Knowledge quiz
It’s time to put what you’ve learned to the test, get 4 questions right to pass this unit.
Q1.
A Purchase Order containing at least one consignment item is designated as a ____________.
Choose the correct answer.
A
Settlement Invoice
B
Consignment Purchase Order
C
Consignment Invoice
D
Returns Purchase Order
Q2.
What is Consignment Collaboration?
There are two correct answers.
A
Consignment is a business model in which the physical location and the ownership location of the goods are different
B
Consignment is a business model where materials are procured on predetermined dates within a certain time period
C
Consignment is a business model in which the physical location and the ownership location of the goods are the same
D
Consignment is a business model in which the Buyer wants the flexibility of having the inventory on, or close to, its premises but wants to defer ownership until consumption
Q3.
Which of the following documents is created by the Buyer when they transfer goods from consignment stock to their own stock?
Choose the correct answer.
A
Settlement Invoice
B
Transfer Posting
C
Consignment Purchase Order
D
Returns Purchase Order
Q4.
Which of the following statements are true about Consignment Collaboration?
There are two correct answers.
A
It does not let Buyers generate consignment Invoices.
B
It does not require the initial ordering of goods and related consumption notices from the Buyer.
C
It provides Buyers and Suppliers with end-to-end visibility of movements related to consignment inventory.
D
It is a business model in which the physical location and the ownership location of the goods are different.
Q5.
Which of the following documents is created by the Buyer for payment of goods that have moved to their own stock?
Choose the correct answer.
A
Settlement Invoice
B
Transfer Posting
C
Consignment Purchase Order
D
Returns Purchase Order
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