2020 SAP MM Test 2

Which of the following is correct about movement type in SAP system?. Movement type influences the update of material stock account and consumption account?. Goods movement performed in Sales and Distribution is not considered as one movement type. You can enter per material document only goods movements of one movement type. All of the above.

Which of the following Info record has information on material that is kept at ordering party premises and contains vendor’s price that is to be paid for withdrawing material?. Standard Info Record. Subcontracting. Consignment. Pipeline.

Which of the following Transaction can be used to create a Purchase Order?. ME21N. MIGO. MIRO. None of the above.

After processing of purchase order by vendor, material is delivered to ordering party and this process is called as goods receipt?. True. False.

In Source lists, which of the following can be sources of supply?. Vendor & Contract. Scheduling Agreement. Quotation. A and B.

Purchase requisition can be created for which of the following procurement types?. Getting finished material from vendor. Providing raw material to vendor and getting finished material. Procuring material that is kept in company’s premises and paying to vendor for that. Getting material from within the organization. All of the above.

Which of the following is known as an invitation that is sent to vendors to submit indicating pricing and their terms and conditions?. Purchase Order. Sales Order. Request for Quotation. Outline Agreement.

Purchase Order is a reply by a vendor in response to request for quotation?. True. False.

Contract and Scheduling Agreement are same?. True. False.

Scheduling agreement is a long term outline agreement between vendor and ordering party over a predefined material or service which are procured on predetermined dates over a framework of time?. True. False.

Arrange the below steps of Procurement Lifecycle in correct order 1. Determination of requirement 2. Invoice verification/ Vendor Payment 3. Goods receipt/ Invoice Received 4. Creating Purchase Requisition 5. Creating Purchase Order. 1,2,3,4,5. 1,4,5,3,2. 1,4,5,2,3. 1,5,4,3,2.

Which of the following element has its own profit, loss and balance statement?. Company Code. Client. Plant. Storage Location.

Which of the following element is a commercial organizational unit in R/3 system and is at highest level in SAP system?. Company Code. Client. Plant. Storage Location.

The vendor receives components from the ordering party with the help of which it produces a product is known as?. Subcontracting. Pipeline handling. Returnable Transport Stock. Stock Transport Order.

Material that is available at your store premises, however it still belongs to the vendor (seller)/Owner of the material is known as?. Special Stock. Stock for direct consumption. Consignment Stock. None of these.