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    Question: 1

    You are the accounts payable manager for your company. You and the vendor agree that defective items will be returned with a reference to the original purchase order.
    You need to create a vendor credit note.
    What are three methods that can be used? Each correct answer presents part of the solution.
    A. Copy the original purchase invoice.
    B. Createa purchase order with the purchase type blanket order.
    C. Create a purchase order with the purchase type journal.
    D. Create a purchase order with the purchase type returned order.
    E. Create a purchase order line for a negative quantity.

    Answer: C Derrius Guice Redskins Jersey ,D,E

    Question: 2

    You are training a new employee. They need to know the items that are required for posting an invoice register.
    What are the two required items? Each correct answer presents part of the solution.

    A. Number allocation at posting
    B. Vendor account number
    C. Transaction text
    D. Vendor invoice number

    Answer: B,D

    Question: 3

    You are the purchasing agent for your company.
    You need to create a request for quotation (RFQ) for a product that is not in the item drop-down list.
    Which type of line item should you create?

    A. Category
    B. Open
    C. Solicitation
    D. Item

    Answer: A

    Question: 4

    You are working with a vendor who supplies you with apparel and sporting good products. You are negotiating a new purchase agreement with the vendor.
    The agreement terms you have arranged with the vendor are for a 3 percent discount on all of the sporting good products when the order volume over the next month is at least 50,000 USD.
    Which commitment type should you use?

    A. product quantity
    B. product value
    C. product category value
    D. value

    Answer: C

    Question: 5

    You are the purchasing administrator for your company.
    You need to create a purchasing policy.
    Which two policy rules should be selected to manage employee access to specific categories in the procurement category hierarchy and to define rules that control the requisition creation process? Each correct answer presents part of the solution.

    A. Category access policy rule.
    B. Replenishment category access policy rule.
    C. Requisition purpose rule
    D. Purchase requisition control rule

    Answer: A Da'Ron Payne Redskins Jersey ,D

    Question: 6

    You are the purchasing agent for your company.
    You create a purchase requisition workflow to control the process.
    What are two activities that happen during this process? Each correct answer presents part of the solution.

    A. submitting the purchase order to the vendor
    B. submitting a purchase requisition
    C. creating a purchase order
    D. approval of the purchase requisition

    Answer: B,D
    Total Views: 58Word Count: 405See All articles From Author
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