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Exam 4: C: The Procurement Process

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Question 21

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The method used to value material is defined in the material master.

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Question 22

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The material master is updated after the goods receipt step of the procurement process has been completed.

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Question 23

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Typically,there are three models of purchasing organizations: enterprise-level,company-level,and plant-level.

Tolerances for price variations among purchase orders,invoices,and goods receipts are allowed,but tolerances for quantity variances are not.

Requirements for materials must be created manually.

The header section of a purchase order contains information such as purchase order number,vendor,currency,dates,and payment terms.

A stock transfer does not involve a change in storage location.

Work lists display lists of master data and documents that are generated during the execution of a process.

Consumable materials are acquired to be used within an organization.

A transfer posting does not generate a material document.

The enterprise‐level purchasing organization is also known as the cross‐company code purchasing organization.

SAP cannot utilize any media except Web services to communicate a purchase order to a vendor.

Payments must be made automatically through a payment program.

Storage locations are places within a plant were materials are kept until they are needed.

A purchasing organization is involved only in negotiating prices with vendors

Vendor master data include the data needed to conduct business with a vendor and to execute transactions related to the procurement process.

A requisition represents a legal obligation to make the purchase.

Purchasing data related to a vendor are accessible to all purchasing organizations.

Different material types have different required material views.

General data related to a vendor are accessible to all company codes in a client.