| Question ID 3405 | Your client's department administrative assistant (only) is allowed to self-approve the office supplies requisitions up to $5,000.00. For all other types of requisitions, there is no approval authority.
The company's location is Ann Arbor.
The purchasing category for office supplies is Office.Supplies.
The chart of accounts follows this format: Company.Business Group.Cost Center.Account.Future.
Your client's company account code is "01," business group is "100," cost center (or department) is "560," the account for office supplies is "67549," and the future segment is always "000000." Which approval group setup would enable this restrictive purchasing practice?
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| Option A | A. Document Total: Amount Limit = $5,000.00
Location: Amount Limit = $5,000 and Location = Ann Arbor Category Range: Amount Limit = $10,000
Category Range: From x.Supplies To: Office.Supplies
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| Option B | B. Document Total: Amount Limit = $0.00
Account Range: Amount Limit = $5,000.
Account Range: From: 01.100.560. 67549.000000 To 01.100.560. 67549.000000
Category Range: Amount Limit = $5,000
Category Range: From Office.Supplies To: Office.Supplies
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| Option C | C. Document Total: Amount Limit = $0.00
Account Range: Amount Limit = $5,000
Account Range: From: 01.100.560. 67549.000000 To: 01.100.560. 67549.000000
Category Range: Amount Limit = $5,000
Category Range: From: Office.Supplies To: Office.Supplies
Requisition Document Type setup = 'Owner can Approve'
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| Option D | D. Document Total: Amount Limit = $0.00
Account Range: Amount Limit = $5,000
Account Range: From: 01.100.560. 00000.000000 To: 01.100.560. 99999.000000 Location: Amount Limit = $5,000 and Location = Ann Arbor
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| Option E | E. Set the Document Total object to include an amount limit of $5,000.00
Set the Account Range object to include an amount limit of $5,000 and account range from
01.100.560.00000.000000 to 01.100.560.99999.000000.
Set the Account Range object to include an amount limit of $5,000 and account range from
01.100.560.00000.000000 to 01.100.560.99999.000000.
Set the Requisition Document Type setup to 'Owner can Approve'.
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| Correct Answer | C |
| Question ID 3406 | Which three statements are true about ABC Analysis and cycle count Classes? (Choose three.)
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| Option A | A. The hit/miss% for the Class overrides the hit/miss% of the cycle count header.
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| Option B | B. The hit/miss% for the cycle count header overrides the hit/miss% of the Class.
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| Option C | C. An ABC Analysis can be compiled for a subinventory that is defined as a non-quantity-tracked subinventory.
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| Option D | D. An ABC Analysis can be compiled for nonasset (expense) subinventories for which quantities are tracked.
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| Option E | E. In ABC Analysis, a quantity variance must always be submitted for approval, regardless of the tolerance levels.
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| Option F | F. Positive and negative tolerances can be entered for each class, which will override the tolerance at the cycle count header level.
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| Correct Answer | A,D,F |