MIS4340 Exam Questions and Answers Already Passed
The lifecycle data management design process supports the design and development of products from the initial product idea stage through the discontinuation of the product. - Answers True
The material planning process is used to maintain internal...
The lifecycle data management design process supports the design and development of products from
the initial product idea stage through the discontinuation of the product. - Answers True
The material planning process is used to maintain internal assets such as machinery and to delivery
after-sales customer services such as repairs. - Answers False
Lead time is the time between placing the order and receiving confirmation that the item has been
shipped. - Answers False
Excess supply will result in lower inventory costs because the company is eligible for a bulk rate. -
Answers False
Document management provides tools to manage and store documents securely and to keep track of
the multiple versions of these documents. - Answers True
Common reports of financial accounting include income statement or profit and loss, and balance sheet.
- Answers True
The three layers of the "three-tier client-server architecture" are the presentation layer, windows layer,
and data layer. - Answers False
Scalability is the ability of the hardware and software to support a greater number of users easily over
time. - Answers True
Service-oriented architecture (SOA) is the fundamental concept behind connecting through standardized
interfaces called Web services. - Answers True
Inter-company processes take place within a single company. - Answers False
A building can house only a single plant. - Answers False
Management accounting helps an organization track costs and revenues to assess its profitability. -
Answers True
The material master includes a large amount of data because it is used in numerous processes. -
Answers True
The four most common material types are raw materials, semi-finished goods, finished goods, and
exported goods. - Answers False
Work lists identify tasks that are scheduled to be completed in a process. - Answers True
A storgage location is a key organizational element in purchasing. - Answers True
A purchasing organization is involved only in negotiating prices with vendors. - Answers False
, The enterprise-level purchasing organization is also known as the cross-company code purchasing
organization. - Answers True
A plant can belong to more than one company code. - Answers False
General data related to a vendor are accessible to all company codes in a client. - Answers True
Material master data can be defined differently for different organizational levels. - Answers True
Consumable materials are acquired to be used within an organization. - Answers True
A stock transfer does not involve a change in storage location. - Answers False
SAP cannot utilize any media except Web services to communicate a purchase order to a vendor. -
Answers False
Payments must be made automatically through a payment program. - Answers False
Management accounting, or controlling (CO), is intended primarily for audiences outside the
organization. - Answers False
Accounts payable accounting is not associated with the procurement process. - Answers False
The balance sheet is a snapshot of the organization at a point in time. - Answers True
A chart of accounts (COA) is an ordered listing of accounts that comprise a company's general ledger. -
Answers True
An increase in an asset account or an expense account results in a credit posting. - Answers False
An increase in revenue or liability results in a debit posting. - Answers False
Within accounts receivable accounting, when a payment is made the bank account is debited and the
appropriate customer account is credited. - Answers True
Which system supports business processes end to end? - Answers Enterprise System
Which process uses historical data and sales forecasts to plan which materials will be procured and
produced? - Answers Material Planning
What is the first step of the production process? - Answers Request Production
What function does the warehouse perform in the fulfillment process? - Answers Prepares and sends
the shipment to the customer
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? - Answers Architecture
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