Introduction to Business Processes

Which organizational element(s) control(s) the entry of accounting data in the vendor master?

The key data in the purchasing view of the material master are

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

Which term represents what a company owns, such as cash, inventory of materials, and buildings?

Which term represents what a company owes to others, including money owed to vendors and loans from financial institutions?

Which term represents the monies a company earns by selling its products and services?

Which term represents the costs associated with creating and selling products and services?

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

Which master data do companies use to determine the prices of their products?

• Price comparison

• Pricing conditions

• Selling price

• Wholesale price

• Tax allowances

Which term represents a set of tasks or activities that produce desired outcomes?

• Business Process

• Trigger

• Outcome

• Enterprise Resource Planning

• None of the above