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1. What are the benefits of using the Clause Library? Note: There are 2 correct answers too this question.
A) Clause management can be streamlined.
B) Clauses can be marked "read only" in the contract document.
C) Clauses can be reused in different contracts.
D) Clauses can be controlled by visibility conditions.
2. What are the contract workspace types? Note: There are 3 correct answers to this question.
A) Contract workspace (Sales)
B) Contract workspace (Buying)
C) Contract workspace (Customer)
D) Contract workspace (Procurement)
E) Contract workspace (Internal)
3. Your customer wants a contract approval process that adds additional approvers as the contract amount hits a threshold.
How can this be configured in the system? Note: There are 2 correct answers to this question.
A) Create a condition to add approvers based on the contract amount.
B) Use a Team Member Rule file to add approvers based on the contract amount field.
C) Create a Approver Lookup File to add approvers based on the supervisor chain rule.
D) Create a new Approval Node within a new review task of the Contract Workspace.
4. Which contract documents store the lot and line item information that is copied over when a Contract Workspace is created from a sourcing event? Note: There are 2 correct answers to this question.
A) Contract Line Items Document
B) Main Agreement
C) Contract Addenda
D) Pricing Terms
5. In the default configuration, which Contract Workspace header field is an Editable Property and can be used just once in a contract document?
A) Commodity
B) Effective Date
C) Region
D) Supplier Name
Solutions:
| Question # 1 Answer: A,C | Question # 2 Answer: A,D,E | Question # 3 Answer: A | Question # 4 Answer: A,B | Question # 5 Answer: A |
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