
Cert 15 - Purchase
Quiz
•
Professional Development
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Professional Development
•
Practice Problem
•
Medium
Phat Do
Used 2+ times
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27 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the costing method is “Average Cost”, will the unit cost of a product form change when I deliver some products?
Yes
No
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you set your “Control policy” to “On received quantities”, will receiving an incoming shipment update the amount to be invoiced?
Yes
No
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where do you define the vendor delivery lead time?
On the Product Detail (or Template) Form, under the Purchase tab, found on each individual Vendor line
On the vendor tab
On the company
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected behavior of a purchase agreement type with the “Select only one RFQ (Exclusive)” option configured?
Once a purchase order is confirmed, all other requests for quotations are automatically cancelled
You can only create one request for quotation per product
You can only create one request for quotation per agreement
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What will the scheduled purchase order date be if you validate a sales order on October 25th, knowing the product is set to "Buy" with a "MTO" route, with a "Customer Lead Time" set to 10 Days, a "Vendor Lead Time" set to 6 Days, and "Company Security Lead Time" for purchases is set to 2 Days?
October 23rd
October 27th
November 1st
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When you create a purchase agreement, and select a vendor, are products automatically populated in the purchase agreement lines?
Yes
No
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the costing method is “Average Cost”, will the cost in the product form change when you receive some products?
Yes
No
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