Page 47 - Participant Guide - Unanet GovCon Using Purchasing

APPENDIX A: CHECK YOUR UNDERSTANDING ANSWER KEY

Lesson 1:

1. From the following, which is the best definition of Purchasing?
a) The act of issuing customer invoices - This is an incorrect answer
because this is billing processes
b) The act of buying the goods and services that a company
needs to operate and/or manufacture products - This is the
correct answer because it is a definition of Purchasing
c) The act of paying vendors - This is an incorrect answer because
this is AP processes

2. Unanet has built-in functionality to track and maintain the necessary
compliance information throughout the course of a contract. What
complaint agency requires the use of these tools?
a) Generally Accepted Accounting Principles (GAAP) - This is an
incorrect answer because complaint agency for accounting
standards
b) National Association of State Boards of Accountancy (NASBA) -
This is an incorrect answer because this complaint agency is for
CPE accreditation
c) Contractor Purchasing System Reviews (CPSR) - This is the
correct answer because CPSR is the associated complaint agency
for Purchasing

3. What Unanet role(s) is needed in order to Approve Purchase Requisitions
and create Purchase Orders?
a) Purchasing Manager and Purchaser - This is the correct answer
because these are the required roles to Approve Purchase
Requisitions and create Purchase Orders
b) Purchasing Manager and Purchase Requestor - This is an incorrect
answer because the Purchase Requestor roles cannot approve or
create PO they create PR
c) Purchase Requestor and Purchaser - This is an incorrect answer
because these roles are used to create PR and PO neither can
approve

LESSON 5 MANAGE AND MONITOR PURCHASING
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