Q.1. Explain the difference between master data and transaction data in an enterprise system and how are they related. Support your answer with examples.
Q.2. Distinguish between a business function and a business process. Describe how a business process cuts across functional lines in an organization.
Q.3. Explain the general ledger, subsidiary ledgers, and reconciliation accounts. Illustrate how they are related.
Q.4:- a. Recent enterprise systems combine a collection of intra-company process-based systems and inter-company process-based applications. Explain.
b. How material groups different from material types? Explain with examples.