Knowledge quiz

It’s time to put what you’ve learned to the test, get 5 questions right to pass this unit.

What should you do to activate the contract?

There are two correct answers.

Save the contract, check the data, and inform the contract manager.

Save the contract, check the data, and use the "Activate Contract" function in display mode.

Save the contract, check the data, and manually change the status of the contract.

Save the contract, check the data, and use the "Activate Contract" function.

Which functionality can be used to note important additional information about a contract?

There are two correct answers.

Information Sections

Posting Parameters

Reminder

Memo

What should you do to allow for posting documents to be created during the periodic postings process?

There are two correct answers.

Create the contract, assign partners, objects, and conditions with unit price.

Create the contract, assign partners, statistical conditions, and generate cash flow, because only cash flow items can be posted in periodic posting.

Copy the existing contract, modify the data as needed, save the contract, and activate it.

Create the contract, assign partners, objects, and conditions, and activate the contract because only activated contracts can take part in further processes like periodic posting.

You can use resubmissions to carry out contract checks. Choose, for which events, resubmissions can be created.

There are three correct answers.

Checks before notice

Checks before renewal

Missing obligatory parameters for the contract

Periodic checks

Check unit price

You want to save the contract, but the check produces a couple of messages. Which messages are allowed to save the contract?

There are two correct answers.

The protocol of the contract check should be empty (everything should be solved before saving the data).

If the contract is not activated yet, warnings regarding the partner assignment may appear in the check protocol, whereas such messages do not allow activation and saving of a contract.

It does not matter, the errors can be solved later on.

Only warnings and informational messages will appear in the check protocol.

Which statements regarding automatic contract checks are correct?

There are two correct answers.

The check is running automatically through contract saving.

It is possible to use the "Check contract" functionality.

You have to check the whole contract data manually.

The check is relevant only for activation of the contract.