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BSIS 420 & BSIS 620 Practice Quiz 4

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Tolerance Groups are defined for each _______

a)

Group code

b)

Tax code

c)

Company code

d)

Release code

2.

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

a)

Warehouse

b)

Service Center

c)

Manufacturing Unit

d)

Plant

3.

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

a)

Purchase Requisition

b)

Purchase Order

c)

Goods Receipt

d)

Vendor Payment

4.

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

a)

Terms of payment

b)

Customer group

c)

Customer master

d)

Accounting clerk

5.

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

a)

Moving price

b)

Account category reference

c)

Valuation class

d)

Valuation group code

6.

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

a)

General data

b)

Purchasing data

c)

Storage data

d)

Accounting data

7.

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

a)

Standard price

b)

Moving average price

c)

Valuation price

d)

Selling price

8.

Material valuation is typically done at the _______ level.

a)

Company code

b)

Chart of accounts

c)

Client

d)

Plant

9.

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

a)

Valuation class

b)

Purchasing group

c)

Purchasing info record

d)

Purchase order

10.

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 _______.

a)

MAP, SP

b)

MRP, SP

c)

SP, MAP

d)

SP, MRP