Chapter 04 The Procurement Process Review Questions

Chapter 04 The Procurement Process Review Questions -...

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The Procurement Process Review Questions 1) Which of the following are material types? a) Consumable material b) Raw material c) Packaging d) Non-stock material e) Non-valuated material 2) Which of the following are key documents in Purchasing? a) Material documents b) FI documents c) CO documents d) Purchase order e) Invoice 3) A FI document includes a header and items section. Which of the following data are data in the items section? a) Document number b) Account c) Amount d) Document date e) Document currency 4) Material documents consist of a header and items section. Which of the following are data in the items section? a) Document number b) Movement type c) Material number d) Storage location e) Document date 5) Which item category would you use to have your vendor ship goods directly to your customer? a) Consignment b) Third party c) Stock transfer d) Standard e) Services 6) What are the key stock types (status) in purchasing, based on usability of materials? a) Unrestricted use b) Stock in transit c) Stock on order d) In storage e) Blocked stock 7) What are the key stock types (status) in purchasing, based on usability of materials? a) On consignment b) Stock in transit c) In goods receipt d) In quality inspection e) Blocked stock 8) Which of the following goods movement always involves a physical transfer of materials? a) Goods receipt b) Goods issue c) Stock transfer d) Transfer posting 9) Which of the following are organizational elements in Purchasing? a)
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This note was uploaded on 04/05/2011 for the course MGT 351 taught by Professor Smith,w during the Winter '08 term at Grand Valley State.

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Chapter 04 The Procurement Process Review Questions -...

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