasing data

• Storage data

• Accounting data

Which price control is used for valuing material produced in house, such as finished goods and semi-finished goods?

• Standard price

• Moving average price

• Valuation price

• Selling price

Material valuation is typically done at the _______ level.

• Company code

• Chart of accounts

• Client

• Plant

_________ is typically responsible for a specific material or group of materials

• Valuation class

• Purchasing group

• Purchasing info record

• Purchase order

Typically, materials produced in house (e.g.. finished goods and semi-finished goods are valued using _____ and materials that are purchased (e.g. raw materials and trading goods are valued using _______.

• MAP, SP

• MRP, SP

• SP, MAP

• SP, MRP