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1. Louis from Tropical Hammocks Inc. has just received some defective hammocks back from customers. He needs to send these hammocks back through production to have several ropes and knots replaced and repaired. Which type of production order will best suit his needs?
A) Special Production Order
B) No production order is needed, instead use a service call.
C) Disassembly Production Order
D) Standard Production Order
2. Top Toys defined their sub-periods as months. How often should they run the period-end closing utility?
A) They are required to run the period-end closing utility both at the end of each month and at the end of the fiscal year.
B) Depending on their financial processes, they can run the period-end closing utility at the end of each month and also at the end of each quarter.
C) Because they defined their sub-periods as months, the system requires them to run the period-end closing utility at the end of each month.
D) Depending on their financial processes, they should run the period-end closing utility at the end of the fiscal year and also can run it at the end of each month.
3. Which of these is the most serious risk factor for implementation project failure?
A) The customer has not yet ordered the server hardware.
B) Only a small number of employees will use the system.
C) You have a time and materials contract with the customer.
D) The client lead has no time to meet with the consultant.
4. You have created an item that is managed by serial numbers with a management method of release only. Which of the following documents will require that serial numbers are specified?
A) Goods Receipt PO
B) Sales Order
C) Delivery
D) A/P Invoice
5. What postings are made when a delivery document is created for an item controlled by the moving average method?
A) A credit to revenue and a debit to cost of goods sold
B) A debit to the inventory account and a credit to cost of goods sold
C) A credit to the inventory account and a debit to the customer account
D) A credit to the inventory account and a debit to cost of goods sold
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: D |
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