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NEW QUESTION 27
During a Procurement Contract implementation, a customer would like to set up their own line type for buying services. They intend to use this line type for negotiating terms for future purchase of services and do not have a defined scope of work.
Identify the source that the customer needs to select while creating the line type to meet this requirement.
- A. Free form, buy
- B. Item, buy agreement
- C. Item, buy
- D. Free form, buy agreement
Answer: D
Explanation:
Item, buy --> Line representing the purchase of an item. Item, buy agreement -->Line representing the negotiated terms for future purchase of an item. Free-form, buy--> Line representing the purchase of services defined by a scope of work. Free-form, buy agreement -->Line representing the negotiated terms for future purchase of services.
NEW QUESTION 28
During an implementation of Cloud Sourcing, the users are performing user acceptance testing and entering 'contract terms' in the terms library from different remote locations. There are occasions when same mistakes are being repeated by the users and the project team needs to do a lot of coordination to eliminate the errors. Identify the system help that the users can utilize so that they enter only the correct contract terms in the 'Terms library', validate those, correct those and use those in the contract?
- A. Users need to run 'Contract library Tool' to check the correctness
- B. Users need to run 'Contract Expert' which will identify the mistakes and red line the items
- C. Users need to share the terms before input to the system
- D. Users need to download the terms in word format and run the spell/ grammar check
Answer: B
NEW QUESTION 29
Purchasing document descriptive flexfields and value sets provide a way of capturing additional information for display and reporting.
What three purchasing documents can make use of descriptive flexfields? (Choose three.)
- A. Approved Supplier List Entries
- B. Blanket Purchase Agreements
- C. Requisitions
- D. Document Types
- E. Supplier Qualifications
Answer: B,C,E
NEW QUESTION 30
Identify three attributes that are considered as Reference Data Sets and shared across Business Units in Cloud Procurement.
- A. Tax Classification
- B. Location
- C. Price
- D. Item
- E. Payment Terms
Answer: B,D,E
NEW QUESTION 31
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