COMMERCIAL QUIZ

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Master the Commercial Process Quiz

Test your knowledge of commercial processes and SAP procedures with our engaging quiz. This quiz is designed for professionals looking to enhance their skills in procurement, goods receipt, asset management, and compliance with company policies.

Key features of the quiz include:

  • Multiple-choice questions covering essential topics
  • Score tracking to monitor your progress
  • Immediate feedback on your responses
15 Questions4 MinutesCreated by CalculatingAssets24
For purchasing any material (For ex: RM, PM or spares etc.) when should the Purchase Order be created in SAP?
Immediately after receiving the material
Within 24 hrs of receiving the material
Just before the truck enters the factory
Before the material is dispatched by the vendor
What is the time limit for completing Goods Receipt (GR) entry in SAP?
Within 12 Hrs from gate entry
Within 24 Hrs from gate entry
Within 36 Hrs from gate entry
Within 48 Hrs from gate entry
For the purpose of cost comparison between quotations, which of the following must be considered?
Basic Price only
Basic price plus applicable taxes
Base Price, freight and other incidental expenses
Base Price, freight, other incidental expenses plus applicable taxes
When must the copy of the purchase order be sent to the vendor?
Immediately after PO is released
Immediately after material/service is received
Immediately after invoice is received
PO copy is not required to be sent to the vendor
Which of the following statements is correct regarding stock taking process?
SAP stock dump must be used as reference for stock taking
Stock taking must be done on the basis of blank stock count I.e., SAP stock dump must not be used as reference
SAP stock dump of random sample items can be used as reference
SAP stock dump of high value items (> 1 lakh) can be used as reference
CEP upto 1 Lakhs must be approved by:
Immediate supervisor
FCM and Unit head
Head Commercial
Approvals not mandatory
What is the timline for closure of a purchase order in SAP?
Within 30 days from the date of issue of Purchase order to the vendor
Within 45 days after the delivery of goods
Any time after the PO creation
PO Closure in SAP is not compulsory
As per the GR/IR policy, what is the allowed timeline for clearing copra payment?
Within 24 hours from the delivery of goods
Within 15 days from the delivery of goods
Within 30 days from the delivery of goods
Within 90 days from the delivery of goods
What are the documents required when an asset is sent for repair or modification purpose?
Returnable gate pass only
Asset transfer Note only
Returnable gate pass along with Asset transfer Note
Non returnable gate pass along with asset transfer Note
Which of the following is relevant in case of commencement of operations at a new branch?
Sales tax registration
Insurance endorsement
Agreement execution
All the above
Which one of the following document is not required to be prepaired while dispatching material?
Lorry Receipt
Goods transfer note cum challan
Form JJ or Form 15
Form C
When should an asset be capitalised in SAP?
When asset received at factory and GRN is completed
When asset is commissioned and put to use
When trial run has started
When a CEP is raised
Which of the following is a Non - compliance as per the scrap policy?
Online scrap generation to be entered in SAP on a daily basis
Scrap should be properly defaced before moving to the scrap yard
Daily scrap generation is not entered in the DPR
Scrap to be sold only to the authorised selected vendor throug Auction
What is the timeline to address any query raised by CG for invoice processing?
Within 2 days of raising the query
Within 5 days of raising the query
Within 7 days of raising the query
Within 10 days of raising the query
Which of the following is within policy in the case of Goods in transit
Goods in transit within 30 days
Goods in transit within 90 days
Goods in transit within 45 days
Goods in transit within 120 days
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