Reason Codes: Assessment Test Questions

  1. Why should you specify reason codes for direct inventory transactions?

    • With reason codes specified for direct inventory transactions, the organization can track why each inventory transaction was performed.
    • Reason codes are used to generate purchase orders for stock replenishment.
    • Reason codes provide information about the warehouse from which the stock item was issued or to which it was received.
    • Reason codes are used to generate monthly reports on inventory transactions.

  2. Which usage do you specify for a reason code for inventory issues generated during the processing of purchase returns?

    • Vendor Return
    • Issue
    • Receipt
    • Adjustment

  3. Which of the following data does the reason code in an inventory transaction define?

    • The default offset account to be updated with the amount of the transaction
    • The quantity of the transaction
    • The date of the transaction
    • The cost of the transaction
  4. On which form does the system automatically insert the default reason code for inventory receipts?
    • Receipts
    • Shipments
    • Purchase Orders
    • Purchase Receipts
  5. Can users change the default reason code inserted by the system for an inventory transaction?
    • Yes, the reason code for an inventory transaction can be changed.
    • No, the reason code for an inventory transaction cannot be changed.
    • Only system administrators have the ability to change the reason code for an inventory transaction.
    • The reason code for an inventory transactions can only be changed for an issue generated for a customer return.