9/14 Ep Exp Day 2

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Quizzes Created: 67 | Total Attempts: 11,021
Questions: 10 | Attempts: 169

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Management Quizzes & Trivia

Questions and Answers
  • 1. 

    Expense types may be shared between policies.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    Expense types may be shared between policies means that the same types of expenses can be included in multiple policies. This allows for consistency and efficiency in managing expenses across different policies. By sharing expense types, organizations can easily track and categorize expenses, making it easier to analyze spending patterns and make informed financial decisions. This also eliminates the need to create separate expense types for each policy, saving time and effort. Therefore, the statement is true.

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  • 2. 

    Company Structure or hierarchy is generally associated with the ________ Fields

    • A.

      Custom

    • B.

      Org Unit

    • C.

      Ledger

    • D.

      Amount

    Correct Answer
    B. Org Unit
    Explanation
    Company structure or hierarchy is generally associated with the Org Unit fields. This is because the Org Unit field represents the different organizational units or divisions within a company. It helps in organizing and categorizing various departments, teams, or business units within the company. The Org Unit field is commonly used in systems and software to assign roles, responsibilities, and access rights based on the company's hierarchical structure.

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  • 3. 

    What are the two different types of list we can have in Expense?

    Correct Answer
    Simple list
    Simple
    Connected list
    Connected
    Explanation
    The two different types of lists that can be used in Expense are Simple list and Connected list. A Simple list is a basic type of list that contains simple items or elements. On the other hand, a Connected list is a type of list where each item is connected or linked to the next item in the list.

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  • 4. 

    If an end user contacts the User Support Desk and wants something added to a list, what should the representative do?

    • A.

      Add it yourself

    • B.

      Tell the end user to add the list themselves

    • C.

      Advise them the lists can't be updated

    • D.

      Advise them to talk to their internal Program Administrator to add it

    Correct Answer
    D. Advise them to talk to their internal Program Administrator to add it
    Explanation
    The representative should advise the end user to talk to their internal Program Administrator to add the item to the list. The Program Administrator is responsible for managing and updating the lists, so they would have the authority and knowledge to make the necessary additions. The representative may not have the capability to directly add items to the list themselves, and suggesting the end user to add it themselves or advising that the lists can't be updated would not be helpful or accurate.

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  • 5. 

    Identify the incorrect field data type.

    • A.

      Text

    • B.

      List

    • C.

      Alphabet

    • D.

      Boolean

    Correct Answer
    C. Alphabet
    Explanation
    The incorrect field data type in this list is "Alphabet." There is no specific data type called "Alphabet" in most programming or database systems. The correct data types commonly used are "Text" for storing alphanumeric characters, "List" for storing a collection of values, and "Boolean" for representing true or false values.

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  • 6. 

    If a line item has allocations and itemizations which action would take place first?

    • A.

      Itemization

    • B.

      Allocation

    • C.

      It doesn't matter

    Correct Answer
    A. Itemization
    Explanation
    In this scenario, the itemization would take place first before the allocation. Itemization refers to the process of breaking down a larger expense or amount into smaller, more specific categories or items. On the other hand, allocation refers to the distribution or assignment of costs or resources to different categories or items. Therefore, it is logical for the itemization to occur before the allocation since the expenses or amounts need to be categorized or itemized first before they can be allocated to specific categories or items.

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  • 7. 

    What expense type typically forces itemization?

    • A.

      Cell phone

    • B.

      Airfare

    • C.

      Rental Car

    • D.

      Hotel

    Correct Answer
    D. Hotel
    Explanation
    Hotels typically force itemization because they often charge for various services and amenities separately, such as room service, parking, and Wi-Fi. Additionally, hotels may require guests to provide detailed information about their stay, including the number of nights, room type, and any additional requests or preferences. This level of detail is necessary for accurate billing and record-keeping purposes.

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  • 8. 

    Policies control the report settings, and Groups control the Employee settings.

    • A.

      True

    • B.

      False

    Correct Answer
    A. True
    Explanation
    This statement is true because policies are used to set and control the report settings, such as access permissions, data retention, and sharing options. On the other hand, groups are used to manage and control the settings and permissions specific to employees, such as their access to certain features or data within the organization. Therefore, policies control the report settings, while groups control the employee settings.

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  • 9. 

    Identify one of the configuration components that is associated to Policy.

    Correct Answer
    Workflow, Allocations, Report Header, Expense Types, Print Formats
    Explanation
    The components listed in the answer (Workflow, Allocations, Report Header, Expense Types, Print Formats) are all associated with policy management. Workflow refers to the defined steps and approvals for policy creation and updates. Allocations determine how expenses are distributed and categorized. Report Header includes the details and formatting for policy-related reports. Expense Types categorize different types of expenses within the policy. Print Formats determine the layout and formatting of printed policy documents.

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  • Current Version
  • Mar 20, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Aug 19, 2014
    Quiz Created by
    CSReadiness
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