INMT 341 Exam 2 ACTUAL QUESTIONS
AND CORRECT ANSWERS
2 questions for "Negotiate Sales Order" - CORRECT ANSWERS Can
you pay for it? Do I have it?
"Deliver Goods/Services" triggers what two information processes? -
CORRECT ANSWERS Sale and Invoice
general authorization - CORRECT ANSWERS allows you to buy
anything within your credit limit
Sales Order - CORRECT ANSWERS Customer order that has been
credit and inventory checked
When do you close a sales order? - CORRECT ANSWERS When you
ship the goods and record the bill
What does a sales order become once it is closed? - CORRECT ANSWERS
Open Invoice
When do you close an open invoice? - CORRECT ANSWERS When it
is paid for
Packing list - CORRECT ANSWERS Tells whats in the box
Picking list - CORRECT ANSWERS Tells what SHOULD BE in the
box
, Stockout - CORRECT ANSWERS Inventory system says we have the
item but we don't
Backorder - CORRECT ANSWERS Don't have the stock and our
inventory system tells us that
Picking slip ideally will match a ____ - CORRECT ANSWERS
customer order
Shipper/Carrier File - CORRECT ANSWERS File about all people that
ship goods for me
Bill of Lading - CORRECT ANSWERS Legal document between the
seller and the shipper
Shipping notice - CORRECT ANSWERS message that says items are
shipped
You will amend a ____ if there is a stockout. - CORRECT ANSWERS
picking ticket
Why do we generate a bill? - CORRECT ANSWERS Because we
shipped the goods
Generate bill happens in the ____ department. - CORRECT ANSWERS
accounting
What accounts hit the general ledger? - CORRECT ANSWERS Sales
and Accounts Receivable
AND CORRECT ANSWERS
2 questions for "Negotiate Sales Order" - CORRECT ANSWERS Can
you pay for it? Do I have it?
"Deliver Goods/Services" triggers what two information processes? -
CORRECT ANSWERS Sale and Invoice
general authorization - CORRECT ANSWERS allows you to buy
anything within your credit limit
Sales Order - CORRECT ANSWERS Customer order that has been
credit and inventory checked
When do you close a sales order? - CORRECT ANSWERS When you
ship the goods and record the bill
What does a sales order become once it is closed? - CORRECT ANSWERS
Open Invoice
When do you close an open invoice? - CORRECT ANSWERS When it
is paid for
Packing list - CORRECT ANSWERS Tells whats in the box
Picking list - CORRECT ANSWERS Tells what SHOULD BE in the
box
, Stockout - CORRECT ANSWERS Inventory system says we have the
item but we don't
Backorder - CORRECT ANSWERS Don't have the stock and our
inventory system tells us that
Picking slip ideally will match a ____ - CORRECT ANSWERS
customer order
Shipper/Carrier File - CORRECT ANSWERS File about all people that
ship goods for me
Bill of Lading - CORRECT ANSWERS Legal document between the
seller and the shipper
Shipping notice - CORRECT ANSWERS message that says items are
shipped
You will amend a ____ if there is a stockout. - CORRECT ANSWERS
picking ticket
Why do we generate a bill? - CORRECT ANSWERS Because we
shipped the goods
Generate bill happens in the ____ department. - CORRECT ANSWERS
accounting
What accounts hit the general ledger? - CORRECT ANSWERS Sales
and Accounts Receivable
