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SAP C Exam Practice Questions (P. 5)

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Question #41
A company code is:(1)
  1. A
    an independent accounting entity (the smallest organization element for which a complete self- contained set of accounts can be drawn up).
  2. B
    an organizational unit in an enterprise that represents a closed system used for cost accounting purposes.
  3. C
    an organizational unit that provides an additional evaluation level for the purpose of segment reporting, for example.
  4. D
    a dependent accounting entity, according to Fiscal Year.
  5. E
    the highest level in the R/3 system hierarchy.

Correct Answer:
A

Question #42
Consider the following sentences:
1) The variant principle is a three-step method used in R/3 to assign special properties to one or more R/3 objects.
2) One of the disadvantages to use variants is that it can't deal with the maintenance of properties, which are common among several business objects
3) For using the variant principle, you must define the variant, populate it with values and assign it to the R/3 objects.
4) This principle is used for Fiscal Years, Posting Periods and so on.
Which of them is false?
  1. A
    1 and 2)
  2. B
    1 and 3)
  3. C
    1)
  4. D
    2
  5. E
    3)

Correct Answer:
D

Question #43
Consider the following sentences:
1) A fiscal year has to be defined by means of separating business transactions into different periods.
2) Special periods are used for postings, which are related to the process of the year-end closing.
In total, 16 special periods can be used
3) The Fiscal Year variant only defines the amount of periods and their start and finish dates.
4) The Fiscal Year is defined as a variant, which is assigned to the chart of accounts.
Which of them are true?
  1. A
    1 and 2)
  2. B
    1 and 3)
  3. C
    2 and 3)
  4. D
    2 and 4)
  5. E
    3 and 4)

Correct Answer:
B

Question #44
What is an independent fiscal year variant (Please choose the correct sentence)? (1)
  1. A
    It is a variant which the postings periods are only equal to the months of the year.
  2. B
    It is a variant which you can define different number of periods, according to the year.
  3. C
    It is a variant which each own fiscal year uses the same number of periods, and the postings periods always start and end at the same day of the year.
  4. D
    It is a variant which allows the use of different number of posting periods.
  5. E
    It is a variant not normally used because of its particularity.

Correct Answer:
C

Question #45
Consider the following statements about currencies concepts:
1) The currency code identifies each currency that will be used into R/3 system.
2) You have to define all the world's currency into R/3 system.
3) Exchange rate types distinguishes the exchange rates to be considered for various purposes, such as valuation, translation, conversion, planning, etc. Which of them is true (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)?
  1. A
    1
  2. B
    2)
  3. C
    3)
  4. D
    1 and 2)
  5. E
    All of them.
  6. F
    1 and 3)

Correct Answer:
F

Question #46
Consider the following sentences:
1) A base currency can be assigned to an exchange rate type.
2) To deal with exchange rate spreads, two very efficient combinations of the exchange rate tools are using a base currency for the average rate (M) and using the exchange rate spreads to calculate the buying and selling rates (B and G).
3) A base currency can be used for an average, a buying or a selling rate.
4) The relations between currencies have to be maintained per exchange rate type and currency pair in the translation factors. Which of these combinations is true? (1)
  1. A
    1, 3 and 4)
  2. B
    1, 2 and 4)
  3. C
    2, 3 and 4)
  4. D
    1, 2 and 3)
  5. E
    1, 2, 3 and 4

Correct Answer:
B

Question #47
Consider the following sentences about the direct quotation:
1) It is also known as price notation.
2) The currency value is expressed in units of the foreign currency per unit of local currency
3) For direct quotation, the prefix to indicate the rate is "/".
What is the correct option?
  1. A
    1)
  2. B
    2)
  3. C
    3)
  4. D
    None of them.
  5. E
    All of them.

Correct Answer:
A

Question #48
Consider the following sentences about the indirect quotation:
1) It is also known as volume notation.
2) The currency value is expressed in the local currency per unit of foreign currency
3) For indirect quotation, there is no prefix to difference between direct quotation. What is the correct option?
  1. A
    All of them.
  2. B
    None of them.
  3. C
    3)
  4. D
    2)
  5. E
    1)

Correct Answer:
E

Question #49
What of these alternatives are considered master data (Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? (4)
  1. A
    Chart of Accounts.
  2. B
    G/L Accounts.
  3. C
    Vendor.
  4. D
    Customer.
  5. E
    Asset

Correct Answer:
BCDE

Question #50
What can we define into the chart of accounts customizing transaction (OB13 transaction, Note: we can have more than one correct sentence. Please select the sentences you think they are correct)? (4)
  1. A
    Description.
  2. B
    Maintenance language.
  3. C
    Length of the company code.
  4. D
    Length of the G/L account number.
  5. E
    Blocking / unblocking chart of accounts.

Correct Answer:
ABDE

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