1z0-343

1z0-343 practice questions, page 3 of 3, with answer review and explanations.

Question 11

What is the effect on the Item Ledger when Sales Update is run, if that inventory is relieved during Ship Confirm and the G/L date is added to the record?

  1. The document created in the Item Ledger during Ship Confirm has no document type assigned. When Sales Update is run, this document is overridden by the invoice number and invoice document type.
  2. An inventory document is recorded in the Item Ledger during Ship Confirm. When Sales Update is run, an invoice document is added to the Item Ledger.
  3. An inventory document is recorded in the Item Ledger during Ship Confirm. When Sales Update is run, an invoice document is added to the Item Ledger, and the item’s cost in the inventory document is updated to the latest cost.
  4. The invoice number and invoice document type override the document type created in the Item Ledger during Ship Confirm. Then the item’s cost is updated to the latest cost.
  5. The invoice number and invoice document type that are associated with the sales order override the document type and the document number that were created in the Item Ledger during Ship Confirm.

Question 12

Your client is entering sales orders using base pricing. What logic does the system use to retrieve the price based on the effective dates?

  1. Past Due Date
  2. Delivery Date
  3. Earliest Expiration Date
  4. Closest Start Date
  5. Order Date

Question 13

A warehouse user is trying to enter an inventory adjustment for an item, but is receiving an Invalid Location error. Why is this happening?

  1. The warehouse is set up with location control and the item has not been set up with a primary location.
  2. The inventory adjustment application P4114 is not set up with a default location.
  3. The warehouse is set up with location control and the location is not set up in the Location Master.
  4. The branch plant does not have a primary location set up for the item.

Question 14

Your client’s pricing strategy includes contract prices, trade discounts, base prices, and standard price adjustments. Which statement describes the hierarchy that defines how the system determines a price on a sales order?

  1. Base price with standard price adjustment, base price with trade discount, contract price, and base price
  2. Base price with trade discount, base price with standard price adjustment, base price, and contract price
  3. Base price with trade discount, base price with standard price adjustment, contract price, and base price
  4. Base price with trade discount, contract price, base price with standard price adjustment, and base price
  5. Contract price, base price with standard price adjustment, base price with standard price adjustment, and base price

Question 15

A customer’s credit limit has been established at $10,000 and current outstanding A/R is $7,000. The customer has active, unshipped sales orders with request dates that are two months in the future and total $3,000. The customer calls today with a $500 order to be shipped immediately. What happens to the order?

  1. The order goes on hold, because credit checking is performed for the total exposure, which includes open orders regardless of their request dates.
  2. The order does not go on hold, because credit checking only compares the dollar value for open orders against the credit limit.
  3. The order does not go on hold. The system automatically determines that the request date of the new order comes before the request dates of the existing open orders. The system will allow the $500 order to be processed, and put a credit hold on the order with the request date furthest in the future.
  4. The order goes on hold, because the total A/R amount is greater than 5% of the total of A/R and open orders.
  5. The order does not go on hold, because the actual outstanding A/R has not exceeded the credit limit, and the $500 order would still cause the total exposure to be less than $10,000.