Please help me answer these question, thank you !
1. Goods receipt can be only for materials received as stock items.
a. True
b. False
2. A reservation is a request to deliver a material for a production order, sales order, etc.
a.True
b. False
3. GR/IR stands for...
| a. |
Goods Resale/Inventory Resale |
|
| b. |
Goods Receipt/Invoice Receipt |
|
| c. |
Goods Restock/Inventory Resale |
|
| d. |
General Rebate/Involuntary Rebate |
4. The following are all basic Procurement processes except...
| a. |
Vendor Selection |
|
| b. |
Purchase Requisition Determination |
|
| c. |
Customer Invoicing |
|
| d. |
Invoice Verification |
|
| e. |
Purchase Order Processing |
5. Purchase requisitions can only be created manually.
a. True
b. False
6. When an invoice payment is made, accounting information is updated.
a. True
b. False
7. In a competitive bidding process, a comparison of the material or service prices are compared.
a. True
b. False
8. Release orders cannot be generated off an MRP run.
a. True
b. False
9. A vendor contact will typically specify a negotiated price or quantity of a material or service
a. True
b. False
10. All posted transactions must have a unique number assigned
a. True
b. False
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