Online Access Free APS Practice Test

All of the following items are typically addressed in an organization's vendor setup guidelines except:

• A.Validating that the person who requested the new vendor is authorized to do so
• B.Verification that the vendor is not already in the system
• C.Whether or not the vendor outsources its order fulfillment process
• D.The conventions for the way letters and abbreviations must be entered

In the U.S., what is the best way to verify a vendor's business registration?

• A.Require a sworn affidavit from the vendor's financial institution
• B.Check the database of the Secretary of State where the vendor is registered
• C.Send a letter to the vendor requesting written confirmation that the registration is up-to-date
• D.Submit a request to the Internal Revenue Service to do a Form 1120 search

What is a good strategy for dealing with the change that typically accompanies automation?

• A.Don't worry about it until you must actually implement the changes
• B.Request that you be reassigned to a role that is unaffected by automation
• C.Understand and accept that it will take time to learn a new system
• D.If you feel the change won't be for the best, try to convince management to delay

Good vendor master file practices include each of the following, EXCEPT:

• A.Finding and consolidating duplicate vendors
• B.Deleting and re-entering vendors that move
• C.Having a vendor verification program
• D.Blocking inactive vendors after a certain period

Which AP function is typically NOT considered a good candidate for business process outsourcing (BPO)?

• A.Performance monitoring
• B.Invoice imaging
• C.Check printing
• D.Utility payments