Stock Items: Assessment Test Questions

  1. What do you need to do before you create stock items? (Select all the correct responses.)
    • Enable the Inventory feature on the Enable/Disable Features form
    • Create item classes on the Item Classes form
    • Specify the default warehouse for stock items on the Stock Items form
    • Define a tax category for each stock item on the Taxes form
  2. Which of the following settings does the system copy from an item class to a stock item of this class? (Select all the correct responses.)
    • Item type
    • Valuation method
    • Item ID
    • Purchase price
    • Sales price
  3. Which of the following are types of stock items? (Select all the correct responses.)
    • Finished Good
    • Component Part
    • Misc. Charge
    • Service
    • Freight
  4. What information does the system automatically track and maintain for stock items? (Select all the correct responses.)
    • The availability of stock items
    • The cost of stock items
    • The quality of stock items
    • The warranty information for stock items