Exam Code: Life-Producer
Exam Name: Maryland Life Producer Exam (Series 20-27)
Version: V13.25
Q & A: 72 Questions and Answers
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NEW QUESTION: 1
True or False: You need to assign the workflow variant to a company code to be able to perform
standard workflow scenarios such as parked document approvals.
A. True
B. False
Answer: A
Explanation:
This is basically the definition of the workflow variant. The variant itself is where rules are defined. In the
certification when an answer to a question seems obvious, it usually is!
NEW QUESTION: 2
Which statements best describe a profit center?
There are 2 correct answers to this question.
Response:
A. It has to be used simultaneously with segments to create separate balance sheet and P&L statements.
B. It is an element for which separate balance sheet and P&L statements can be created.
C. It is the only object that can be uniformly derived using segments.
D. It is the only object from which segments can be uniformly derived.
Answer: B,D
NEW QUESTION: 3
Which of the following activities does the system perform during the payment run? There are 3 correct answers to this question.
A. The system clears open items.
B. The system supplies the print programs with necessary data.
C. The system makes postings to the G/L and AP/AR subledgers.
D. The system exports a list of documents to be paid.
Answer: A,B,C
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