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  • Exam Number/Code L4M1
  • Product Name Scope and Influence of Procurement and Supply
  • Questions and Answers
  • 326 Q&As
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NEW QUESTION: 1
What are the steps in the purchase order process?
A. Draft, Approval, Submit, Review, Receive, Bill
B. Draft, Approval, Submit, Receive, Bill
C. Submit, Approval, Receive, Bill
D. Submit, Approval, Review, Receive, Bill
Answer: B
Explanation:
Section: (none)
Explanation/Reference:
References:
https://neilparkhurst.com/2018/02/27/mb2-718-certification-microsoft-dynamics-365-customer-service-field- service-purchasing/

NEW QUESTION: 2
Which three requirements are addressed by Oracle Storage Cloud Software Appliance? (Choose three.)
A. local caching of frequently accessed data
B. key-based encryption of data before it is stored in Oracle Storage Cloud Service
C. private cloud storage
D. locally-attached block storage capacity for applications running in Oracle Compute Cloud Service virtual machines (VMs)
E. shared storage in the cloud for Oracle Compute Cloud Service VMs.
Answer: A,B,C

NEW QUESTION: 3
What are the three kitting processes available in EWM?
There are 3 correct answers to this question. Response:
A. Kit de-stocking
B. Reverse kitting
C. Kit-to-stock
D. Kit-to-order
E. Kit rebuild
Answer: B,C,D

NEW QUESTION: 4
The auditor with final responsibility for an engagement and one of the assistants have a difference of
opinion about the results of an auditing procedure. If the assistant believes it is necessary to be
disassociated from the matter's resolution, the CPA firm's procedures should enable the assistant to:
A. Document the details of the disagreement with the conclusion reached.
B. Refer the disagreement to the AICPA's Quality Review Committee.
C. Report the disagreement to an impartial peer review monitoring team.
D. Discuss the disagreement with the entity's management or its audit committee.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Choice "B" is correct. Each assistant has a professional responsibility to bring to the attention of
appropriate individuals in the firm, disagreements or concerns the assistant might have with respect to
accounting and auditing issues that he or she believes are of significance to the financial statements or
auditor's report. In addition, each assistant should have a right to document his or her disagreement if he
or she believes it is necessary to be disassociated from the resolution of the matter.
Choice "A" is incorrect. Quality control committees are primarily concerned with determining whether
quality control policies and procedures are being effectively applied. Generally, they would not get involved
with disagreements related to specific engagements.
Choice "C" is incorrect. Disagreements among an audit firm's staff would generally be handled internally.
Discussion of such matters with the client would be inappropriate.
Choice "D" is incorrect. Impartial peer review teams are primarily concerned with determining whether
quality control policies and procedures are being effectively applied. Generally, they would not get involved
with disagreements related to specific engagements.

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