Mm - Rfq & Po Processing
- 1.
Collective Number in RFQ is?
- A.
A key for Price comparison.
- B.
A number for grouping PRs.
- C.
A number for grouping Items.
- D.
All of the above.
- E.
None of the above
Correct Answer
A. A key for Price comparison.Explanation
The collective number in RFQ serves as a key for price comparison. It allows for the grouping of purchase requests (PRs) and items, making it easier to compare prices across different quotations. This helps in making informed decisions and selecting the most cost-effective option.Rate this question:
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- 2.
TCode to view Maintained RFQ:
- A.
ME42
- B.
ME47
- C.
ME48
- D.
ME43
- E.
None of the above
Correct Answer
C. ME48Explanation
The correct answer is ME48 because ME48 is the TCode specifically used to view maintained Request for Quotation (RFQ) in SAP. The other TCodes listed, ME42, ME47, and ME43, are not used for this purpose.Rate this question:
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- 3.
Price comparison in RFQ happens at (Choose Most Suitable)?
- A.
Item Level
- B.
Over all level.
- C.
Vendor Level
- D.
Both Item and Overall level
- E.
None of the above
Correct Answer
D. Both Item and Overall levelExplanation
In RFQ (Request for Quotation), price comparison occurs at both the item level and overall level. At the item level, the prices of individual items or products are compared between different vendors. This allows the buyer to assess the competitiveness of each vendor's pricing for specific items. At the overall level, the total cost or pricing of the entire RFQ is compared among vendors. This helps the buyer to evaluate the overall affordability and value for money offered by each vendor. Therefore, price comparison in RFQ occurs at both levels to ensure a comprehensive assessment of pricing options.Rate this question:
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- 4.
Payment terms are indicated in the RFQ at:
- A.
Item Level
- B.
Header Level
- C.
Both levels
- D.
All of the above.
- E.
None of the above.
Correct Answer
B. Header LevelExplanation
The payment terms are indicated at the header level. This means that the terms apply to the entire request for quotation (RFQ) and all the items listed within it. The terms are not specified at the item level, which would mean different terms for each individual item. It is also not indicated at both levels, as this would imply that there are separate terms for the header and each item. Finally, the answer is not "none of the above" as the payment terms are indeed indicated at the header level.Rate this question:
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- 5.
The Release strategy for a Purchase Order would appear at :
- A.
Header Level
- B.
Item level
- C.
Both Item & header level
- D.
All of the above.
- E.
None of the above.
Correct Answer
A. Header LevelExplanation
The release strategy for a purchase order appearing at the header level means that the release strategy is applied to the entire purchase order as a whole. This implies that all items within the purchase order will follow the same release strategy, without any differentiation based on individual items. Therefore, the release strategy is not applied at the item level, and it is not applied separately to both the item and header levels.Rate this question:
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- 6.
Changes in the Purchase Order can be tracked at :
- A.
Header Level
- B.
Item level
- C.
C. Both Item & header level
- D.
All of the above.
- E.
None of the above.
Correct Answer
C. C. Both Item & header levelExplanation
Changes in the Purchase Order can be tracked at both the item level and the header level. This means that any modifications or updates made to individual items within the purchase order as well as any changes made to the overall header information of the purchase order can be monitored and recorded. Therefore, the correct answer is C. Both Item & header level.Rate this question:
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- 7.
Which of the following can be referred in a Purchase Order?
- A.
Purchase Requisition
- B.
RFQ.
- C.
Outline Agreement
- D.
All of the above.
- E.
None of the above.
Correct Answer
D. All of the above.Explanation
A Purchase Order can refer to various documents, including a Purchase Requisition, RFQ (Request for Quotation), and an Outline Agreement. A Purchase Requisition is a formal request made by an organization to purchase goods or services, while an RFQ is a document sent to potential suppliers to obtain pricing and other information. An Outline Agreement is a long-term agreement between a buyer and a seller for the supply of goods or services. Therefore, all of the options mentioned can be referred to in a Purchase Order.Rate this question:
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- 8.
Which of the following text flows in the Purchase order from the referred purchase requisition?
- A.
Item Delivery Text
- B.
Item Note.
- C.
Header text
- D.
All of the above.
- E.
None of the above.
Correct Answer
D. All of the above.Explanation
All of the mentioned text flows in the Purchase order from the referred purchase requisition. The Item Delivery Text provides specific instructions regarding the delivery of the item, the Item Note includes additional information or specifications related to the item, and the Header Text contains general information or notes about the purchase order. Therefore, all three types of text are included in the Purchase order.Rate this question:
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- 9.
Inforecord can be updated from the Purchase Order via:
- A.
Referring the inforecord in the PO
- B.
InfoUpdate Indicator
- C.
Can Not be updated from PO.
- D.
Valuation Class
- E.
None of the above.
Correct Answer
B. InfoUpdate IndicatorExplanation
The correct answer is InfoUpdate Indicator. The InfoUpdate Indicator is a field in the Purchase Order that allows for the update of the inforecord. By selecting this indicator, any changes made in the Purchase Order will also be reflected in the inforecord. This ensures that the information in the inforecord is up to date and accurate.Rate this question:
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- 10.
Reason for order field is in which tab?
- A.
Delivery tab
- B.
Delivery Schedule tab
- C.
Retail Tab
- D.
Condition Tab.
- E.
None of the above.
Correct Answer
C. Retail TabExplanation
The reason for the order field being in the Retail Tab is because it is related to the retail aspect of the business. The Retail Tab likely contains information and settings specific to the retail operations, such as pricing, inventory management, and order processing. Placing the order field in this tab ensures that it is easily accessible and can be managed within the context of the retail operations.Rate this question:
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- 11.
Conditions like Discounts, Surcharges can be indicated in PO at:
- A.
Header Level
- B.
Item level
- C.
Both Item & header level
- D.
All of the above.
- E.
None of the above.
Correct Answer
C. Both Item & header levelExplanation
Discounts and surcharges can be indicated in a purchase order (PO) at both the item level and the header level. This means that a discount or surcharge can be applied to individual items within the order, as well as to the overall order itself. This provides flexibility in applying different pricing conditions to specific items or to the entire order. By allowing discounts and surcharges at both levels, businesses can effectively manage pricing and ensure accurate calculations for both individual items and the entire order.Rate this question:
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- 12.
Payment terms are indicated at the header in:
- A.
Delivery/invoice tab.
- B.
Org.Data Tab
- C.
Conditions Tab
- D.
All of the above.
- E.
None of the above.
Correct Answer
A. Delivery/invoice tab.Explanation
The payment terms are indicated at the header in the Delivery/invoice tab. This tab typically contains information related to the delivery and invoicing of goods or services, including the terms and conditions of payment. The Org.Data Tab and Conditions Tab may contain other relevant information, but they do not specifically indicate the payment terms. Therefore, the correct answer is the Delivery/invoice tab.Rate this question:
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- 13.
TCODE for Release of PO:
- A.
ME29N
- B.
MB21
- C.
ME27
- D.
ME23N
- E.
None of the above.
Correct Answer
A. ME29NExplanation
The correct answer is ME29N because it is the TCODE used for the release of a Purchase Order (PO). The other options (MB21, ME27, ME23N) are not relevant to the release of a PO.Rate this question:
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- 14.
TCODE to assign source of supply is:
- A.
ME49
- B.
ME57
- C.
ME28
- D.
ME43
- E.
None of the above.
Correct Answer
B. ME57Explanation
ME57 is the correct TCODE to assign the source of supply. The other options (ME49, ME28, ME43) are not relevant for this task. ME57 is specifically used in SAP to assign a source of supply to a material, which enables the system to determine where the material should be procured from.Rate this question:
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- 15.
Material Number range is decided by:
- A.
Material Group
- B.
Material Type
- C.
Industry Type
- D.
Valuation Class
- E.
None of the above.
Correct Answer
B. Material TypeExplanation
The correct answer is Material Type. The material number range is determined based on the material type. Each material type has its own number range, which helps in organizing and categorizing materials in a systematic manner. By assigning a specific material type, the system automatically assigns the appropriate number range for that particular material. This ensures that materials are uniquely identified and managed efficiently within the system.Rate this question:
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Current Version
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Mar 20, 2023Quiz Edited by
ProProfs Editorial Team -
Mar 14, 2014Quiz Created by
Rajeshmishra
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