M3

Question 1

strength of the data foundation that runs the enterprise

Answer 1

master data

Question 2

refers to the key information that describes your customers, vendors, and leads as well as items that your company buys and sells.

Answer 2

master data

Question 3

Lead
Customer
Vendor/Supplier

Answer 3

Business partner master data

Question 4

Inventory item
Sales item
Purchase items
Fixed assets

Answer 4

Item master data

Question 5

often one of the key assets of a company

Answer 5

master data

Question 6

Both Financial Accounting and Purchasing use ____ master data

Answer 6

vendor master data`

Question 7

you can optimize

stockholding

Answer 7

item data

Question 8

The documents for sales

and purchasing are also often called

Answer 8

marketing documents

Question 9

is where all the specific information about the ordered items or services is entered, such as quantity, price, item number, and description

Answer 9

contents tab

Question 10

contains the details about where the items or services as well as payments are to be sent. Shipping method is also specified here. Most of the data is pulled from preconfigured master company details and vendor data.

Answer 10

logistcs tab

Question 11

contains the relevant general ledger (G/L) account information for the purchase pulled from the financial accounting master data.

Answer 11

accounting tab