Knowledge quiz
It’s time to put what you’ve learned to the test, get 8 questions right to pass this unit.
Q1.
Which of the following statements are true about a Scheduling Agreement?
There are two correct answers.
A
It is a form of an Outline Purchase Agreement.
B
It always contains only one line item.
C
It is a legal agreement between two parties to provide professional service for a set fee.
D
Each line item in a Scheduling Agreement can have one or more schedule lines.
Q2.
Which of the following does the Buyer need to include when creating a Scheduling Agreement without Releases?
Choose the correct answer.
A
Planning horizon/Validity
B
All of the options above
C
Firm zone
D
Trade-off zone
Q3.
Which are the two types of Scheduling Agreements?
There are two correct answers.
A
Scheduling Agreement with releases
B
Scheduling Agreement without releases
C
Scheduling Agreement without Firm Zones
D
Scheduling Agreement without Planning Horizon
Q4.
Which of the following documents is created one time for the Scheduling Agreement without releases?
Choose the correct answer.
A
Order Confirmation
B
Advance Ship Notice
C
Scheduling Agreement
D
Goods Receipt
Q5.
Which of the following documents are initiated by the Buyer?
There are three correct answers.
A
Scheduling Agreement
B
Invoice
C
Scheduling Agreement with Release
D
Goods Receipt
Q6.
Which type of Scheduling Agreement delivers the entire agreement to the Supplier when the agreement is created?
Choose the correct answer.
A
With releases – LPA
B
Without releases – LP
C
Without releases – LP
D
Without releases – LPA
Q7.
Which of the following documents are created for each Schedule Line of the Scheduling Agreement?
There are three correct answers.
A
Goods Receipt
B
Advance Ship Notice
C
Order Confirmation
D
Scheduling Agreement
Q8.
Which of the following documents are initiated by the Supplier?
There are three correct answers.
A
Advance Ship Notice
B
Invoice
C
Scheduling Agreement Release
D
Order Confirmation
Q9.
What is a Scheduling Agreement?
Choose the correct answer.
A
A Scheduling Agreement is created in response to an Advance Ship Notice.
B
A Scheduling Agreement is a form of an Outline Purchase Agreement with predefined quantities on any date.
C
A Scheduling Agreement is a form of an Outline Purchase Agreement, similar to a Purchase Order, but it includes schedule lines that specify quantities and dates for which the goods are to be delivered.
D
A Scheduling Agreement is an agreement between three or more parties.
Log in to track your progress & complete quizzes