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, the base currency value of invoice is updated according to the latest exchange rate.
    • A – True
    • B – False