Finance And Accounts Questions! Trivia Quiz

The buyer's interface refers to the platform or system through which a buyer conducts a transaction. This interface determines the market in which the transaction will be settled, as different platforms may have different rules and regulations regarding settlement. Therefore, the statement that the buyer's interface dictates which market a transaction will be settled in is true.

Leaving a payable invoice as "Open" and "Provisional" in CXL does not guarantee that TEA will make payment, even if the 3rd party's invoice is attached. The terms "Open" and "Provisional" indicate that the invoice is not yet finalized or approved for payment. Therefore, TEA may choose not to make payment until the invoice is fully processed and confirmed.

The statement "All of the above" accurately describes electricity. Electricity must be generated and used in real time, wholesale quantities move across the electric grid following the path of least resistance, and electricity is unable to be stored.

The correct answer is "Standard Journal." The journal type "SJ" refers to the Standard Journal. This journal is used to record standard transactions and is commonly used in accounting to keep track of regular business activities such as sales, purchases, and expenses. The Standard Journal helps in maintaining accurate financial records and provides a clear overview of the company's financial transactions.

The statement suggests that when a deal is made, the transmission should also be cut because the deal did not flow at the original amount. However, this is not necessarily true. Cutting the transmission may not be necessary or relevant in all cases when a deal is made. The transmission may continue to function as usual, regardless of any changes in the deal. Therefore, the correct answer is false.

Other transactions must flow within 2 hours of the deal itself in order to display as selectable discoveries.

The correct answer is the 4th business day. This means that the deadline to have Account Recs updated and finalized for a given month falls on the 4th business day of that month. It is important to complete this task by the 4th business day to ensure accurate and up-to-date account reconciliations.

A curtailment can also be referred to as a "TLR" or Transmission Loss Reduction. This refers to the process of reducing the amount of energy lost during the transmission of electricity from power plants to consumers.

The statement is false because transaction price refers to the amount that a buyer agrees to pay and a seller agrees to accept for a product or service in a transaction. It is not specific to TEA receiving or paying charges for energy at a specific Delivery Point.

The companies that would be part of an FCBBS transaction are TECO, PEF, GRU, and NSB. DUK and OPC would not be part of this transaction.