BUS 301 Exam 1Actual Questions With Correct Detailed Answers.

Business Process - correct answer Input in - Output out, Specific tasks that drive business value Data Integrity - correct answer the accuracy and consistency (validity) of data over its lifecycle Function Silo - correct answer The gathering of data to fulfill a need for single areas of your business Latency - correct answer nothing happens, causing inefficiencies 3 types of ERP SAP data - correct answer Organizational Master Transactional Organizational data - correct answer the legal and regulatory reporting structure of an organization Master data - correct answer Data repeatedly used in a system and is used to create a transaction Transactional Data - correct answer history of what's been done, made, sold, bought, who, how much Value added activity - correct answer activities that add value to organization Non-value added activity - correct answer generate zero or negative return on investment Efficiency - correct answer defines how well we are executing our standard process from the standpoint of time, quality, and resources being consumed Effectiveness - correct answer illustrates how well a process achieved the organizational goals with which it is aligned Organizational Data - correct answer Client Company Code Plant Storage Location Client - correct answer Highest level Company Code - correct answer 2nd highest level, legal entity, responsible for financial statements Plant - correct answer 3rd highest level Storage Location - correct answer 4th highest level Master data create views or extend? - correct answer core data essential to operations in a specific business. Transactional Data - correct answer specific values that uniquely identify the execution of an individual task or transaction Configuration - correct answer "set up" of a companies specific business rules. Work Center - correct answer Where work is done, specific physical location in a plant. Capacity - correct answer the maximum amount that something can contain or accomplish. Capacity can be in currency, time, space, output, speed, the number that we own, and many other things. Independent requirement - correct answer The finished good is referred to as an independent requirement. It is independent because it stands alone and represents the specific product we sell to our customer. Dependent requirement - correct answer The dependent requirement is demand (the need determined by planning for the things we need in order to manufacture) which is dependent on another material. For example, Pen Inc. doesn't sell the cartridges; the cartridges exist only to be put into a pen, so the cartridge is dependent upon the pen it is a part of in order to be sold. BOM - correct answer Bill Of Materials listing of all the components tha make up a product or assembly. Single level BOM - correct answer everything is complete Multi level BOM - correct answer combination of 2 or more single BOMs Variant BOM - correct answer BOM that allows for variances in the BOM such as color, options, or add-ons Stock Item - correct answer must have a master material record defined in SAP. Placed in inventory following a goods receipt. Non Stock Item - correct answer material that is purchased by a department. never put away in inventory. Hire to retire- Employee lifecycle - correct answer each phase of an employees career HCM master data - correct answer the core data that is essential to operations in a specific business Employee information - correct answer HCM master data contains the necessary employee information to conduct the businesses transactions. Enterprise Structure - correct answer the organizational structure of HCM Infotype - correct answer Screens that are used to enter master data Organizational assignment - correct answer The Organizational Assignment infotype is being specifically explained because of the integration between Controlling, Organizational Management, and Personnel Administration. HCM organizational Structure - correct answer Client: The highest level in an enterprise. One SAP system can be used for several independent companies (or subsidiaries of a company). Different clients are to separate the data of these companies.