Transaction '&1' of action box '&2' has not been assigned a menu text

What causes this issue?

No menu text could be determined for call '&V1&' of the action box
configuration '&V2&'. However, this is necessary for assignment to a
function key.

System Response

The assignment is not performed, meaning that the call cannot be
started using a function key.

How to fix this error?

Check the action box configuration '&V2&' and maintain the menu text
for call '&V1&'.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.