A Practice Test On Procurement Process! Trivia Quiz

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| By Jofarrell
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Jofarrell
Community Contributor
Quizzes Created: 4 | Total Attempts: 1,658
| Attempts: 845
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  • 1/102 Questions

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } Vendor master data include the data needed to conduct business with a vendor and to execute transactions related to the procurement process.

    • True
    • False
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About This Quiz

This trivia quiz titled 'A Practice Test on Procurement Process!' assesses knowledge on various aspects of procurement including organizational data, storage locations, and purchasing operations. It is ideal for learners looking to enhance their understanding of procurement dynamics in business management.

A Practice Test On Procurement Process! Trivia Quiz - Quiz

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  • 2. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } Storage locations are places within a plant were materials are kept until they are needed

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Easy

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  • 3. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } The enterprise-level purchasing organization is the most centralized model.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Medium

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  • 4. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } The data needed to create a purchase requisition are the item category, quantity, desired delivery date, and desired delivery location or receiving plant.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Medium

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  • 5. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } The enterprise‐level purchasing organization is also known as the cross‐company code purchasing organization.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Medium

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  • 6. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } When purchasing consumable materials, an account assignment category and specific account assignment objects must be provided when the purchase order is created.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Medium

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  • 7. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } What is a storage location?

    • The place where raw materials are received

    • The place within a plant where materials are kept until they are needed

    • The place where materials are collected for staging and inspection

    • The place within a plant where machines are installed for production purposes

    • The place within a plant where finished goods are kept for sale

    Correct Answer
    A. The place within a plant where materials are kept until they are needed
    Explanation
    Difficulty: Medium

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  • 8. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } Different material types have different required material views.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Medium

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  • 9. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } Invoice verification authorizes payment of the invoice to the vendor.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Easy

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  • 10. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } Consumable materials are acquired to be used within an organization.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Easy

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  • 11. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } Typically, there are three models of purchasing organizations: enterprise-level, company-level, and plant-level.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Medium

    Rate this question:

  • 12. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } Material master data can be defined differently for different organizational levels.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Medium

    Rate this question:

  • 13. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } The header section of a purchase order contains information such as purchase order number, vendor, currency, dates, and payment terms.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Medium

    Rate this question:

  • 14. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } There can only be one storage location within a plant.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    Difficulty: Easy

    Rate this question:

  • 15. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } The most decentralized model of purchasing organizations is the plant‐specific purchasing organization.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Easy

    Rate this question:

  • 16. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } A requisition represents a legal obligation to make the purchase.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    Difficulty: Medium

    Rate this question:

  • 17. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } The primary task of the order processing step is to create and send the purchase order to the vendor.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Easy

    Rate this question:

  • 18. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; background-color: rgb(255, 255, 255); }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; }p, h1, h2, h3, li { color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; text-align: left; }.question { } Materials ordered in multiple purchase orders must be delivered in multiple shipments.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    Difficulty: Medium

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  • 19. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } A storage location is a key organizational element in purchasing.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Medium

    Rate this question:

  • 20. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } A purchasing organization is involved only in negotiating prices with vendors

    • True

    • False

    Correct Answer
    A. False
    Explanation
    Difficulty: Difficult

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  • 21. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } The method used to value material is defined in the material master.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Medium

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  • 22. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } Accounting data related to a vendor are accessible to all clients in a company code

    • True

    • False

    Correct Answer
    A. False
    Explanation
    Difficulty: Medium

    Rate this question:

  • 23. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } Item categories in a purchase order determine the process steps used to procure materials.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Easy

    Rate this question:

  • 24. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } A transfer posting changes the stock status of a material and need not involve a physical movement of goods.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Easy

    Rate this question:

  • 25. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } Requirements for materials must be created manually

    • True

    • False

    Correct Answer
    A. False
    Explanation
    Difficulty: Difficult

    Rate this question:

  • 26. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } The material master is updated after the goods receipt step of the procurement process has been completed.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Difficult

    Rate this question:

  • 27. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } Which of the following is an intersection or combination of material data and vendor data?

    • Condition type

    • Purchasing info record

    • Stock transfer

    • Third-party order

    • Search term

    Correct Answer
    A. Purchasing info record
    Explanation
    Difficulty: Medium

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  • 28. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; background-color: rgb(255, 255, 255); }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; }p, h1, h2, h3, li { color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; text-align: left; }h2 { font-size: 14pt; font-weight: bold; margin-bottom: 3pt; margin-top: 22pt; page-break-after: avoid; } A goods movement is a transaction that causes a change in stock value or status.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Medium

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  • 29. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } SAP cannot utilize any media except Web services to communicate a purchase order to a vendor.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    Difficulty: Easy

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  • 30. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } Tolerances for price variations among purchase orders, invoices, and goods receipts are allowed, but tolerances for quantity variances are not.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    Difficulty: Difficult

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  • 31. 

    #toc,.toc,.mw-warning{border:1px solid rgb(170,170,170);background-color:rgb(249,249,249);padding:5px;font-size:95%;}#toc h2,.toc h2{display:inline;border:medium none;padding:0px;font-size:100%;font-weight:bold;}#toc #toctitle,.toc #toctitle,#toc .toctitle,.toc .toctitle{text-align:center;}#toc ul,.toc ul{list-style-type:none;list-style-image:none;margin-left:0px;padding-left:0px;text-align:left;}#toc ul ul,.toc ul ul{margin:0px 0px 0px 2em;}#toc .toctoggle,.toc .toctoggle{font-size:94%;}body{text-decoration:none;text-indent:0in;text-align:left;font-weight:normal;font-variant:normal;color:rgb(0,0,0);font-size:10pt;font-style:normal;widows:2;font-family:'Times New Roman';}table{}td{border-collapse:collapse;text-align:left;vertical-align:top;} SAP can utilize which of the following media to communicate with a vendor?

    • Web services

    • EDI

    • Fax

    • Print

    • All of the above

    Correct Answer
    A. All of the above
    Explanation
    Difficulty: Easy

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  • 32. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } A goods receipt cannot be accomplished without a movement type.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Medium

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  • 33. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } Which of the following account assignment categories is used when the company acquires a fixed asset?

    • Cost center

    • Asset

    • Order

    • Sales order

    • Project

    Correct Answer
    A. Asset
    Explanation
    Difficulty: Easy

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  • 34. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } Which of the following is a form of invoice verification?

    • Three-way match

    • Quality management

    • Inspection lot

    • Warehouse management

    • None of the above

    Correct Answer
    A. Three-way match
    Explanation
    Difficulty: Medium

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  • 35. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } General data related to a vendor are accessible to all company codes in a client.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Easy

    Rate this question:

  • 36. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } Payments must be made automatically through a payment program

    • True

    • False

    Correct Answer
    A. False
    Explanation
    Difficulty: Medium

    Rate this question:

  • 37. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } Electronic payments are sent automatically

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Medium

    Rate this question:

  • 38. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } To complete a vendor payment, which of the following types of data must be included on the vendor master?

    • Payment terms

    • Payment method

    • Date

    • Payment address

    • Amount

    Correct Answer(s)
    A. Payment terms
    A. Payment method
    A. Payment address
    Explanation
    Difficulty: Medium

    Rate this question:

  • 39. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; }p, h1, h2, h3, li { color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; text-align: left; }.question { }.multiplechoiceanswer { margin-left: 0.2375in; text-indent: -0.2375in; }.answerline { } Within the plant-level purchasing organization, also known as a plant-specific purchasing Organization,

    • Each plant has its own purchasing organization

    • One purchasing organization is responsible for multiple plants

    • Only one purchasing organization for all plants

    • One purchasing organization is responsible for all company codes in the enterprise

    • Two or more purchasing organizations are responsible for each plant

    Correct Answer
    A. Each plant has its own purchasing organization
    Explanation
    Difficulty: Difficult

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  • 40. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } A plant can belong to more than one company code.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    Difficulty: Medium

    Rate this question:

  • 41. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } A stock transfer does not involve a change in storage location.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    Difficulty: Difficult

    Rate this question:

  • 42. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } Which of the following goods movements need not involve a physical movement of materials?

    • Goods receipt

    • Goods issue

    • Stock transfer

    • Transfer posting

    • None of the above (all involve physical movement of materials)

    Correct Answer
    A. Transfer posting
    Explanation
    Difficulty: Medium

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  • 43. 

    #toc,.toc,.mw-warning{border:1px solid rgb(170,170,170);background-color:rgb(249,249,249);padding:5px;font-size:95%;}#toc h2,.toc h2{display:inline;border:medium none;padding:0px;font-size:100%;font-weight:bold;}#toc #toctitle,.toc #toctitle,#toc .toctitle,.toc .toctitle{text-align:center;}#toc ul,.toc ul{list-style-type:none;list-style-image:none;margin-left:0px;padding-left:0px;text-align:left;}#toc ul ul,.toc ul ul{margin:0px 0px 0px 2em;}#toc .toctoggle,.toc .toctoggle{font-size:94%;}body{text-decoration:none;text-indent:0in;text-align:left;font-weight:normal;font-variant:normal;color:rgb(0,0,0);font-size:10pt;font-style:normal;widows:2;font-family:'Times New Roman';}table{}td{border-collapse:collapse;text-align:left;vertical-align:top;} Which item is included in the header of a purchase order?

    • Order quantity

    • Vendor

    • Delivery date

    • Price

    • None of the above

    Correct Answer
    A. Vendor
    Explanation
    Difficulty: Medium

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  • 44. 

    #toc,.toc,.mw-warning{border:1px solid rgb(170,170,170);background-color:rgb(249,249,249);padding:5px;font-size:95%;}#toc h2,.toc h2{display:inline;border:medium none;padding:0px;font-size:100%;font-weight:bold;}#toc #toctitle,.toc #toctitle,#toc .toctitle,.toc .toctitle{text-align:center;}#toc ul,.toc ul{list-style-type:none;list-style-image:none;margin-left:0px;padding-left:0px;text-align:left;}#toc ul ul,.toc ul ul{margin:0px 0px 0px 2em;}#toc .toctoggle,.toc .toctoggle{font-size:94%;}body{text-decoration:none;text-indent:0in;text-align:left;font-weight:normal;font-variant:normal;color:rgb(0,0,0);font-size:10pt;font-style:normal;widows:2;font-family:'Times New Roman';}table{}td{border-collapse:collapse;text-align:left;vertical-align:top;}p,h1,h2,h3,li{color:rgb(0,0,0);font-family:'Times New Roman';font-size:10pt;text-align:left;}.question{}.multiplechoiceanswer{margin-left:0.2375in;text-indent:-0.2375in;}.answerline{} Which one of the following is not one of the data types that are relevant to the purchasing process?

    • Material master

    • Vendor master

    • Sales master

    • Purchasing info records

    • Conditions

    Correct Answer
    A. Sales master
    Explanation
    Difficulty: Medium

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  • 45. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } Materials that are acquired to be used within the organization are referred to as

    • Stock materials

    • Transfer materials

    • Vendor materials

    • Consumable materials

    • None of the above

    Correct Answer
    A. Consumable materials
    Explanation
    Difficulty: Medium

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  • 46. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } Which of the following statements about a plant is not true?

    • A plant can be assigned to more than one company code

    • A company code can have more than one plant

    • A plant is a key organizational element in purchasing

    • A plant can be assigned to only one company code

    • A plant must have at least one storage area

    Correct Answer
    A. A plant can be assigned to more than one company code
    Explanation
    Difficulty: Difficult

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  • 47. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } The material master is updated after the invoice verification step of the procurement process has been completed

    • True

    • False

    Correct Answer
    A. True
    Explanation
    Difficulty: Easy

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  • 48. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; } Data in the vendor master are grouped into which three segments?

    • General data, storage data, and purchasing data

    • General data, storage data, and inventory data

    • Storage data, accounting data, and purchasing data

    • Storage data, accounting data, and pricing data

    • General data, accounting data, and purchasing data

    Correct Answer
    A. General data, accounting data, and purchasing data
    Explanation
    Difficulty: Medium

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  • 49. 

    #toc, .toc, .mw-warning { border: 1px solid rgb(170, 170, 170); background-color: rgb(249, 249, 249); padding: 5px; font-size: 95%; }#toc h2, .toc h2 { display: inline; border: medium none; padding: 0px; font-size: 100%; font-weight: bold; }#toc #toctitle, .toc #toctitle, #toc .toctitle, .toc .toctitle { text-align: center; }#toc ul, .toc ul { list-style-type: none; list-style-image: none; margin-left: 0px; padding-left: 0px; text-align: left; }#toc ul ul, .toc ul ul { margin: 0px 0px 0px 2em; }#toc .toctoggle, .toc .toctoggle { font-size: 94%; }body { text-decoration: none; text-indent: 0in; text-align: left; font-weight: normal; font-variant: normal; color: rgb(0, 0, 0); font-size: 10pt; font-style: normal; widows: 2; font-family: 'Times New Roman'; }table { }td { border-collapse: collapse; text-align: left; vertical-align: top; }p, h1, h2, h3, li { color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; text-align: left; }.question { }.multiplechoiceanswer { margin-left: 0.2375in; text-indent: -0.2375in; }.answerline { } Which item category would you use to have your vendor ship goods directly to your customer?

    • Consignment

    • Third-party

    • Stock transfer

    • Standard

    • Transfer posting

    Correct Answer
    A. Third-party
    Explanation
    Difficulty: Medium

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Quiz Review Timeline (Updated): Aug 23, 2024 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Aug 23, 2024
    Quiz Edited by
    ProProfs Editorial Team
  • Apr 03, 2013
    Quiz Created by
    Jofarrell

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