C2010-555 Free Practice Test

A vendor requires a payment of 20% of the purchase price when the purchase order (PO) is sent and the company wants to withhold of the payment until 90 days after receiving the item before final payment is made.
How would this be accomplished?

1. A. A Purchase Requisition would be created and three invoices would be generated via the invoicing applicatio
2. B. One invoice for 20%, one for 60% and one for 20%.
3. C. A Price Contract would be created with a payment schedule with an invoice of 20% at the time the PO is Approved, an invoice of 60% at the time the item is received and another invoice for 20

Correct Answer: D

A company has critical and time sensitive processes and tasks foe repairing assets. The company maintenance supervisor would like to be notified if any of the time sensitive tasks are overdue.
What application would the company use to configure this?

1. A. Workflow
2. B. Escalation
3. C. Cron Task
4. D. Interaction

Correct Answer: C

A custom field has been added to the Work Order Tracking application to identify the inspector for environmental impacts of each work order.
What type of role is used to assign the work order to the environmental inspector?

1. A. Person
2. B. Person Group
3. C. A set of data related to the record
4. D. A set of data related to the login user

Correct Answer: A

Which of the following settings values will determine the number of items to be ordered during the reorder process?

1. A. Safety Stock
2. B. Reorder Point
3. C. Conversion Factor
4. D. Economic Order Quantity

Correct Answer: B

A user has created a request for quotation and sent it to vendors. After receiving the responses from the vendors, the user will need to create a purchase order.
What action must be performed before a purchase order can be created?

1. A. Purchase requisitions must first be created.
2. B. Status of the request for quotation must be APPR.
3. C. Request for quotation lines must be awarded to a vendor.
4. D. Vendor quotation receipt transactions must be completed.

Correct Answer: B