The Procurement ProcessMultiple Choice QuestionsMaterials that are acquired to be used within the organization are referred to asWhich of the following document types is not utilized during the Purchasing process?Chapter 4The Procurement ProcessMultiple Choice Questions 1. Which one of the following is not a type of organizational data that is utilized in the procurement process?a. Clientb. Company Codec. Storage Locationd. Purchasing Organizatione. Manufacturing PlantAnswer: e Difficulty: Easy Page Reference: 2Section: Organizational Data Practice:2. What is a storage location? a. The place where raw materials are receivedb. The place within a plant where materials are kept until they are neededc. The place where materials are collected for staging and inspectiond. The place within a plant where machines are installed for production purposese. The place within a plant where finished goods are kept for saleAnswer: b Difficulty: Medium Page Reference: 2Section: Storage Location Practice: 3. Which organizational element(s) control(s) the entry of accounting data in the vendor master?a. Purchasing organizationb. Clientc. Company Coded. Client and Company Codee. Client and Purchasing OrganizationAnswer: d Difficulty: Easy Page Reference: 3Section: Organizational Data Practice: Yes4. A purchasing organization is involved in all of the following operations excepta. Negotiating contracts and agreementsb. Negotiating pricing with vendorsc. Evaluating and identifying vendorsd. Determining storage locations within the plantAnswer: d Difficulty: Medium Page Reference: 4Section: Purchasing Organization Practice:5. Which one of the following is not a model of the purchasing organization?a. Enterprise levelb. Company levelc. Client leveld. Plant levele. Cross-plantAnswer: c Difficulty: Medium Page Reference: 4-6Section: Purchasing Organization Practice:6. Within the plant-level purchasing organization, also known as a plant-specific purchasing Organization, a. Each plant has its own purchasing organizationb. One purchasing organization is responsible for multiple plantsc. Only one purchasing organization for all plantsd. One purchasing organization is responsible for all company codes in the enterprisee. Two or more purchasing organizations are responsible for each plantAnswer: a Difficulty: Difficult Page Reference: 5Section: Plant-Level Purchasing Organization Practice:7. A purchasing group is an individual or a group of individuals who are responsible for all of the following excepta. Creating purchase requisitionsb. Negotiating contracts and agreementsc. Requesting quotations from vendorsd. Creating and monitoring purchase orderse. Planning for material requirementsAnswer: b Difficulty: Medium Page Reference: 6Section: Purchasing Group Practice:8. Which one of the following is not one of the data types that are relevant to the purchasing process? a. Material masterb. Vendor masterc. Sales masterd. Purchasing info recordse. ConditionsAnswer: c Difficulty: Medium Page Reference: 7Section: Master Data Practice:9. The key data in the purchasing view of the material master are a. The purchasing organization, the goods receipt processing time, and the delivery tolerancesb. The purchasing group, the goods receipt processing time, and the delivery tolerancesc. The purchasing group, the invoice, and the delivery tolerancesd. The purchasing group, the material master, and the delivery tolerancese. The price, the storage location, and the delivery dateAnswer: b Difficulty: Easy Page Reference: 9Section: Material Master Practice:10. Data in the vendor master are grouped into which three segments? a. General data, storage data, and purchasing datab. General data, storage data, and inventory datac. Storage data, accounting data, and purchasing datad. Storage data, accounting data, and pricing datae. General data, accounting data, and purchasing dataAnswer: e Difficulty: Medium Page Reference: 9Section: Vendor Master Practice:11. General data in a vendor master contain all of the following except:a. Nameb. Addressc. Communicationd. Payment terms and methodse. Search termAnswer: d Difficulty: Easy Page Reference: 10Section: Vendor Master Practice: Yes12. Which of the following is an intersection or combination of material data and vendor data?a. Condition typeb. Purchasing info recordc. Stock transferd. Third-party ordere. Search termAnswer: b Difficulty: Medium Page Reference: 12Section: Purchasing Info Records Practice:13. Which item category would you use to have your vendor ship goods directly to your customer?a. Consignmentb. Third-partyc. Stock transferd. Standarde. Transfer postingAnswer: b Difficulty: Medium Page Reference: 13Section: Item Categories Practice: Yes14. Materials that are acquired to be used within the organization are referred to asa. Stock materialsb. Transfer materialsc. Vendor materialsd. Consumable materialse. None of the aboveAnswer: d Difficulty: Medium Page Reference: 14Section: Account Determination Practice: 15. Which of the following account assignment categories is used when the company acquires a fixed asset?a. Cost centerb. Assetc. Orderd. Sales ordere. ProjectAnswer: b Difficulty: Easy Page Reference: 15Section: Account Determination Practice:16. Which of the following document types is not utilized during the Purchasing process?a. Material documentsb. Fl documentsc. CO documentsd. Picking documente. InvoiceAnswer: d Difficulty: Easy Page Reference: 17Section: Good Movement Practice:17. A FI document includes a header and an items section. Which of the following data are included in the items section?a. Document numberb. Accountc. Storage locationd. Document datee. Document currencyAnswer: b Difficulty: Medium Page Reference: 33Section: Goods Receipt Practice: Yes18. Which of the following statements about a plant is not true?a. A plant can be assigned to more than one company codeb. A company code can have more than one plantc. A plant is a key organizational element in purchasingd. A plant can be assigned to only one company codee. A plant must have at least one storage areaAnswer: a Difficulty: Difficult Page Reference: 18Section: Goods Movement Practice:19. Which