NetSuite NETSUITE-ERP-CONSULTANT Online Practice Questions and Exam Preparation

NetSuite NETSUITE-ERP-CONSULTANT Online Questions & Answers

• Question 31:

  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
  B. Alternate Price 1

• Question 32:

  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)
  B. Straight-line, by even periods
  D. Straight-line, prorate first and last period (period rate)

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  Explanation/Reference:

  Reference: https://docs.oracle.com/cd/E60665_01/netsuitecs_gs/NSLRR/NSLRR.pdf (17)

• Question 33:

  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.
  A. Create Departments to align with General Ledger accounts.

• Question 34:

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

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

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  Explanation/Reference:

  Reference: https://www.youtube.com/watch?v=i0uPSBlmB78

• Question 35:

  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
  B. Custom ID

• Question 36:

  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.
  C. A Statistical Account is debit positive and not excluded from foreign currency translation.

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  Explanation/Reference:

  A statistical account is always debit positive, and is always excluded from foreign currency translation.

• Question 37:

  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.
  A. Enable the Vendor Return Authorizations feature
  C. Use the standard Vendor Activity report.

• Question 38:

  Which is valid permission level for Persist Search?

  A. Create
  B. View
  C. Edit
  D. Full
  A. Create

• Question 39:

  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
  D. 50

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  Explanation/Reference:

  Reference: https://netsuiteblogs.curiousrubik.com/how-to-setup-and-use-quantity-pricing- in-netsuite

• Question 40:

  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.
  C. Only records created after the change will see the field as Multiple Select.
  D. Editing existing records will require selecting multiple values.
  C. Only records created after the change will see the field as Multiple Select.

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  Explanation/Reference:

  Reference: https://www.netsuite.com/portal/common/pdf/suite-builder-guide.pdf (34)