Erp Overview (Misy 5340)- Ch 2 46 Correctly Answered Questions Latest Update

finished goods {Ans: goods created by production process from other materials, such as raw materials or semifinished goods}master data {Ans: represent entities associated with various processes}standard information structures {Ans: predefined information structures in SAP ERP that collect data needed to create the most commonly used reports}client {Ans: highest organizational level in SAP ERP}reporting {Ans: a general term used to describe the ways users can view and analyze both transnational and historical data to help make decisions and complete their tasks}management accounting or controlling (CO) documents {Ans: documents that record financial impact of process steps}