Fundamentals Of Business: Purchase Order Quiz

The correct answer is "From PO Revision." This is because the PO revision keeps a record of all the changes made to the purchase order after it has been approved. By checking the PO revision, one can easily determine how many times the PO has been changed.

As per seeded functionality you must be a buyer to enter a PO.

In the context of the purchasing function, the term "quality" refers to the suitability of a product or service for its intended use. This means that the purchased item should meet the specific requirements and needs of the organization or individual who will be using it. It is important to consider factors such as reliability, durability, performance, and functionality when determining the quality of a product. The focus is on ensuring that the purchased item will effectively serve its purpose and meet the desired outcomes.

In most cases, you cannot change the supplier after a standard PO is approved. Once the purchase order is finalized and approved, it is typically binding and cannot be altered without going through a formal process. Changing the supplier would require canceling the existing PO and creating a new one with the new supplier, which can be time-consuming and may involve additional costs. Therefore, it is essential to carefully select the supplier before approving the standard PO to avoid any complications or disruptions in the procurement process.

The correct answer is Position Hierarchy and Employee Supervisor Hierarchy. In core Purchasing, the name approval hierarchies are determined based on the positions within the organization and the hierarchy of employee supervisors. This means that the approval of names for purchasing activities is determined by the positions held by individuals and their relationship with their supervisors. The position hierarchy defines the authority and responsibility of each position, while the employee supervisor hierarchy determines the reporting structure within the organization. Both hierarchies play a crucial role in determining the approval process for name requests in core Purchasing.

The correct answer is "Approved Supplier list, Sourcing Rules." These two elements, the Approved Supplier list and Sourcing Rules, are not mandatory in order to raise the PO. While having an Approved Supplier list and Sourcing Rules can provide additional guidance and control in the procurement process, they are not essential requirements for raising a purchase order. The other options listed, such as Set as a buyer, Suppliers, Supplier sites, Currency, items, and document types, are all necessary components for raising a purchase order.

The attributes "Purchased and Purchasable" are mandatory to enter an item on a Purchase Order. This means that the item must be marked as both "purchased" and "purchasable" in order to be included in a purchase order. The other options, such as "Default Buyer," "Use approved Supplier list," and "List Price and Price Tolerance," may be important factors in the purchasing process, but they are not specifically required attributes for entering an item on a Purchase Order.