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Questions # 41:

Which two options constitute the rights and responsibilities of a legal Entity?

Options:
A.

Account for themselves to regulations, taxation authorities, and owners according to rules specified in the relevant legislation

B.

Facilitate resource allocation

C.

Manage warehouses

D.

Create opportunities for new business

E.

Own property

Expert Solution
Questions # 42:

Your organization has lot controlled and nonlot controlled material and stores all defective material in a subinventory called “Defect”. The organization does not want defective material to be available for reservations or for subsequent shipping to customers.

Which option satisfies this requirement?

Options:
A.

Tag the lot as defective product.

B.

Disallow all inventory transactions for the subinventory “Defect”.

C.

Put a hold on the lot.

D.

Assign the subinventory a material status that disallows reservations and allows subinventory transfers and issues to scrap.

E.

Assign the lot a material status that disallows reservations and allows subinventory transfers and issues to scrap.

Expert Solution
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