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Question 1

You created a consigned agreement with a supplier. The supplier shipped the goods, which you received in your receiving are a. After two days, you transferred the goods from receiving into your inventory and used it for your interorganization transfer order.Where is the ownership of the goods?

Options :

A : The ownership is with the buyer due to interorganization consigned inventory movement.

B : The ownership changes from the supplier to the buyer as soon as the goods are received in the receiving area.

C : The ownership is with the supplier because the supplier has not sent the consumption advice.

D : The ownership is with the supplier because the goods are not yet consumed.

Answer: A

Question 2

What is the role of a division in an enterprise structure?

Options :

A : It owns the assets of an enterprise.

B : It defines the destination of an expense.

C : It represents the primary organizing principle of an enterprise.

Answer: C

Question 3

What happens when you accrue at receipt in receipt accounting?

Options :

A : Less timely accounting takes place

B : Less accounting and reconciliation take place.

C : Expenses and payables are booked when a supplier invoice is processed.

D : Accrual and expense are booked upon receipt. (*)

Answer: D

Question 4

In Print Min-Max Planning Report parameters, Demand Cut-Off Date is set to 10-Sep, Current Date to 15-Sep, and the Demand Cut-Off Date Offset is set to 2.What happens when the report is run?

Options :

A : It considers all demand between 10-Sep and 17-Sep

B : It considers all demand on or before 10-Sep.

C : It considers all demand between 10-Sep and 13-Sep

Answer: C

Question 5

What does order promising do when the requested date for a sales order is before the infinite availability time fence definition?

Options :

A : Looks for on-hand supply

B : Looks for on-hand supply

C : Promises on the requested date and doesnt check availability

D : Promises on the requested date and checks availability

E : Does a supply chain search (*)

Answer: D