1. A purchase requisition is an internal document instructing the purchasing department to request a specific good or service for a specified time.

True or False

2. A quotation receive by a company is not a legally binding offer.

True or False

3. A vendor does not need a master record.

True or False

4. MM deals creates and manages customers.

True or False

5. Outline agreements are divided into:

A.Contracts

B.Scheduling Agreements

C.Delivery Agreements

D.Both a and b

6. Purchasing Information Record can be created by which of these:

A.Automatically-Purchase Orders

B.Manually

C.Automatically-Quotations

D.All of the above

7 Purchasing Organization does all of these EXCEPT:

A.Channel of communication for vendors

B.Negotiates conditions of purchase with vendors

C.The buying activity for a plant

D.Organization unit responsible for services and materials

8 Requisitions can be created two ways:

A. Physically and Spiritually

B.By mail and by fax

C. Manually and Automatically

D. Over the phone and by paper

9 The Purchase Order Structure (In Order) is:

A.Header, Item Overview, Line Item

B.Header,Line Item, Item Overview

C.Title, Row Order, Product Receipt

D.Title, Item Receipt, Row Order

10 Vendors are established in both accounting and purchasing.

True or False

11 Vendors are established in:

A.Both Accounting and purchasing

B.Accounting

C.Purchasing

D.Receiving

12 What is a company code?

A.An organizational unit allowing differentiation between various stocks

B.Smallest org. unit for which you maintain a legal set of books

C.Operating area or branch within a company

D.None of the these

13 What is an RFQ?

A.Document containing a quote

B.Invitation to a vendor by a Purchasing Organization to submit a bid

C.Invitation to a Purchasing Organization by a vendor to submit a bid

D.None of the above

14 What is an organizational unit allowing differentiation between the various stocks of a material in a plant?

A.Client

B.Company Code

C.Storage Location

D.Plant

15 What is movement type 101?

A.Goods receipt into GR blocked stock

B.Initial entry of stock

C.Goods receipt into warehouse

D.Consumption for a sales order

16 Which of the following is NOT a way that the vendor needs to be notified once a purchase order has been created?

A.Printed

B.E-mail

C.EDI

D.Fax

E.Carrier Pidgeon

17 _______________ is when a company accept goods into their system.

A.Purchase Order

B.Purchase Requisition

C.Goods Issue

D.Goods Receipt