Question No 1
A company needs to create new items that can be company owned or vendor owned. You need to create and set up the items so that they can be used as company owned or consignment. What should you do?
A. Assign a non-stock service item model group
B. Assign a moving average costing inventory model
C. Activate batch dimension and assign a standard costing inventory model
D. Activate owner dimension and assign a standard costing inventory model
Answer: D
Question No 2
A company uses trade agreements for their customers. Prices for some customers must round to the nearest US dollar. A customer reports that prices do not round to the nearest US dollar as required. You need to resolve the issue. In Trade agreement journals, which option should you use?
A. Adjustment
B. View smart rounding
C. Validate all lines
D. Apply smart rounding
E. Apply smart rounding
Answer: D
Question No 3
A company creates several item costing versions. All new and existing items have costs associated with them. After applying the costs, the company notices the activation date has not been updated. You need to update the items to the current date for activation. What should you do?
A. Set the item cost record status to Active
B. Set the from date to today and leave the item cost record status at Pending
C. Set the item cost record status to Pending
D. Set the cost price and date of price on the released product
Answer: A
Question No 4
An employee at a company releases a new product from the Released product maintenance workspace. An employee in another department is unable to add the product to a sales order. You determine that dimension groups have not been applied to the product. You need to ensure that the product can be added to the sales order. Which two inventory dimension groups should you add to the product? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
A. Tracking dimension group
B. Coverage group
C. Product dimension group
D. Storage dimension group
Answer: C, D
Moreover:
A company needs to create new items that can be company owned or vendor owned. You need to create and set up the items so that they can be used as company owned or consignment. What should you do?
A. Assign a non-stock service item model group
B. Assign a moving average costing inventory model
C. Activate batch dimension and assign a standard costing inventory model
D. Activate owner dimension and assign a standard costing inventory model
Answer: D
Question No 2
A company uses trade agreements for their customers. Prices for some customers must round to the nearest US dollar. A customer reports that prices do not round to the nearest US dollar as required. You need to resolve the issue. In Trade agreement journals, which option should you use?
A. Adjustment
B. View smart rounding
C. Validate all lines
D. Apply smart rounding
E. Apply smart rounding
Answer: D
Question No 3
A company creates several item costing versions. All new and existing items have costs associated with them. After applying the costs, the company notices the activation date has not been updated. You need to update the items to the current date for activation. What should you do?
A. Set the item cost record status to Active
B. Set the from date to today and leave the item cost record status at Pending
C. Set the item cost record status to Pending
D. Set the cost price and date of price on the released product
Answer: A
Question No 4
An employee at a company releases a new product from the Released product maintenance workspace. An employee in another department is unable to add the product to a sales order. You determine that dimension groups have not been applied to the product. You need to ensure that the product can be added to the sales order. Which two inventory dimension groups should you add to the product? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
A. Tracking dimension group
B. Coverage group
C. Product dimension group
D. Storage dimension group
Answer: C, D
Moreover:
