IBM Maximo EAM Quiz 5 – Purchasing Module

Following questions are related to Purchasing Module of IBM Maximo Enterprise Asset Management. They may help in preparation of certification test number 000-015 i.e. IBM Maximo Enterprise Management v7.1 Implementation.

Choose one of the following options and leave your answers in a comment below:

  1. Commodities can not be associated with following using Associate Commodities action.
    • A – Contracts
    • B – Companies
    • C – Items
  2. Company records are created at Company Set level.
    • A – True
    • B – False
  3. Change Order (PO of type CHG) can be created for PO in approved status and having receipts.
    • A – True
    • B – False
  4. PO line cost can not be distributed if:
    • A – Some of the services are prorated
    • B – PO line is direct issue item
    • C – PO line is a service
  5. Items and tools can be transferred between organizations only if they share the same ITEM SET
    • A – True
    • B – False
  6. Which of the following is incorrect.
    • A – Currencies are defined at the system level
    • B – Exchange Rates are defined at the system level
    • C – Exchange Rates are defined at the organization level
  7. Loaded Cost field contain the Line Cost + Tax.
    • A – True
    • B – False
  8. There are five Tax types in Maximo which contain Tax codes.
    • A – True
    • B – False
  9. Which one of the following is true regarding disqualified vendor.
    • A – PR, PO and invoices can not be created for them
    • B – Already created transaction can not be processed
  10. A multiple level hierarchy of companies can be created to represent company branches.
    • A – True
    • B – False
  11. Purchase Order can be created from unapproved Purchase Requisitions
    • A – True
    • B – False
  12. A release (REL) type PO can not be duplicated and they also can not be changed through Change Order.
    • A – True
    • B – False
  13. The default status for new RFQ is:
    • A – INPRG
    • B – READY
    • C – WAPPR
    • D – DRAFT
  14. The RFQ status changes to COMP when all lines are awarded.
    • A – True
    • B – False
  15. Credit Note is a type of invoice issued to the vendor to recover money, for example, for returned items.
    • A – True
    • B – False
  16. Invoices status can be changed to HOLD from ENTERED or WAPPR statuses.
    • A – True
    • B – False
  17. At the time of invoice approval, base currency value of invoice is updated according to the latest exchange rate.
    • A – True
    • B – False

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