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NEW QUESTION: 1
For which scenarios is it mandatory to define the authorizations at HANA Level?
There are 2 correct answers to this question.
Response:
A. SAP HANA Live for SAP Business Suite
B. SAP S/4HANA
C. Business Suite on HANA
D. Web-based native applications based on XS
Answer: A,D

NEW QUESTION: 2
Which statement(s) is/are FALSE?
I). Under the LIFO method of inventory valuation, the ending merchandise inventory would be valued at the purchase price of the most recent purchases.
II). During extended periods of rising prices, the FIFO method of inventory valuation will yield a higher cost of goods sold and a lower ending merchandise inventory, when compared to the LIFO method of inventory valuation.
III). The accounting principle of consistency prohibits any changes in the method of inventory valuation.
IV). JIT means just in time and is an inventory method where the raw materials for production are purchased in smaller quantities after orders have been taken for the manufactured products.
A. I, II and III.
B. II, III and IV.
C. I, II and IV.
Answer: A
Explanation:
I). LIFO means 'last-in, first-out'--the cost of the last items purchased are charged to the most recent sales. The merchandise inventory at the end of the year is considered to be from the oldest purchases.
II). The FIFO method will result in a lower cost of goods sold and a higher ending merchandise inventory
(valued at first-in costs).
III). While consistency should be maintained, legitimate changes are allowed. However, the nature, justification, and effect of the change on net income must be disclosed (full-disclosure principle).
IV). JIT inventory systems require reliable suppliers and efficient handling and shipping of materials.

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C. Metro/Global Mirror
D. Volume Mirror
Answer: C