Items with Lot and Serial Numbers: Test Pool

  1. What determines the order in which lot or serial-tracked items of a particular item class are issued from a warehouse?
    • The issue method (correct)
    • The assignment method (incorrect)
    • The lot number assigned to each item (incorrect)
    • The tracking method specified for the class (incorrect)
  2. Which settings can you specify for a lot or serial class on the Lot/Serial Classes form? (Select all the correct responses.)
    • The tracking method for an item of the class (correct)
    • The method of assigning a lot or serial number to an item of the class (correct)
    • The pricing method for an item of the class (incorrect)
    • The shipping method for an item of the class (incorrect)
  3. When must lot or serial numbers be assigned to items if the When Received assignment method is selected on the Lot/Serial Classes form?
    • As soon as the items are received in a warehouse (correct)
    • When the items are issued or shipped from a warehouse (incorrect)
    • After the received items have been stored in a particular location in a warehouse (incorrect)
    • If there are historical transactions involving the items (incorrect)
  4. What is a lot number?
    • A unique identification code assigned to a specific quantity of items (correct)
    • A random assortment of letters and numbers used to identify items (incorrect)
    • A barcode that is scanned to track the location of items (incorrect)
    • A sequential number assigned to each item in a specific lot (incorrect)
  5. What is a serial number?
    • A unique number that identifies a particular stock item (correct)
    • A code used to track the expiration date of a stock item (incorrect)
    • A number assigned to a group of stock items sold in lots (incorrect)
    • A number used to track the location of a stock item in a warehouse (incorrect)
  6. When is the preconfigured DEFAULT lot or serial class used?
    • When items are not tracked by lot and serial numbers (correct)
    • When items are tracked by lot numbers (incorrect)
    • When items are tracked by serial numbers (incorrect)
    • When items have an expiration date (incorrect)
  7. Which form do you use to assign a lot or serial class to an item class?
    • Item Classes (correct)
    • Stock Items (incorrect)
    • Lot/Serial Classes (incorrect)
    • Inventory Preferences (incorrect)