Availability Calculation Rules: Assessment Test Questions

  1. What do you use the Availability Calculation Rules form for?

    • To configure the way availability data is calculated for item classes
    • To manage inventory levels for item classes
    • To define the pricing rules for inventory
    • To track sales and purchase orders
  2. Which of the following scenarios require the creation of availability calculation rules? (Select all the correct responses.)
    • You are initially configuring inventory.
    • You are adding an item class with specific availability calculation settings.
    • You are updating the pricing for inventory items.
    • You are creating a new user account.
    • You are generating financial reports.
  3. When does the system update the on-hand quantities of items at warehouses?
    • When inventory transactions are released
    • When you manually start this process
    • Once a day
  4. What is the quantity available for issue?
    • The estimated quantity of the items that can be issued from inventory
    • The quantity of items that have been issued from inventory
    • The quantity that is used to calculate the total value of items in the inventory
    • The quantity that determines the amount of stock items that are currently in transit
  5. What action should you take after you change the calculation options of an availability calculation rule?
    • Performing a recalculation of item availability and allocation data by using the Recalculate Inventory form
    • Updating the item availability and allocation data in the system manually
    • Creating a new inventory transaction to update the item availability and allocation data
    • Contacting customer support for assistance with updating the item availability and allocation data
  6. What is the status of documents where the lines have an item plan that doesn't affect the available quantity calculations?
    • Released and Posted
    • On Hold and Balanced
    • Credit Hold and Pending Approval
    • Rejected and Open

  7. Which of the following plan types defined by an availability calculation rule decrease the available quantity of a stock item? (Select all the correct responses.)

    • IN Issue
    • SO Prepared
    • IN Receipt
    • PO Receipts
    • Purchase Orders