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1. In
SAP Business One what are the three different types of Item Master Record?
2. In SAP Business One, what is the path for
defining 'Alternative Items'?
A. Administration > Setup > Inventory > Define Item Group
B. Inventory > Item Management > Define Business Partner Catalogue
C. Inventory > Item Management > Define Alternative Item
3. A manager has just placed an item 'On Hold' for a month between the
1st of January to 1st of February, leaving these dates in the Item Master
Record. When trying to create a Sales Order for this item on 2nd of February,
what will be the outcome?
A. The Sales Order will be
created
4
. It is possible to place an Item ‘On Hold’ for a set period of time.5
. Which of the following statements is true...6
. Is it possible to duplicate the Item Code number in the Item Master Data Record?7. It is possible to edit an Item Property.
True or False
8.
Drag the document icons to the corresponding text (Delivery, A/R Invoice, Sales Order)9.
Match the statements to the correct document type (A/R Invoice, Sales Order, Delivery)11.
If a box holds 10 single items and a Sales Order is placed for 21 single items, how many boxes will be needed for delivery?12. It is possible to override the quantity in a Purchase Order when factors
are being used.
True or False
13. What is the correct order according to which the prices in a document are
determined?
A.
14. A definition of Special
Prices deletes the standard prices maintained in the regular price lists.
True or False
15. What should one
do in order to define a fixed price in the Special Prices - Item Details window
(meaning that the special price will remain unchanged, regardless of any updates
made in the linked price list)?
A. Clear the column "Auto
B. Enter a price manually in the column "Price"
C. Check the column "Auto"
D. Change the discount percentage manually
16.
Blue rows in the Special Prices - Item details window indicates that: 17. In the Update Special
Prices Globally window, the option Refresh by Price List:
A. These item rows have not been changed yet
B. Validity periods and/or quantity
dependent prices were defined for these rows
C. These item rows were changed only in the Special Prices - Item Details window
D. Special These items are currently out of stock
18. I When a document is created within SAP Business One, the system proposes the default Price List for that particular Business Partner. True or False
19. It is possible to maintain prices in any of the price lists manually in SAP Business. True or False
20. It is possible to update Last Purchase Price manually in SAP Business One ? True or False
21. Discount Groups can be defined only according to Item Groups OR Properties OR Manufactures? True or False
22. I open
the Define hierarchies and Expansions for Price Lists window, but I cannot
update the Price column. Why?
A. The item you are trying to update is out of stock
B. You have to use the Price List
Item Details by Period window
C. Place the cursor on the Price field and double click it.
First In First Out (FIFO)
24. In
order to initialize a continuous stock system in your company you have to check
the box:
A. Handle Price System per Warehouse
B. Use Purchase Account Posting System
C. Inventory Valuation By
D.
Allow Stock Release Without Cost Price
25. The most important G/L Account
in the continuous stock system is:
A. The Stock account
B. The Allocation account
C.
The Cost of Goods Sold account
D.
The WIP Material account
26. In the Moving Average
costing method:
A. The item price is calculated according to its stock receipt
and release postings.
B. The item
price is calculated according to its stock receipt postings.
C. The item price is calculated according to its last stock
receipt.
D. The item price is calculated according its price in the
price list.
27. In the Standard costing method it is
possible to define a different cost price in every warehouse?
True or False
28. If the Variance G/L Account is recorded in a
Journal Entry you can conclude that:
(Select 2 answers)
A. There was a difference between the price in the document and the Standard
price of the item.
B. No Standard price was recorded for the item.
C. The item had a positive stock level during the creation of the document.
29. If the
Price Difference G/L Account is recorded in a Journal Entry you can conclude
that:
A. There was a difference between the
price in the document and the standard price of the item.
B. No standard price is recorded for the item
C.
The item's stock level was or became negative during the creation of the
document.
30. A layer of quantity and price closes when:
A. Its entire quantity is
released
B. When you select from the upper menu
Data Close in the document which create this layer
C. When the document which created this layer is copied to a
target document
D. Answers 2 and 3 are correct
31. When you select from the upper menu
Data Close in the document which create this layer:
(Select 2 answers)
A. A new layer will be created with a negative price
B. All the layers of this item will be closed
C. The release price of this item will be taken from the Last
Purchase Price
32. You can change the
costing method of an item which has no open documents and a zero or negative
stock level.
True or False
33. 'Available Stock' is defined as:
A. On Hand - Ordered + Committed B. On Hand - Committed + Ordered
35. Which account is used for recording
the liability of a Goods Receipt before the purchase invoice is received?
A. Stock account
B. Allocation Costs account
C. Expenses account
D. Revenue account
The Delivery document creates a journal that posts the value of the delivered goods to the debit side of a cost account (costs of goods sold or COGM account), and to the credit side of the stock account.
True or False
37.
What effects on stock does a Goods Receipt have?A. Increase stock
B. Decrease stock C. No effect38. What is the main difference between the normal Inventory in Warehouse Report and the detailed Inventory in Warehouse Report?