01. During the March month-end walk-through at a paper mill, a supervisor finds that a valve bin holds 15 units, not the 18 that Inventory shows. On the morning of 3 April the supervisor records the correction with the Current Balance adjustment in Inventory. Finance asks which date places the resulting CURBALADJ transaction in a financial period.
Which date determines the period?
a) The date of the item's most recent physical count
b) The system date and time when the adjustment is saved
c) An Actual Date the supervisor enters on the adjustment line
d) The last day of the month when the loss was found
02. After the Reconcile action runs on a plant's count book, the storeroom lead clears the Reconcile checkbox on one line that needs investigating. During reconciliation, that line's GL Debit Account and GL Credit Account values had been updated. The count book is not yet complete.
What happens to that line's GL Debit Account and GL Credit Account values?
a) They are both set to the shrinkage account
b) They revert to the storeroom's default accounts
c) They are cleared until the line is reconciled again
d) They stay as the reconciliation updated them
03. Planned materials on approved work orders at a fleet depot are reserved automatically in the parts storeroom. Some of the reservations come out hard and others soft.
What decides the type of each automatic reservation?
a) The date the materials are required
b) The reorder point of the storeroom item
c) The ABC type of the reserved item
d) The priority of the work order
04. Before a mining company renews a supply agreement for crusher liners, the buyer opens Vendor Analysis for the item and vendor. The buyer wants the vendor's actual performance across every past order line, measured in days from purchase order date to receipt.
Which value should the buyer read?
a) Promised Lead Time (Days)
b) Average Delivery Time
c) Percent on Time
d) Last Delivery Time
05. In March, 10 filter cartridges were issued from a plant storeroom to a work order at the item's average cost of $12.00. Later receipts have raised the average cost to $13.50. In June, a fitter brings back 4 unused cartridges, and the clerk returns them with Select Items for Return in Inventory Usage.
What line cost does the return transaction carry?
a) −$54.00
b) −$120.00
c) −$48.00
d) $48.00
06. At a regional hospital's facilities storeroom, counter requests for unplanned jobs keep drawing down parts that planned maintenance work orders need later in the week. The storeroom supervisor wants stock to leave the storeroom only when it is tied to a reservation with a firm required timeframe.
Which reservation capability meets this goal?
a) Clear material reservations when work orders reach Complete
b) Disallow negative available balances to use Backorder reservations
c) Set the reorder process to include only hard reservations
d) Issue only items associated with a hard reservation
07. On the Storerooms page of the Manage Inventory Work Center, a clerk at a bottling plant needs to move 12 cartons of label stock from bin A-01 to bin C-07 in the same storeroom, nearer the packing line.
Which row action should the clerk use?
a) Issue, charging the cartons to a general ledger account
b) Edit, to change the item's default bin to C-07
c) Transfer, naming bin C-07 in the same storeroom
d) Record a physical count of 0 in A-01 and 12 in C-07
08. While adding a purchase order line at a fleet depot, a buyer finds that the unit ROLL does not exist. The buyer adds ROLL with the Add/Modify Units of Measure action from the Purchase Orders application.
Which items can use ROLL afterward?
a) Only the item on that purchase order line
b) Every item, from any application
c) Only items the buyer's purchase orders reference
d) Only items with an item-specific ROLL conversion
09. Every month, the facilities office of a regional hospital orders the same set of cleaning supplies from the internal storeroom through a desktop requisition. The requester is tired of entering the same lines each time.
What should the requester use in the Create Requisition application?
a) A requisition template saved for the repeating monthly order
b) A default vendor on each supply's Item Master record
c) A soft reservation for each cleaning supply
d) A reorder point on each supply's inventory record
10. The organization has Update Cost/Currency Variances on Inventory Costs selected. A storeroom received 6 hoses at $50.00 each, its only stock of that item, and 4 were issued to work orders before the invoice arrived. The invoice is approved at $51.00 each for all 6.
What is the result?
a) The average cost becomes $51.00, and $4.00 is charged back to the work orders
b) The average cost becomes $51.00, and $4.00 is written as an invoice variance
c) The average cost stays $50.00, and the full $6.00 is written as an invoice variance
d) The average cost becomes $53.00, as the 2 units in stock absorb the full $6.00