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QUESTION NO: 1
Which statement is true regarding inventory transactions?
A. Transaction reasons can be used in all transaction forms.
B. You must create at least one user-defined transaction reason for each inventory organization,
C. You can designate, by transaction type, which transaction reasons are available.
D. Work in Process would not affect inventory transactions.
E. Inventory adjustments are not part of inventory transactions.
Answer: A
QUESTION NO: 2
What are the prerequisites for performing an accurate ABC Compile for Inventory Items using the Current on-hand value as the compile criterion?
A. Items costed only
B. Either items with on-hand quantity or items costed
C. Both items with on-hand quantity and items costed
D. Items with on-hand quantity only
Answer: C
QUESTION NO: 3
XYZ Corp. has operations in the U.S. and Canada. Within Canada, it has two separate Divisions due to Statutory requirements: one in Quebec and another in Ontario.
How would you define the organization structure for XYZ Corp. from the information given above?
A. two Ledgers, three Legal Entities, and three Operating Units
B. three Ledgers, three Legal Entities, and three Operating Units
C. two Ledgers, two Legal Entities, and three Operating Units
D. two Ledgers, three Legal Entities, and two Operating Units
E. two Ledgers, two Legal Entities, and two Operating Units
Answer: A
QUESTION NO: 4
Identify three features of Key Flexfields. (Choose three.)
A. Each segment of a Key Flexfield usually contains meaningful information.
B. A Key Flexfield structure consists of multiple code combinations.
C. The Key Flexfield structure comprises Segments.
D. Key Flexfields appear as a single-space field enclosed in brackets.
E. Key Flexfields are used as Identifiers for entities.
Answer: A,C,E
QUESTION NO: 5
The client wants to implement reorder point planning for some items in the organization. They currently use min-max planning.
What is the minimum amount of information that needs to be changed on the items the client wants to plan?
A. Safety Stock Quantity, Inventory Planning Method set to Reorder Point, Forecast Quantity,
Carrying Cost, Order Cost, and Minimum Order Quantity
B. Safety Stock Quantity, Inventory Planning Method set to Reorder Point, Forecast Quantity,
Carrying Cost
C. Safety Stock Quantity and Forecast
D. Safety Stock Quantity, Inventory Planning Method set to Reorder Point, Forecast Quantity,
Carrying Cost, Order Cost, and Maximum Order Quantity
E. Safety Stock Quantity, Inventory Planning Method set to Reorder Point, Forecast Quantity,
Carrying Cost, and Order Cost Quantity
Answer: E
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Updated: May 28, 2022