The SAP ERP System Requires a Customer Master Record for Each

question 81

Multiple Choice

The SAP ERP system requires a customer master record for each customer.A one-time customer of the company

• A) can be passed through the system by using a "dummy" customer master record.
• B) should be manually billed using a 30-day account, thus bypassing the SAP ERP system.
• C) must pay cash and pick up the goods from the company's shipping dock.
• D) must be set up using detailed records in the SAP ERP system like any other customer.

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Definitions:

Zero-Sum Game

A situation in which one participant's gain or loss is exactly balanced by the losses or gains of the other participants.

Fixed Rate

An interest rate that remains constant over the specified term of a loan or financial instrument, regardless of market fluctuations.

Variable Rate

An interest rate that can change, in contrast to a fixed interest rate, and is often associated with loans or savings accounts.

Prime Rate

The interest rate that commercial banks charge their most creditworthy customers, often used as a benchmark in lending rates.