Landed Costs and Receiving — Assessment

1. Why is receiving also a cost event?

It creates the vendor invoice automatically upon scan It confirms goods, quantities, condition, and evidence used for cost control It only updates the purchase order status without affecting stock cost It transfers ownership of items to the finance team immediately

2. What should a vendor invoice be checked against?

Purchase order and received goods Only a course badge Only the cashier name Only a public page

3. Which is an example of landed cost?

A payment term adjustment agreed after delivery A tax credit refunded by customs at year end A bulk discount applied by the supplier before invoicing Freight, duty, clearing, or handling

4. Why allocate landed costs to items?

To produce truer item cost, margin, and valuation To erase purchase orders To avoid all finance review To make stock untraceable

5. What makes an allocation method defensible?

It changes every day It is consistent, documented, and matches how costs are incurred It is hidden from finance It ignores quantity and value

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