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Study Resources (Business Management)

  Question type: Multiple Choice 1. The main objective of material planning is a. To minimize the expenses for storing excess inventory. b. To balance the demand for materials with the supply. c. To shorten the duration of the procurement cycle. d. To eliminate excess inventory. e. To prevent lost sales. 2. The money tied up in inventory.
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  21. In SAP ERP production planning strategy, net requirements planning (Strategy 10), procurement proposals are based on a. CIRs and components that are already in stock. b. PIRs, with regard to CIRs. c. PIRs, without regard to CIRs. d. CIRs, but components are not in stock. e. PIRs, but the components are not in stock. 22..
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  31. A transfer posting is used to move materials from one storage location to another. 32. A transfer posting does not generate a material document. 33. Requirements for materials must be created manually. 34. The data needed to create a purchase requisition are the item category, quantity, desired delivery date, and desired delivery.
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  Question type: Multiple Answers 1. Which of the following key organizational elements are unique to the fulfillment process? a. Sales area b. Credit control area c. Client d. Shipping point e. Plant 2. Which of the following are the typical distribution channels? a. Wholesale b. Sales area c. Online d. Warehouse e. Retail 3. Which of the following are characteristics of a wholesale.
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    21. Which of the following are warehouse management steps related to the production process? a. Create invoice b. Goods issue c. Create outbound delivery d. Create transfer order e. Create transfer requirement 22. In a stock transfer from one bin to another within the same warehouse, which of the following statements apply? a. Warehouse movements are involved. b..
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    11. In-house production is the most common procurement type for raw materials. 12. Semifinished goods are typically purchased from vendors 13. MRP type specifies the production control technique used in planning. 14. Consumption-based planning calculates the requirements for a material based on current consumption data. 15. In time-phased planning, materials are ordered when the.
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Question type: Multiple Answers 1. Which one of the following are key organizational data relevant to the production process? a. Company code b. Credit control area c. Client d. Storage location e. Plant 2. The master data relevant to the production process are a. Work centers b. Material master c. Bills of material d. Client e. Company code 3. Which of the following.
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  Question type: Multiple Answers 1. Material planning is concerned with answering which basic questions? a. Which planning version should the company choose? b. What materials are required? c. What is the shortest time required for completing the planning? d. When are the materials required? e. How many materials are required? 2. Which of the following statements concerning.
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  41. The material master is updated after the goods receipt step of the procurement process has been completed. 42. Tolerances for price variations among purchase orders, invoices, and goods receipts are allowed, but tolerances for quantity variances are not. 43. Invoice verification authorizes payment of the invoice to the vendor. 44. Payments must.
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    81. Transfer orders are used to execute warehouse movements. 82. Transfer orders can only be created automatically. 83. Target quantities, destination storage type, bin, and quant are examples of line item data in a transfer order. 84. Transfer orders in the execute warehouse management step can be created with or without a reference.
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    41. Shelves, stacks, and aisles are examples of a. Storage locations. b. Coordinate systems for addresses. c. Storage sections. d. Storage identifiers. e. Storage areas. 42. Which of the following represents the document used to plan the movement of materials into and out of bins in a warehouse? a. Transfer list b. Transfer request c. Transfer plan d. Transfer order e..
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    11. Which of the following are rules that apply when linking warehouses to storage locations? a. A warehouse cannot be linked to storage locations across multiple plants. b. A warehouse must be linked to at least one storage location. c. Not all storage locations must be linked to a warehouse. d. A storage location.
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Question type: Multiple-Answer 1. Which of the following are examples of goods movements? a. Move posting b. Stock transfer c. Stock movement confirmation d. Goods issue e. Internal order 2. Which of the following are examples of unplanned goods issue? a. Issuing materials to scrap b. Shipping goods to unplanned storage location c. Unplanned returns from customers d. Using materials for.
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    21. Which of the following is NOT a typical characteristic of a wholesale channel? a. It does not include sales taxes in calculating prices in the US. b. It distributes goods directly to consumers. c. It requires a minimum volume of purchase. d. It offers volume discounts. e. It may designate a specific plant or.
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    61. A stock transfer involves physically moving materials. 62. One-step procedure, two-step procedure, and stock transport order are strategies for moving materials. 63. A material document is created during both the one-step and two-step procedures. 64. During the one-step procedure, two material documents are created. 65. Moving materials between two storage locations within the.
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    71. A sales organization is used to divide a market based on geographic characteristics. 72. A one–to-many relationship exists between a sales area and plants. 73. A customer info record is an intersection of customer data and sales data. 74. A quotation can result in multiple sales orders. 75. Multiple quotations can be combined.
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    21. Which of the following statements about a product group are TRUE? a. It is used to group products with similar planning characteristics. b. Each member of a product group is assigned a group factor. c. Materials can be members of more than one product group for different planning scenarios. d. A material can.
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    11. Which are the following are options when a production manager receives a planned order? a. Create an alternate planned order b. Reject the planned order c. Combine the planned order with other orders d. Authorize the production e. Return the order to purchasing 12. A production order typically includes references to which of the following? a..
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  11. Identify the step in the fulfillment process for which a material document is created. a. Goods issue b. Goods receipt c. Transfer order d. STO e. Create requisition 12. Which one of the following activities triggers the shipping step (goods issue) in the fulfillment process? a. Goods receipt is posted b. Availability check is initiated c. Transfer order.
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    21. Period lot-sizing procedures combine the requirements from multiple time periods, such as days or weeks, into one lot. 22. For externally procured materials, the planned delivery time and the GR processing time are used to determine procurement time. 23. Lot size dependent times remain the same regardless of the amount of.
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  True-False Questions 1. Storage locations are places within a plant were materials are kept until they are needed. 2. There can only be one storage location within a plant. 3. A storage location is a key organizational element in purchasing. 4. A purchasing organization is involved only in negotiating prices with vendors 5. Typically, there.
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  MULTIPLE CHOICE 1. According to the text, which of the following is not one of the issues businesses have with social media? a. Companies start with the end in mind b. A company tries too many approaches at great cost and effort c. Businesses have no social media objectives d. The results from social media.
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    31. What operation in the routing is sometimes necessary to prepare materials for use in production? a. Backflushing b. Confirmation c. Material staging d. Recall e. Reservation 32. Which of the following is not an outcome of a goods issue to a production order? a. The material master is updated to reflect the reduction in the quantity.
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    41. Material staging is the process in which component materials are moved from storage and prepared for use. 42. Component assignment is a technique that assigns components in a BOM either to a routing or to a specific operation within the routing. 43. Production resource tools are movable resources that are shared.
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  Question type: True or False 1. Sell-from-stock strategy uses inventory as a buffer between processes to de-couple them or to make them less dependent on each other. 2. The warehouse management process always results in the creation of a material document. 3. The warehouse management process sometimes involves the creation of an FI.
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  Question type: True or False 1. Lack of overall planning may result in excess inventory and lost sales. 2. When a company transfers part of the materials in stock from one distribution center to another, this scenario is known as stock-out. 3. Material planning is one of the most complex processes within an.
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TRUE/FALSE 1. According to the text, social media is only being adopted by younger populations. 2. Only large corporations have been successful in measuring the return from their social media marketing efforts 3. Social media marketing is based on marketing principles that have been around for years. 4. According to the text, the reason.
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    61. The final step in the fulfillment process is the receipt of payment from the customer. 62. Customer master data are used in the fulfillment process for generating an invoice for materials or services.. 63. In addition to the organizational data, material master data is necessary in the payment step. 64. Open items.
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    51. A storage location is a key organizational level associated with inventory management. 52. The most relevant category of master data in inventory management is the plant. 53. A goods receipt cannot be posted without reference to an order. 54. Planned receipts occur when a reference document, such as a purchase order or.
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    41. Pre-sales activity includes all of the following except a. Customer inquiries b. Quotations c. Mailing campaigns d. Customer purchase orders e. Tracking customer contacts 42. What document is NOT created during the billing step of the fulfillment process if profitability analysis is active? a. An invoice b. An FI document c. A material document d. A CO document 43. Which.
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    31. Which of the following types of data is NOT included in a quotation? a. Material master b. Customer-material info records c. Customer master d. Vendor master e. Pricing conditions 32. Which of the following types of data is NOT included in a billing document? a. Data from the customer master b. Data from the sales order c. Data.
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  21. A company can use which of the following to select a vendor from a list of potential suppliers ? a. Source list b. Company code c. Vendor master d. Material master e. None of the above 22. Which element of a purchase order includes communicating with the vendor? a. Trigger b. Data c. Task d. Outcome e. None of the above 23..
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  11. Which of the following are strategies for acquiring materials? a. Internally from a vendor b. Externally from a storage location c. Externally from a plant d. Internally from another plant e. Externally from a vendor 12. Which of the following statements apply to the goods issue step of the internal procurement process? a. Both material and.
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TRUE/FALSE 1. A social media marketing plan does not require monitoring or adjustment during its implementation. 2. The most popular uses for social media are brand awareness and building. 3. Some of a brand’s most passionate advocates can start off as disgruntled customers. 4. It is very important for brands looking to engage in.
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  21. No material documents are created during WM processes. 22. The shipping step involves creating a delivery document. 23. The delivery document is a request to move materials from one plant to another. 24. The amount of the debit and credit for the goods issue step in fulfillment is based on current moving.
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    11. What are the partner functions that customers can play in the fulfillment process? a. Sold-to party b. Bill-to party c. Ship-to party d. Receiver e. Payer 12. Organizational data in a sales order include which of the following? a. Shipping data b. Client c. Company code d. Sales area e. Purchasing organization 13. Material master data in a delivery document consist.
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  Question type: Multiple Answers 1. Which of the following processes can have a controlling (CO) impact? a. Warehouse management b. Fulfillment c. Inventory management d. Production e. Procurement 2. Which of the following processes can result in the creation of a financial (FI) document? a. Warehouse management b. Fulfillment c. Inventory management d. Production e. Procurement 3. Which of the following are steps.
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    11. Which of the following represent reasons why a company should maintain a safety stock? a. The ERP system can be configured to automatically prevent inventory from falling below the safety stock levels. b. To avoid stock-outs c. Maintaining a safety stock of at least 20 pieces is mandatory in the ERP system. d..
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    31. Consumption-based planning derives dependent demand based on independent requirements and exploding the BOM. 32. A product group groups products with similar planning characteristics, such as similar types. 33. Whether SOP is required depends on the production planning strategy used for the material. 34. The MRP controller is a program in the SOP.
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  11. Which of the following statements about consumption-based planning is TRUE? a. Planning is based on historical data. b. Planning is based on exploding the BOM. c. Dependent demand is derived from independent demand. d. It is used for high-value materials e. Planning is based on MPS. 12. Which of the following options represents categories of.
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  Question type: Multiple Choice 1. In a make-to-order strategy the production of finished goods or semifinished goods is most frequently triggered by a a. Sales order. b. Purchase order. c. Transfer order. d. Production order. e. Goods issue. 2. Which one of the steps listed most likely would be the final step in the procurement process? a. Confirm.
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  21. Item categories in a purchase order determine the process steps used to procure materials. 22. Consumable materials are acquired to be used within an organization. 23. When purchasing consumable materials, an account assignment category and specific account assignment objects must be provided when the purchase order is created. 24. A goods movement.
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  11. A purchasing group is an internal group that is responsible for executing the procurement process. 12. A purchasing organization is an individual or a group of individuals who are responsible for purchasing activities for a material or group of materials. 13. Vendor master data include the data needed to conduct business.
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    71. In stock transport orders with delivery and billing, valuation is based on the purchase price in the STO. 72. Inventory management keeps track of the quantity of materials in storage location, but it cannot determine their exact location. 73. A storage location can be linked to only one warehouse. 74. A storage.
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