Quiz 1

Top of Form
Question 1
A storage bin is:
Choose one answer.
a. A storage location where all
documents reside.
b. A place where all the raw
materials are stored.
c. Trash where all deleted
documents go
d. A part of the warehouse where
goods are stored. Anything can be stored there: raw materials, semi-
finished or finished goods, stationery, etc.

Correct
Question 2
How does the system calculate the value of inventory? (two answers)
Choose at least one answer.
a. For items with Cost Type = Standard, by
taking the manually entered number
multiplied by the number of items in stock. The manual cost is entered within Costing
tab of the Product window.

b. For items with Cost Type = Average, by

calculating the average cost according to The average cost is calculated as stated upon
goods receipts and multiplying it by the running of the Generate Average Costs
number of items in stock. process found inside Warehouse
Management || Transaction menu

c. For items with Cost Type = Standard, by

taking the standard purchase price
multiplied by the number of items in stock.
d. For items with Cost Type = Average, by
calculating the average cost according to
purchase orders and multiplying it by the
number of items in stock.
Correct
Question 3
What are possible reasons for a Goods Movement?
Choose one answer.
a. Goods that are received at the warehouse coming from
another part of warehouse or are transferred out of inventory
to another part of the warehouse.
 b. Inventory movement of goods taken out of consigned
inventory for consumption.
c. Inventory movement due to conversion of goods.
d. All of the above All described examples are
handled through Goods
Movement.
Correct
Question 4
What is a Physical Inventory?
Choose one answer.
a. Sending back stock to the
Vendor because we do not
have space in our warehouse
b. All the inventory that is in
our Openbravo application.
c. An event to count the stock
in the warehouse and update Physical Inventory is a document that notes the actual
your system with the correct quantities of products in stock/inventory. It is usually
numbers performed a couple of times a year due to lost items, out
of date status, write-off of expired goods, etc.

d. An event in which you

check the value of all your
products in stock
Correct

Quiz 2
Top of Form
Question 1
What is Pareto report used for?
Choose one answer.
a. A report that classifies
products into 3 categories
(ABC) according to their
quantity ordered and the
price quoted.
b. A report that lists the
values of all products in
stock.
c. A report that classifies The Pareto ABC classification is based on the average cost
products into 3 categories of the product. The setup of the product to be included in
(ABC) according to their the report needs to be set to have Cost Type set to
Average. The Generate Average Cost process is used to
generate the Average Cost for products.
 average cost.

d. A report listing most

popular products
Correct
Question 2
Which document updates inventory?
Choose one answer.
a. Goods
Receipt Goods Receipt is a document that notes the actual goods that arrived. It
usually relates to a specific Purchase order but is not necessarily the
same. Upon completion of this document, inventory is updated.

b. Requisition
c. Purchase
Invoice
d. Purchase
Order
Correct
Question 3
Which of the following statements about reports are correct: (multiple answers possible)
Choose at least one answer.
a. The Traceability Report only shows products that have a attribute set value selected (for
example size or color).

b. The Material Transaction Report only shows transactions related to a Business Partner.
For example the move from one storage bin to another is not reflected.

c. Stock Report groups products by storage bin

d. The Customer Stock Report shows you both positive and negative quantities. If a stock
for some reason went negative, the details will appear on the report;

Correct
Question 4
Why is traceability important for a company?
Choose one answer.
a. In case of a production error Traceability is important because it means you can
for a certain batch of a product always locate certain parts in your stock. Especially in
it is easier to recall the case of problems with your stock you need to be able to
determine in what storage bin it is located or to which
 problem stock
customer it was shipped.

b. It is handy, but not

important, because the
Physical inventory will help us
find inventory in their right
location.
c. It is important to know the
cost of your products,
especially if the vendor
changed the prices in the past.
d. All of the above
Correct