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SAP Business One Exam

50 Questions  I  By Shreyashah03
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SAP Business One Exam

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1.  Greg wants to be able to process customer payments even if they differ from the invoice amount by as much as $1. How would you advise Greg to set it up?                                   
A.
B.
C.
D.
2.  How many levels are there in the Chart of Accounts                                   
A.
B.
C.
D.
E.
3.  Which statements are true about password security levels in SAP Business One?
A.
B.
C.
4.  Chad of Blue Steel Inc. created a purchase order for steel tubes. After creating the order, he realized that he had ordered too large a quantity from his vendor. What advice would you give to Chad?
A.
B.
C.
D.
5.  What happens when you define the opening balances function and the system currency differs from the local currency?                                   
A.
B.
C.
D.
6.  Which G/L accounts appear in the profit and loss statement?
A.
B.
C.
D.
7.  A new sales employee has started at your company. You have created a user code for this employee. Why do you also need to create an employee master data record?                                   
A.
B.
C.
D.
E.
8.  How many concurrent same user access is possible on a SAP Business One company database?                                   
A.
B.
C.
D.
9.  The sales manager, Vincent, would like to have seasonal prices discounted from the regular sales price. He would like to change all his products prices at the same time whenever the season changes. What is the most efficient way to do this?                                   
A.
B.
C.
D.
10. 
  What affects the receipts quantity on the MRP recommendation?
A.
B.
C.
D.
11.  It is not possible to change the language settings of your SAP Business One application. True or False?
A.
B.
12.  Which one of the following statements is true for the correct sequence of the licensing process for SAP Business One?                                   
A.
B.
C.
D.
13.  Which of the following document types can you create header and footer text for?                                   
A.
B.
C.
14.  Your customer wants to set up an approval process for purchasing. What advice would you give them?
   
A.
B.
C.
D.
15.  You want to define a budget for the new financial year. What are your options?
A.
B.
C.
D.
16.  Your customer, Speedy Flowers Ltd, has two delivery addresses they would like to use. How do you set this up?                                   
A.
B.
C.
D.
17.  There are 2 types of income statement and they are ...?
A.
B.
C.
D.
18. 
  Which statements are true concerning the Goods Receipt PO document?
A.
B.
C.
D.
19.  When the system administrator assigns a professional license to a user, what databases can that user access in the system?
A.
B.
C.
D.
20.  Ted opens a Business Partner master record and notices that the Account Balance field contains asterisks instead of having a numeric value. What has happened?
A.
B.
C.
D.
21.  Which statements are false regarding issuing components to production order?
A.
B.
C.
D.
22.  You reach an agreement with your customer to accept payments in three installments. What happens when you create an invoice for this customer?                                   
A.
B.
C.
D.
23. 
  Alternative item row type can be defined for which document type?
A.
B.
C.
D.
24.  Your company sells furniture. One of your best selling products is an dinning room table that comes packaged with four chairs. You also sell the dinning room table and chairs separately. When you sell the package, you would like the sales order to show the package on the top line of the order, with the dinning room table and chairs also shown on separate lines. What is the best way to set this up?                                   
A.
B.
C.
D.
25.  In the Business Partner payment terms, you set the Due Date, which is calculated based on the posting date, starting from the beginning of the month plus 31 days. You create an A/R Invoice on May 10. Which Due Date will appear on the invoice?                                   
A.
B.
C.
D.
E.
26.  How does SAP Business On calculate the stock available in the warehouse?
A.
B.
C.
D.
27.  Your company sells 10 different products in 20 different sales regions. If you are using account segmentation to track by region you would need ...?
A.
B.
C.
D.
28.  In SAP Business One, you can define banks and house banks. Why do you need to define house banks?
A.
B.
C.
D.
29.  Janice has created a new payment method for outgoing checks. When she runs the Payment Wizard to pay her vendors, she does not see the new payment method. What did Janice forget to do?
A.
B.
C.
D.
30.  Your customer has several rent and loan payments due each month. What can you recommend to post these payments quickly each month?                                   
A.
B.
C.
31.  You want to see the accumulated assets and liabilities for the financial year to date. Which report can you use?                                   
A.
B.
C.
D.
32.  Approval procedures is not defined for which of the following documents?
A.
B.
C.
D.
33.  In SAP Business One Chart of Accounts levels 2 - 4 consist of active or title accounts. True or False?
A.
B.
34.  When an item is selected in a sales order, which type of prices does the system look for first?                                   
A.
B.
C.
D.
35.  What is a typical reason to set up a user-defined field with Alphanumeric as the Type and Text as the Structure?
A.
B.
C.
D.
36.  The finance manager, Louise Marsh, wants to be able to query the system and get a report that displays all the open invoices for a specific customer. How can this can be achieved?                                   
A.
B.
C.
D.
37.  On the manual internal reconciliation screen you see the following open items for a Business Partner: incoming payment for the amount 1000, invoice for 600, and invoice for 500. How can you reconcile these transactions using manual type internal reconciliation?
A.
B.
C.
D.
38.  As the stock keeper of your company, you want to get a report of items with no transactions in the report period. How will you achieve this?
A.
B.
C.
D.
39.  Which one of the following statements is true regarding the use of query print layouts in SAP Business One?                                   
A.
B.
C.
D.
40.  Which statements are true about the opportunities pipeline report?
A.
B.
C.
D.
41.  Which of the following are true about the uses of user defined fields in SAP Business One?
A.
B.
C.
42.  One of your customers has a product you would like to purchase. What must you do to order this product from your existing customer?
A.
B.
C.
D.
43.  Which of the following is correct concerning the Item master data?
A.
B.
C.
D.
44.  You use Account Code Generator to create segments for your Chart of Accounts. True or False?
A.
B.
45.  There are three types of balance sheet accounts. Which of the following are not among the balance sheet accounts?                                   
A.
B.
C.
D.
46.  For which Business Partner types can a quotation be created?
A.
B.
C.
D.
47.  Your customer wants to post an expense for 100 in this fiscal year and defer 25 to the expense to the next fiscal year. How can your customer do this?                                   
A.
B.
C.
D.
48.  If you purchase 10 of product X at $10 and then purchase 10 of product X at $20, which statements below would be false using the different valuation methods?
A.
B.
C.
D.
E.
49.  Which of the following statements are false regarding sales orders?
A.
B.
C.
D.
50.  You are implementing SAP Business One for a client. What is the minimum number of databases that should be created during the project implementation phase?
A.
B.
C.
D.
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