Ep Jan Day 4
(225).webp "Ep Jan Day 4 - Quiz")
EP JAN Day 4 quiz focuses on critical aspects of travel and expense management, including definitions of fixed travel allowances, VAT implications, and the significance of locations in expense systems. It aims to enhance understanding of financial operations relevant to business expense processing.
- 1.
What is the definition of a FIXED Travel Allowance?
- 2.
What is the order Travel Allowance uses when making a correct location rate match?
- 3.
What does VAT stand for?
- 4.
Name two expense categories that can qualify for business VAT refunds
- 5.
Why are locations so important in the system? (Select all that apply)
- A.
It determines who approves your report.
- B.
VAT rates are calculated based on location.
- C.
Delegate selection is based on location.
- D.
Travel Allowance rates are based on the destination city.
Correct Answer(s)
B. VAT rates are calculated based on location.
D. Travel Allowance rates are based on the destination city.Explanation
Locations are important in the system because VAT rates are calculated based on location, meaning that different locations may have different tax rates. Additionally, travel allowance rates are based on the destination city, so the location determines the amount of allowance that can be claimed.Rate this question:
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- 6.
Does Concur receive E-receipts from all vendors?
- A.
Yes
- B.
No
Correct Answer
B. NoExplanation
Concur does not receive E-receipts from all vendors.Rate this question:
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- 7.
How long after a trip has been completed should an end user see an E-receipt?
- A.
15 minutes
- B.
48 Hours
- C.
2 weeks
- D.
72 hours
Correct Answer
B. 48 HoursExplanation
After a trip has been completed, an end user should see an E-receipt within 48 hours. This time frame allows for any necessary processing and verification of the trip details before generating the receipt. It ensures that the receipt is accurate and includes all relevant information such as the trip duration, distance traveled, and any applicable charges or discounts. Waiting for 48 hours also allows for any potential delays or technical issues that may occur in the receipt generation process.Rate this question:
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- 8.
If the end user does not get an E-receipt what is the alternative method to get the report submitted?
- 9.
How long should an end user typically wait for a domestic credit card transaction to be imported into Concur from the credit card vendor?
- A.
2 weeks
- B.
2 days
- C.
5-7 days
- D.
Instantly
Correct Answer
C. 5-7 daysExplanation
The end user should typically wait for 5-7 days for a domestic credit card transaction to be imported into Concur from the credit card vendor. This timeframe allows for the necessary processing and verification of the transaction before it is imported into the Concur system. Waiting for this period ensures that the transaction data is accurate and can be properly reconciled within Concur.Rate this question:
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- 10.
Does Concur have access to see or modify the end users full credit card account number?
- A.
Yes
- B.
No
Correct Answer
B. NoExplanation
Concur does not have access to see or modify the end users' full credit card account number. This means that Concur does not have the ability to view or make changes to the complete credit card account number of the end users.Rate this question:
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- 11.
Where would you look in the system to research if a user's transaction was hidden? Administration > Expense Tools > Company Card > ________________
Correct Answer
Manage Transactions
manage transactions
Manage transaction
manage Transaction
manage Transactions
Manage transactionsExplanation
The correct answer is "Manage Transactions." This is the option that is most closely related to researching a hidden user transaction. By selecting "Manage Transactions," the user would be able to access and view all transactions within the system, including any that may have been hidden or are not readily visible. The other options listed do not specifically pertain to researching or accessing user transactions.Rate this question:
- 12.
Can the end user opt in or out of system/status emails such as notification of an available credit card transaction?
- A.
Yes
- B.
No
Correct Answer
A. YesExplanation
The end user has the option to choose whether they want to receive system/status emails, such as notifications of available credit card transactions. They can opt in or out of these emails based on their preference.Rate this question:
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Current Version
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May 23, 2024Quiz Edited by
ProProfs Editorial Team -
Jan 15, 2013Quiz Created by
CSReadiness
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