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Inventory Quiz

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9 views5 pages

Inventory Quiz

Uploaded by

Dhanaraaj Developers
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as RTF, PDF, TXT or read online on Scribd
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1.

Use the Organization Parameters window to specify whether lot numbers should be unique for an item:

a. True

b. False

Answer: a

2. When you assign lots, you can complete the following actions :

a. Pre-assign on lot master

b. Set grade control

c. Add quantities to existing lots

d. Assign during transactions

Answers: a, c, d

3. Even when you disable a lot, it still appears in the list of values when you are performing receipt transactions:

a. True

b. False

Answer: b

4. When setting up serial numbers for your organization, you can select from the following levels of uniqueness:

a. Across Organizations

b. Within Inventory Items

c. Across Trading Party

d. Within an Organization

Answers: a, b, d

5. Move orders are requests for the movement of material across multiple organizations:

a. True

b. False

Answer: b

6. You can use only the transaction types that are predefined in the system:
a. True

b. False

Answer: b

7. You can create picking rules based on the following restrictions:

a. Single lot

b. Customer specification matching

c. Double lot

d. Partial lot

Answers: a, b, d

8. During a transaction, you can use the account alias instead of an account number to refer to the account:

a. True

b. False

Answer: a

9. You use subinventory transfers to transfer material:

a. Within your current organization between subinventories.

b. Between asset and expense subinventories.

c. To miscellaneous transactions.

d. Between two locators within the same subinventory.

Answers: a, b, d

10. You usually transfer material to intransit inventory when transportation time is significant:

a. True

b. False

Answer: a

11. Transfers between organizations require an internal requisition instead of move orders:

a. True
b. False

Answer: a

12. When availability is calculated for inventory considerations (not planning functions), which of the following
criteria are evaluated:

a. On hand

b. Incoming supply

c. Reservations

d. Pending transactions

Answers: a, c, d

13. In Oracle Inventory, you can reserve from only on-hand inventory:

a. True

b. False

Answer: b

14. The Material Workbench enables you to view material from the following sources:

a. Receiving

b. Shipped material

c. On-hand quantities

d. Inbound material

Answers: a, c, d

15. You can reserve material only at the subinventory level:

a. True

b. False

Answer: b

16. Material status control enables you to control whether you can:

a. Pick or ship an internal order or sales order.

b. Compare prices for a lot item.


c. Specify whether material needs to be quarantined until you inspect it.

d. Issue material for a work order.

Answers: a, c, d

17. After a material status is assigned, it cannot be changed:

a. True

b. False

Answer: b

18. Before replenishing your inventory, you should consider the following factors:

a. Order time (When should I order)

b. Order size (How much should I order?)

c. Price discounts (How much will I save?)

d. Planning method (Which planning method should I use?)

Answers: a, b, d

19. Replenishment counting typically is used to perform counts for tracked subinventories for items of high value:

a. True

b. False

Answer: b

20. An ABC analysis determines the relative value of a group of inventory items based on the alphabetic order of the
item name:

a. True

b. False

Answer: b

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