Question 1

Which item types can Serialized Assembly have as a component? (Choose tree.)

Options :

A : Non-Inventory Item

B : Serialized Item

C : Kit/Package

D : Lot Numbered Item

E : Regular Assembly Item

Answer: B,D,E

Question 2

Identify the steps for valuing an inventory item using the Standard Cost Costing method?1. Rollup Standard Costs.2. Enter Standard Cost at sublist level.3. Revalue inventory and update Standard Costs.

Options :

A : 2, 3, 1

B : 3, 1, 2

C : 1, 3, 2

D : 2, 1, 3

Answer: D

Question 3

One item on a Return Authorization is damaged and will not be added back into Inventory.Which Accounting PReference: needs to be enabled to process the Return Authorization?

Options :

A : Write-Off Account for Returns

B : Enforce Minimum Quantity on Return Authorizations

C : Credit in Advance of Vendor Return

D : Allow Overage on Item Receipts

Answer: A

Question 4

A company is using the Multiple Currencies feature. Which account type allows Revalue Open Balance for Foreign Currency Transactions?

Options :

A : Cost of Goods Sold

B : Income

C : Expense

D : Other Current Asset

Answer: D

Question 5

An inventory manager is trying to upload assembly items for the first time using the Multiple Files to Upload preference; however, they keep getting the error “Please Select member items before submitting.”How might the inventory manager troubleshoot the error?

Options :

A : Ensure that the item form is not set to Inactive when performing the import.

B : Ensure that member items values are greater than 1 in the Quantity field.

C : Review the mapping so that linked columns match correctly in the import.

D : Review Data Handling options and ensure that it is set to Update.

Answer: C