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Frequently Asked Questions

NetSuite ERP-Consultant Sample Question Answers

Question # 1

Identify the steps for valuing an inventory item using the Standard Cost Costing method?1. Rollup Standard Costs. 2. Enter Standard Cost at sublist level. 3. Revalue inventory and update Standard Costs.

A. 2, 3, 1
B. 3, 1, 2
C. 1, 3, 2
D. 2, 1, 3

Question # 2

A company wants to confirm that they can track inventory.Which segment allows tracking product categories at the inventory level?

A. Class
B. Custom Segment
C. Location
D. Department

Question # 3

Which statement is true regarding Bin Management on item records?

A. Users can designate more than one preferred bin per location.
B. When adding bins to an item record, only one bin can be associated per location.
C. Users can associate multiple items with one bin and multiple bins with one item.
D. Bin records cannot be associated to Assembly and Matrix item types.

Question # 4

Which feature allow you to record the invoice for an entire sales order, even if all items onthe order are not shipped?

A. Advanced Billing
B. Advanced Shipping
C. Advanced Inventory Management
D. Advanced Receiving

Question # 5

A purchasing department needs to track defective items that are returned to the vendor for replacement or credit.What two settings need to be configured in NetSuite?

A. Enable the Vendor Return Authorizations feature
B. Enable the Credit in Advance of Vendor Return preference
C. Use the standard Vendor Activity report.
D. Customize the Inventory Activity Detail to filter by transaction type, and add column for Vendor RMA status.
E. Customize the A/P Register to filter by transaction type Vendor Returns, and add a column for Item Name.

Question # 6

What is the impact of enabling the Limit Vendor List on Items preference?

A. All vendors are available on the Vendor Bills and Order Items pages.
B. Only vendors associated with an item display in the Vendor list.
C. Only vendors with previous transactions display on the Order Items page.
D. Only vendors marked as a Project Resource display in the Vendor list.

Question # 7

A company that uses FIFO costing method is going live.Which transaction best captures the time-based nature of inventory cost?

A. Adjust Inventory Worksheet
B. Item Fulfillment
C. Inventory Allocation
D. Adjust Inventory

Question # 8

Which NetSuite Managed Bundle automatically provisions VAT/GST tax codes whenadding a new country nexus (other than US/Canada)?

A. International Tax Reports
B. OneWorld Taxes
C. Supplementary Tax Calculation
D. Global Tax Calculator

Question # 9

Which action allows you to view a custom field on the header level of a transaction record?

A. Assign the custom field to the first subtab.
B. Once created, the custom field automatically displays on the header level.
C. Assign the custom field to the Header subtab.
D. Leave custom field’s subtab blank.
E. Assign the custom field to the Main subtab.

Question # 10

Which statement determines if NetSuite maintains a list of consolidated exchange rates?

A. Multiple subsidiaries are created with the same currency.
B. Budget exchange rates must be maintained.
C. NetSuite OneWorld is implements with multiple base currencies.
D. The Multiple Currencies feature is turned on.

Question # 11

Which statement is true regarding the import process of uploading CSV Templates?

A. Tax rates and Status can be overridden when uploading data via CSV templates.
B. All record types support CSV data imports using the Multiple Files To Upload functionality.
C. The Created From field can be set and overridden using CSV Imports.
D. Data Sets in CSV templates can be imported using column delimiters of Comma, Semicolon, Tab and Space.

Question # 12

What type of Billing Group should users create to bill 15,000 customers in one group?

A. Dynamic
B. Fixed
C. Static
D. Flexible

Question # 13

Which statement is true about restricting forms to roles?

A. Marking the form as Inactive restricts the form to a specific role.
B. Forms can be restricted based on segmentation.
C. Enabling the Preferred checkbox restricts the form to a specific role.
D. The Restricted checkbox can be enabled or disabled when a form is marked as Preferred in role setup.

Question # 14

Three months after going live in NetSuite, an Administrator wishes to change the FieldType of a Custom Entity field from List/Record to Multiple Select, using the sameList/Record.What should the Administrator consider before making this change?

A. All data for existing records will remain when converting the field.
B. All data will be lost for existing records when converting the field.
C. Only records created after the change will see the field as Multiple Select.
D. Editing existing records will require selecting multiple values.

Question # 15

Which is an alternative to assigning <NULL> values while running a CSV Import?

A. Overwrite Missing Fields
B. Overwrite Existing Fields
C. Overwrite Sublists
D. Overwrite Null Values

Question # 16

A saved search needs to return results that show the number of the Bill Payment and the Bill it is applied to.Which Search Type and Join Relationship in the Results column (respectively) will obtain the desired result?

A. Bill Payment; Applied To Transaction Fields...
B. Transaction; Billing Transaction Fields...
C. Bill; Applying Transaction Fields...
D. Transaction; Applied To Transaction Fields...

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