Knowledge quiz

It’s time to put what you’ve learned to the test, get 4 questions right to pass this unit.

Choose the correct answer.

Each individual contract can have multiple suppliers.

The terms of a child contract apply to its parent contract.

A contract hierarchy cannot share accumulated amounts and discounts.

When creating a contract, you cannot specify whether it belongs to a hierarchy.

Choose the correct answer.

Item level can have child only at the item level.

Item level can have child only at the contract level.

Item level cannot have any child.

Item level can have child at any level.

Choose the correct answer.

To establish a long-term relationship

To outline the terms and conditions for purchasing goods and services

To ensure legal compliance

To negotiate pricing and payment terms

Choose the correct answer.

Contract Compliance

Transaction Monitoring

Supplier Relationship Management

Category Management

There are three correct answers.

Import from a Microsoft Excel template

Create from a Contract Workspace (as the Contract Terms document)

Create manually using a step-by-step wizard

None of the above