Exp Nov Mnl 2014 Day 2

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| By CSReadiness
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CSReadiness
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Quizzes Created: 96 | Total Attempts: 15,155
Questions: 12 | Attempts: 104

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Management Quizzes & Trivia

Questions and Answers
  • 1. 

    When using more than one option in a conditional statement, the options should be ‘grouped’ together using ________ ?

    Explanation
    When using more than one option in a conditional statement, the options should be 'grouped' together using parentheses, brackets, or parenthesis. These punctuation marks are used to enclose multiple options in order to clearly indicate that they are part of the same conditional statement. This helps to avoid any confusion or ambiguity in the interpretation of the statement.

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  • 2. 

    When creating an audit rule for dinner limit, the client wants to flag the expense if the user spends over $25.00 USD. which of the following operators would they use?

    • A.

      Equals

    • B.

      Greater than

    • C.

      Less than

    • D.

      Less than or Equal to

    Correct Answer
    B. Greater than
    Explanation
    The client wants to flag the expense if the user spends over $25.00 USD. In this case, they would use the "Greater than" operator. This operator compares two values and returns true if the first value is greater than the second value. In this scenario, the first value would be the amount spent by the user and the second value would be $25.00 USD. If the amount spent is greater than $25.00 USD, the expense would be flagged.

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  • 3. 

    Name three of the 5 system requirement in order to properly calculate the VAT and reclaim?

    Correct Answer
    Expense Type
    Date
    Location
    Expense Amount
    Receipt Status
    Explanation
    The correct answer is Expense Type, Date, Location, Expense Amount, and Receipt Status. These are the five system requirements needed to properly calculate the VAT and reclaim. The expense type is necessary to determine the category of the expense, while the date is needed to track when the expense was incurred. The location is important for determining the applicable VAT rate. The expense amount is required to calculate the VAT amount, and the receipt status is necessary to ensure that the expense has been properly documented and can be reclaimed.

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  • 4. 

    What is the path in the system if you need to assist an Admin regarding their Tax configuration?

    Correct Answer
    Administration > Expense Admin > Tax Administrator
    Explanation
    To assist an Admin regarding their Tax configuration, you would need to navigate through the system by following the path: Administration > Expense Admin > Tax Administrator. This path will lead you to the specific section or module where you can find and make changes to the Tax configuration for the Admin.

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  • 5. 

    Name two of the three typical Tax Rate Types.

    Correct Answer
    Exempt
    Reduced
    Standard
    Explanation
    The given answer is correct because it includes all three typical tax rate types. Exempt refers to a tax rate where no tax is imposed on a certain category of goods or services. Reduced indicates a lower tax rate applied to specific goods or services. Standard refers to the regular or normal tax rate that is applicable to most goods or services. Therefore, Exempt, Reduced, and Standard are all valid examples of tax rate types.

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  • 6. 

    If Custom Audit Rules are if/then statements, what is the 'If' portion and the 'then' portion?

    Correct Answer
    If = Conditions , then = Exception
    Explanation
    The 'If' portion of Custom Audit Rules refers to the conditions that need to be met in order for the rule to be applied. These conditions can include specific criteria or requirements that must be satisfied. On the other hand, the 'then' portion of Custom Audit Rules indicates the exception or action that should be taken if the conditions specified in the 'If' portion are met. This could involve generating a report, sending a notification, or implementing any other desired action based on the conditions specified.

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  • 7. 

    Where do you assign the Itinerary that the user already created but still gets an error that 'No Itinerary' is attached?

    Correct Answer
    Details > Available Itineraries
    Explanation
    To resolve the error of "No Itinerary" being attached despite the user already creating one, the user should assign the Itinerary in the "Details" section and specifically under "Available Itineraries". This section allows the user to select and assign the desired Itinerary to the appropriate task or activity, ensuring that it is properly linked and accessible.

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  • 8. 

    Where can you find the rates used for Travel Allowance, for ex. Meals & Lodging?

    Correct Answer
    Admin > Expense Admin > Travel Allowance
    Explanation
    The rates used for Travel Allowance, such as Meals & Lodging, can be found in the Admin section of the Expense Admin. Specifically, they can be accessed by navigating to Admin > Expense Admin > Travel Allowance.

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  • 9. 

    Name one way to determine if the company is using a Single Sign On (SSO) solution.

    Correct Answer
    Security Keys
    Explanation
    One way to determine if a company is using a Single Sign On (SSO) solution is by checking if they have implemented security keys. Security keys are a form of authentication that provides an additional layer of security by requiring users to possess a physical key or device in order to access their accounts. If a company has implemented security keys, it indicates that they have adopted an SSO solution to streamline the authentication process and enhance security.

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  • 10. 

    Which statement makes an Audit rule inclusive?

    Correct Answer
    And
    Explanation
    An audit rule is considered inclusive when it includes all the necessary criteria or conditions for an event or action to occur. In this case, the use of the "And" statement in the audit rule implies that multiple conditions must be met simultaneously for the rule to be applied. This means that all the criteria connected by "And" need to be satisfied for the audit rule to be inclusive.

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  • 11. 

    Give a short description of the functionality of the Receipt Status field in the VAT form.

  • 12. 

    Where can you find documentation (the path) on the Global template and Country Guides for Tax Configuration or Travel Allowance?

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