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Pricing

COMMENTS STADISTICS RECORDS
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Title of test:
Pricing

Description:
Pricing

Author:
Harry Keogh
(Other tests from this author)

Creation Date:
28/05/2009

Category:
Others

Number of questions: 57
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Content:
Pricing conditions can be grouped into the following groups. Which of the following are correct? Prices Discounts & Surcharges Taxes Transportation Freight.
Price determination process make use of the 5 step condition technique. True or False? True False.
Which of the following criteria influence pricing procedure determination during pricing? Mark the correct answers. Sales Area Pricing procedure code in Customer master Pricing procedure code in Company code Pricing Procedure code in Document type Pricing procedure code in Material master.
Which of the following statements is correct? Data about conditions is stored in condition records Condition records are created using a specific key. These keys is set up in the condition tables. The new condition maintenance allow maintenance across all condition types and tables Condition records do not contains validity periods Condition records can be set up with scales. However you cannot set upper and lower limits.
Condition tables is a combination of fields, which form the keys that can be used to create the condition records. You cannot add fields to the field catalogue in order to create new condition records based on different criteria. True or False True False.
Which of the following are true regarding pricing condition tables? Additional condition tables can be created for specific requirements. When defining new condtion tables, they must begin with a "Z" They are used to determine the key in the condition records You can add fields to the field catalog in order to create new condition records based on different criteria It is important to list the fields in a condition table in the proper order .
Which of the following statements are not correct? This search strategy defines the sequence in which condition records for a condition type are found and read Each access performed during the access sequence is made using a condition table An access sequence consist of only one condition tables An access sequence is assigned to a condition type An access sequence is assigned to a condition record.
An access sequence must be set up from most specific to least specific. True or False True False.
In pricing, what object stores the condition type and thesequence in which they are executed in the Sales document during pricing Condition Table Condition Record Access Sequence Pricing Procedure Condition type .
Which pricing element is used to control pricing so that you can specify a customer specific price rather then a general material pricie to be used during automatic price determination in a sales document Condition Table Condition Record Access Sequence Pricing Procedure Condition Type .
Condition type determines the category of a condition and describes how it is used.The condition type contain all the rules and controls. True or False True False.
Which of the following statements are correct? A Header condition type will always have an access sequence assigned to it A condition type that must be captured manually, will not have an access sequence assigned to it An access sequence is a search strategy An access sequence is made up one or more condition tables .
A condition type that must be captured manually, will not have an access sequence assigned to it. True or False True False.
Which of the following statements are correct? The Pricing procedure can have any number of subtotals (to be use for base calculations) The Pricing procedure contains all the condition types necessary for the calculation of the price The Pricing procedure do not have reference levels to the subtotals In the pricing procedure you can mark the Condition Type as mandatory and if they can be entered manually In the pricing procedure you cannot add Condition Types for statistical purposes.
Which of the following statements are correct? Prices can be changed in the condition procedure of a sales document and these changes will be marked as changed manually Prices cannot be changed in the condition procedure of a sales document but you can add prices manually to a sales document You cannot prevent manual changes to condition types in the condition procedure of a sales document Header conditions can be entered manually at header level and are copied to all items (normally a percentage discount) Header conditions will be automatically distributed proportionally across the items based on net value. The basis of the distribution cannot be changed in the pricing procedure .
The basis of the distribution of a condition that was entered at header level, can be changed in the pricing procedure by selecting the appropriate routine. True or False True False.
The header conditions are manually distributed among the items based on the net value. True or False True False.
Prices can be re-determined. Which of the following is True regarding pricing types and re-pricing? Copy control makes it possible to handle re-pricing of billing documents Re-pricing cannot be carried out in the billing document Pricing types behaviour can be configured in the Pricing type Document types cannot be set to automatically do re-pricing when they are created.
Which of the following are valid pricing types? Copy pricing elements unchanged and redetermine taxes Copy pricing elements and update according to delivery quantity Carry out completely new pricing Copy pricing elements unchanged Carry out new pricing and copy across manual changes .
A condition table is a combination of fields, which form the key for which pricing element Condition Type Access Sequence Condition Record Pricing Procedure .
You can mark a condition type in the pricing procedure as being: An optional condition A mandatory condition A manually entered condition An automatically entered condition For statistical purposes only .
Which of the following can help you with complex calculations? Requirements Routines Price contracts Formulae .
Which of the following are true about pricing? When a value is found from a condition record and changed manually, manual changes always have priority Upper and lower limits can be entered to control manual price changes Header conditions can be split proportionately among the various items One value can be specified and adopted by each of the individual items .
Pricing reports consist of different sections. Select the correct answers. Page Header Condition elements Items Group Header .
User Specific area menus can be created for price maintenance in the new condition maintenance function. True or False True False.
Net Price list provides the option to create price information for a customer on a selected number of materials. The price list report will determine the prices by simulating a Billing document. True or False True False.
Text can be added to condition records. For which of the following agreements can long text be added? Rebate Agreements Promotions Sales deals .
Which of the following statements are correct? Long text in the rebate agreement can be copied into a credit memo request for rebate payments and then into the the credit memo Text control do allow you to copy long text from condition records into documents Text is not copied when you create condition records with reference Text is copied when you create condition records with reference.
Which of the following statements is correct? You can create your own condition indices to search for condition records that were created for a variaty of conditions types and condition tables You cannot create your own condition indices to search for condition records that were created for a variaty of conditions types and condition tables You can allow a release procedure to be used when a condition table is created. You cannot allow a release procedure to be used when a condition table is created. A calculation type determines how prices or discounts and surcharges are calculated and is set in customising. You can however change the calculation type in the condtion record. .
The release status is set indirectly by defining a release procedure in customising for pricing and assigning a release status to it. True or False True False.
Which of the following statements are correct? Group conditions are used to aggregate the basis for general scale values for all of the items in the same group. A condition type can be classified as a group condition Condition exclusion indicator can be set in either the condition type or condition record Condition types to be compared does not need to be in an exclusion group A group condition is a set of condition types linked together in a pricing procedure .
Group conditions with varying keys, item quantities are accumulated for scale point determination purposes but the rate for each item is taken from its individual condition record. True False.
When values are accumulated in condition records, you can set a minimum condition value. True or False True False.
Which of the following are false regarding Price updates? Values can be accumulated in condition records to test against those limits Cumulative values cannot be displayed Condition type must be set for condition update in IMG Condition update cannot be set for number of orders Condition update can be set for maximum condition value .
Condition supplement do not have their own access sequence but is based on other conditions. They are found with the underlying condition records. True or False True False.
Multiple conditions cannot be grouped together in a group supplement procedure. True or False True False.
The system will allow you create conditions based on customer or material hierarchy. The system process however requires a lot of maintenance and reduces system performance and is considered a disadvantage. True or False True False.
Without hierarchy accesses you need to create a condition table for each combination and assign all accesses to these tables in the access sequence. True or False True False.
Which of the following statements are true? Header condition HM00 allow you to enter the order value manually, and this price will be distributed proportionally accross the items based on previous net value Item Condition PN00 allow you to enter a net price per Item. This will deactivate any other pricingfor that item. PMIN is header condition that will check that you do not deal below a set minimum price. Whenever the net price is below the PMIN price the system will automatically adjust price to PMIN Customer hierarchies consist of nodes witout any validity periods Rounding can be down up or down depending on the setting. Conditio DIFF is group condition and is distributed accross all items according to value .
Which of the following standard condition types is used for cost of sales in the pricing procedure PR00 VPRS EDI1 MWST SKTO.
Which of the following is a condition type that is used for Tax in the pricing procedure? PR00 VPRS EDI1 MWST SKTO .
You can maintain conditon records with interval scales if the condition type is set to scale type A in customising. True or False True False.
With customer hierarchies you can assign prices and rebate agreements to a higher level node. True or False True False.
The system determines tax rate in the order / billing document on the basis of three criteria. Which of the following is incorrect? Business transaction - Export / Local Tax liablity of customer (ship to party) Tax liability of material Document type & item category Material type .
Which of the following statements is true? The tax procedure is assigned in the defaults for Sales & Distribution customising, according to country Taxes are determined with the normal 5 step condition technique Condition type for tax will be part of the normal pricing procedure.
Promotions can be entered for a certain time period. Different sales deals can be linked to a promotion. The sales deal number and the promotion number will be displayed in the detail of the billing document and will then also update SIS accordingly. True False.
Rebates are discounts, which are granted subsequently to rebate recipients, based on defined sales volumes within certain periods of time. True False.
Which of the following statements are incorrect? Rebate Agreement types contain all the rules and controls that will influence the behavior / features of a rebate agreement. Rebate agreements do not use the standard condition technique for rebate calculation, but the 3 step technique The rebate rate as well as the accrual rate need to be specifiedfor rebate condition records Rebate condition records do not have a validity period and ends when the rebates are settled Rebate agreements can be settled partially.
When rebate relevant billing documents are processed, accruals can be determined and must be posted manually. The rebate credit memo can be used to reverse accruals. True False.
Which of the following must be activated for rebate processing? Sales Organisation Sold to party Payer Sales document type Billing document type .
Which of the following statements are incorrect regarding rebate settlement The system uses the accumulated amounts in the rebate agreement to create a rebate settlement The system will create a rebate credit memo request for the rebate amount specified You can display the sales volume and drill down in the rebate agreement Acruals need to be reversed manually after the rebate agreement is settled by credit memo Rebate Settlements can be performed only manually .
When creating the credit memo, the settlement material is the source for important master data for example for account determination purposes True False.
Retro-active rebate agreements allow you to take into account billing documents created before the rebate agreement True False.
Which of the following are true regarding rebate processing? The payer must be relevant for rebate processing If the accrual rate is not entered, it will be 100% of the rate The business volume is updated at sales order time The business volume is updated at delivery time The business volume is updated at invoice time. .
You have created an exclusive free goods agreement and you would like the ordered item to absorb the cost of the free goods. In order to transfer the correct information to CO-PA from SD billing, you would have to do which of the following? Deactivate pricing in the item category of the free item. Activate pricing in the item category of the free item with indicator B. Set the stock value as a cost free item. Utilize condition type R100 with requirement 55. Set the cumulative indicator in copying control for the billing item.
Pricing condition types are grouped into which of the following: Access sequence Pricing procedure Pricing record Price type Determination procedure .
The pricing date at the header level has priority over the pricing date(s) at the item level(s) True False.
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