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CMCA Actual Exam 2023, Exams of Business Economics

Rockford Business CollegeBusiness Economics

A set of 41 multiple-choice questions related to NetSuite functionalities and features. The questions cover topics such as vendor returns, drop ship and special order items, persist search, custom invoice forms, item types, saved searches, vendor bills, multiple currencies, inventory costing, and more. The questions are designed to test the knowledge of NetSuite users and administrators and help them prepare for the CMCA exam.

Typology: Exams

2023/2024

Available from 10/26/2023

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CMCA Actual Exam 2023
1. A company purchased and received 100 chairs for a conference room. Four of the chairs were the wrong
style and must be returned.
What steps are performed after approving the Vendor Return Authorization?
A. Shipping the Return > Close Return
B. Shipping the Return > Crediting the Return
C. Shipping the Return > Create a Journal Entry
D. Shipping the Return > Mark Shipped on the Return Authorization
2. Which statement is true about Drop Ship and Special Order items?
A. Can be used for Non-Inventory items for Resale and Inventory items.
B. Items can be marked as both Drop Ship and Special Order,
C. Vendor ships items to customer’s address.
D. Impact Asset and Cost of Goods Sold (COGS) accounts upon item receipt and ful+llment.
3. Which is valid permission level for Persist Search?
A. Create
B. View
C. Edit
D. Full
4. A company would like to add the same disclaimer message that prints in the footer of its PDF Invoices.
Which action should the Administrator take?
A. Edit the custom Invoice form and enter the message in the Disclaimer Field.
B. Enter the disclaimer message in the Sales Form Memo Field.
C. Edit the custom Invoice form and change the Printing Type to Advanced.
D. Create a custom Disclaimer field on the customized Invoice form and enter the message.
5. Which task can a user role with the Override Period Restriction permission perform?
A. Post to a locked period.
B. Post to neither closed nor a locked period.
C. Post to a closed period.
D. Post to both a closed and/or a locked period.
6. What is the maximum number of Quantity-based Price Levels a user can set up in NetSuite?
A. Unlimited
B. 2
C. 99
D. 50
7. Which carrier requires review and response to Invoice information when setting up a Shipping Integration
account?
A. FedEx
B. UPS
C. USPS
D. None
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CMCA Actual Exam 2023

  1. A company purchased and received 100 chairs for a conference room. Four of the chairs were the wrong style and must be returned. What steps are performed after approving the Vendor Return Authorization? A. Shipping the Return > Close Return B. Shipping the Return > Crediting the Return C. Shipping the Return > Create a Journal Entry D. Shipping the Return > Mark Shipped on the Return Authorization
  2. Which statement is true about Drop Ship and Special Order items? A. Can be used for Non-Inventory items for Resale and Inventory items. B. Items can be marked as both Drop Ship and Special Order, C. Vendor ships items to customer’s address. D. Impact Asset and Cost of Goods Sold (COGS) accounts upon item receipt and ful+llment.
  3. Which is valid permission level for Persist Search? A. Create B. View C. Edit D. Full
  4. A company would like to add the same disclaimer message that prints in the footer of its PDF Invoices. Which action should the Administrator take? A. Edit the custom Invoice form and enter the message in the Disclaimer Field. B. Enter the disclaimer message in the Sales Form Memo Field. C. Edit the custom Invoice form and change the Printing Type to Advanced. D. Create a custom Disclaimer field on the customized Invoice form and enter the message.
  5. Which task can a user role with the Override Period Restriction permission perform? A. Post to a locked period. B. Post to neither closed nor a locked period. C. Post to a closed period. D. Post to both a closed and/or a locked period.
  6. What is the maximum number of Quantity-based Price Levels a user can set up in NetSuite? A. Unlimited B. 2 C. 99 D. 50
  7. Which carrier requires review and response to Invoice information when setting up a Shipping Integration account? A. FedEx B. UPS C. USPS D. None
  1. Which statement is true when creating Statistical Accounts? A. The Unit Type Field can be changed after saving a Statistical Account. B. The Include Children checkbox is greyed out when selecting Subsidiaries for a Statistical Account. C. A Statistical Account is debit positive and not excluded from foreign currency translation. D. Currency-specific fields do not display when creating a Statistical Account.
  2. A company reduces overhead by not keeping stock of Item A at their warehouse. When a customer generates a Sales Order for Item A, the company generates a linked Purchase Order to a preferred vendor and can only fulfill the order upon receiving the item receipt. Which item type meets the company’s requirements? A. Non-Inventory Item for Sale B. Drop Ship item C. Non-Inventory Item for Resale D. Special Order item
  3. One item on a Return Authorization is damaged and will not be added back into Inventory. Which Accounting PReference: needs to be enabled to process the Return Authorization? A. Write-Off Account for Returns B. Enforce Minimum Quantity on Return Authorizations C. Credit in Advance of Vendor Return D. Allow Overage on Item Receipts
  4. A NetSuite customer has an integration with Shopify. On the Shopify portal, a shopper selects goods and enters payment information at checkout. What transaction is created through the integration? A. Credit Card Payment B. Cash Sale C. Sales Order D. Invoice
  5. 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...
  6. A company wants to have vendor bills checked for discrepancies against item receipts, with a 5% tolerance quantity level. Which is the correct setup? A. Subsidiary Record > Preferences > Vendor Bill; Item Receipt Quantity Tolerance = 0. B. Subsidiary Record > Vendor Bill Matching > Vendor Bill; Item Receipt Quantity Tolerance = 0. C. Subsidiary Record > Vendor Bill Matching > Vendor Bill; Item Receipt Quantity Tolerance = 5 D. Subsidiary Record > Preferences > Vendor Bill; Item Receipt Quantity Tolerance = 5
  1. What type of Billing Group should users create to bill 15,000 customers in one group? A. Dynamic B. Fixed C. Static D. Flexible
  2. Which mapping is required when performing a CSV Import to create a new Sales Order? A. Sales Rep B. Item C. Location D. Internal ID
  3. What feature enables a user to create Billing Schedules in order to invoice sales over a time period or contract term? A. Advanced Billing B. Billing Operations C. Billing Accounts D. Charge-Based Billing
  4. Which fields on a Customer record should a user set up to use Electronic Funds Transfer (EFT) for customer payments? (Choose two.) A. Direct Debit B. Routing Number C. Bank Account Payment Description D. Bank Name E. Payment File Format
  5. Identify the steps for valuing an inventory item using the Standard Cost Costing method?
  6. Rollup Standard Costs.
  7. Enter Standard Cost at sublist level.
  8. Revalue inventory and update Standard Costs. A. 2, 3, 1 B. 3, 1, 2 C. 1, 3, 2 D. 2, 1, 3
  9. Which preference: must be selected for a company to bill their customers ahead of shipping goods? A. Fulfillment Requests B. Invoice in Advance of Fulfillment C. Advanced Billing D. Advanced Shipping
  10. Which SQL function helps a user to retrieve values based on different conditions? A. Case or Case When B. Datetime Functions C. Analytic and Aggregate D. NULL-Related
  1. Which account type can be merged after setup? A. Accounts Receivable B. Bank C. Account Payable D. Summary
  2. Which setup option can be used as a default Intercompany Journal Entry Auto Balance Account? A. An account that can be used in multiple currencies B. A Summary account C. An account restricted to a currency D. An account restricted to the Parent Subsidiary
  3. Which statement is true when configuring the default Vendor Prepayment Account? A. The Vendor Prepayment Account set at the subsidiary level takes precedence over the Vendor Prepayment Account set at the company level. B. The Vendor Prepayment Account set at the company level takes precedence over the Vendor Prepayment Account set at the subsidiary level. C. The Vendor Prepayment Account set at the subsidiary level takes precedence over the Vendor Prepayment Account set at the vendor level. D. The Vendor Prepayment Account set at the vendor level takes precedence over the Vendor Prepayment Account set at the subsidiary level.
  4. Which requirement requires using SuiteScript rather than SuiteFlow? A. Sending a customer survey when clicking a button. B. Creating a custom approval process on Sales Order records. C. Creating a task for the Sales Rep when saving Opportunity. D. Setting the value of a multi-select field on an existing Customer record.
  5. A Custom Role cannot view a Custom Field on an Entity Form, which of the following permissions need to be assigned in order to be able to view it? A. Record Custom Entry B. Record Custom Entity Field C. Record Entity Field D. Record Custom Field
  6. When creating Matrix Items, which field lists are used to populate the Matrix Item Name Template? (Choose two.) A. Insert Item Attribute B. Insert Matrix Option C. Insert Item Option D. Insert Item Properties
  7. A company is using the Multiple Currencies feature. Which account type allows Revalue Open Balance for Foreign Currency Transactions? A. Cost of Goods Sold B. Income C. Expense D. Other Current Asset
  1. Which search expression would yield abctestdrive? A. CONCAT (‘abc’, ‘test’, ‘drive’) B. ‘abc’||‘test’||‘drive’ C. abc, test, drive D. CONCAT (‘abc’‘test’‘drive’)
  2. 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.
  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.
  4. 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.
  5. Which value is recommended when creating a custom field that will be leveraged in SuiteScript? A. Field Help B. Custom ID C. Use Encrypted Format D. Global Search E. Show in List
  6. What are two (2) advantages of using the Inbound Shipment Management Tool? (Choose two.) A. Ship to several addresses using different shipping methods on the same transaction. B. Accounts for in-transit inventory and status across an organization. C. Users can create a single Item Receipt for all Purchase Order in an Inbound Shipment. D. Drop Shipment for a Purchase Order is supported. E. Apply landed costs to an entire shipment rather than individual item receipts.
  7. Which statement is true for users assigned to a role where the Do Not Restrict Employee Fields is checked for that role? A. Users can see all cases, regardless of assignment. B. Users can select a Support Rep in a Support Rep drop-down field on a different team. C. Users have access to fields on other Employee records. D. Users can view quota and forecast for Sales Reps on a different team.
  1. Which statement is a correct comparison of Saved Searches and Reports? A. Standard Key Performance Indicators are based only on Saved Searches. B. Users can edit transactions or records in custom reports without drilling down into the record +rst. C. Saved Searches and Reports can use formulas with complex expressions, such as SQL functions. D. Reports allow edit Layouts for Financial Reporting.
  2. A client wants to track product lines within their financials, which exist inside of their business units. Which native segment supports this requirement? A. Create Departments to align with General Ledger accounts. B. Create Locations for each product line. C. Create Revenue Streams as Location. D. Create Classes to associate with Items.
  3. Which NetSuite Managed Bundle automatically provisions VAT/GST tax codes when adding a new country nexus (other than US/Canada)? A. International Tax Reports B. OneWorld Taxes C. Supplementary Tax Calculation D. Global Tax Calculator
  4. 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.
  5. Which default recognition methods are available when creating a new revenue recognition rule? (Choose two.) A. Straight-line, prorate all periods except first and last (period rate) B. Straight-line, by even periods C. Straight-line by exact periods D. Straight-line, prorate first and last period (period rate)
  6. Which is an alternative to assigning values while running a CSV Import? A. Overwrite Missing Fields B. Overwrite Existing Fields C. Overwrite Sublists D. Overwrite Null Values
  7. An item has Alternate Price 1 and Alternate Price 2 defined. If there are no price levels assigned on a Customer record, which price level will be used on Sales Orders? A. Base Price B. Alternate Price 1 C. Custom Price D. Alternate Price 2
  1. Which statement is true about setting up Multi-Currency Customers? A. Customers can have up to 25 transaction currencies. B. Customers can have an unlimited number of transaction currencies. C. Customers are limited to the currencies of the subsidiary they are linked to. D. Customers can have up to 10 transaction currencies.
  2. If a NetSuite Administrator creates a saved search in a Sandbox account, which tool should the Administrator use to copy the search into a Production account? A. Configuration Bundle B. SuiteTalk C. CSV Import D. Customization Bundle
  3. 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.
  4. Which filter is required when setting up a Transaction Saved Search for Invoice Payment File Generation? A. Status B. Main Line C. Customer: Inactive D. Reversal Number
  5. 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
  6. 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.
  7. An inventory manager is trying to upload assembly items for the first time using the Multiple Files to Upload preference; however, they keep getting the error “Please Select member items before submitting.” How might the inventory manager troubleshoot the error? A. Ensure that the item form is not set to Inactive when performing the import. B. Ensure that member items values are greater than 1 in the Quantity field. C. Review the mapping so that linked columns match correctly in the import. D. Review Data Handling options and ensure that it is set to Update.
  1. When using Multi-Book Accounting, which statement is true about the period end close process? A. Permits processing the period end close for all books, even is the period close status varies. B. Permits processing the period end close for all Accounting Books and requires closing the Tax book separately. C. Require closing each book individually, regardless of the period end close status. D. Permits processing the period end close for all book with the same close status.
  2. Which accounting impacts result from building an assembly? (Choose two.) A. Increase Asset accounts of the Assembly item’s components B. Decrease Asset accounts of the Assembly item’s components C. Decrease Cost of Goods Sold account of the Assembly Item D. Increase Cost of Goods Sold accounts of the Assembly item’s components E. Increase Asset account of the Assembly Item
  3. General Systems has customers who purchased customer support. These customers will be assigned a support rep. To configure the drop-down list of support reps, a custom field must be created. What are the correct steps and field values to enter in the Sourcing & Filtering subtab? A. 1. Filter Using = Is Support Rep
  4. Is Checked = Yes
  5. Compare Type = Equal B. 1. Is Checked = Yes
  6. Filter Using = Is Rep
  7. Compare Type = Not Equal C. 1. Compare Type = Equal
  8. Is Checked = False
  9. Filter Using = Is Support Rep D. 1. Filter Using = Is Employee
  10. Is Checked = True
  11. Compare Type = Less than or equal to
  12. Which scenario requires an Advanced Electronic Bank Payments license? A. Customize Payment File Template for Positive Pay B. Automate processing of payments in batches C. Rollback of Payment File Administration D. Aggregate bills to a single payment
  13. Which portlet shows all bill pending your approval? A. Scorecard B. Reminder Portlet C. Custom List D. Custom Search
  14. Three months after going live in NetSuite, an Administrator wishes to change the Field Type of a Custom Entity field from List/Record to Multiple Select, using the same List/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.