Financial Transactions and Data Collection Quiz
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Questions and Answers

When receiving materials, what should be checked to ensure that payment can be made to the vendor?

  • That the materials are in acceptable condition
  • That terms regarding installation and/or set-up of equipment are met
  • That the materials are destined for the correct department
  • That the quantity and discount match the purchase order (correct)
  • What should be done when merchandise is received that is incomplete or defective?

  • Return the materials to the supplier
  • Return the materials to the store
  • Make arrangements with the vendor for replacement (correct)
  • Document the goods in the administrative software
  • What is the key to obtaining data for a project?

  • Selection of Material
  • Cost of Material
  • Testing of Material (correct)
  • Matching the packing slip
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