FREE AND STUDY GAMES ABOUT ITEMVENDOR EXAM

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FREE AND STUDY GAMES ABOUT ITEM/VENDOR EXAM

QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -273 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: (True or False) Bank-Assisted Financial Instrument is an approved collection method for Import Vendors?

Answer:

True. Only approved collection method Question 2: (Yes or No) If a vendor wants to edit something in their data before the buying decision, do they need to submit a tech ticket?

Answer:

No. They can edit it in Enrich.Question 3: Program type: STORE SOS - means what?

Answer:

one time order at the store (Could be PRO Desk orders) Question 4: (Yes or No) Should the consumer Unit Indicator be marked Yes or No for the Each Level that will be sold to the customer?

Answer:

Yes

Question 5: (True or False) A Canada vendor can use a W8 and have a US tax id?

Answer:

True Question 6: (True or False) A Domestic Vendor can skip the tax section in profile - it's optional.

Answer:

False. Required for domestic vendors Question 7: Every additional REMIT VBU added to a Vendor must have which attributes:

• Different payment term, tax id, ship location
• Same payment term, tax id (optional), ship location
• Different payment term only, no tax, ship location"

Answer:

• different payment term, tax id, ship location

Question 8: What does Canada GST stand for?

• Government Sales tax
• Great Sales Tax
• Goods and Services Tax

Answer:

• Goods and Services Tax

Question 9: (True or False) Vendors can edit their Lowest Level Marketing Category.

Answer:

True

Question 10: What is the purpose of a VBT?

Answer:

to capture negotiated financial terms for the vendor with Lowes

Question 11: *BONUS POINT QUESTION*

True or False: RTV is the Lowe's standard return method for Imports?

Answer:

False. Dispose is Question 12: (True or False) We should perform a data reset in PCM on IMA items if data needs to be cleared.

Answer:

False. Tech is the only one that should clear any data from PCM.Question 13: Program type: STOCK/SOS- means what?

Answer:

The vendor has product in the store and online

Question 14: (Yes or No) Can a model number be 48 characters?

Answer:

No. A model can be no longer than 20 characters.Question 15: (Yes or No) Can a Vendor in Inactive Pending status be moved back to Active status?

Answer:

Yes

Question 16: What is CommerceHub now called?

• Rhyme
• Rithum
• Inventory Reach

Answer:

• Rithum

Question 17: (Yes or No) Can a vendor request to add an additional HOVBU to separate out Brand?

Answer:

No. New HOVBUs are for different payment terms or lower level RTV.

Question 18: (True or False) A vendor can get a new HO VBU because of Brands.

Answer:

False

Question 19: (Yes or No) Can a vendor use 3rd Party Shipping companies?

Answer:

Yes

Question 20: What is the character limitation for Vendor website?

Answer:

40 Characters Question 21: (Yes or No) Should our team (OM) process a Factor Banking application?

Answer:

No. They are handled by EFT/Accounting - Amanda Whittington's Team for domestic. Kelly Witherspoon for Import.Question 22: (Yes or No) Is there an indication on the Vendor profile that a vendor is from an Into the Blue event?

Answer:

Yes. It is noted in Assigned and also in the Program details.Question 23: Which one of these attributes can be editable by the Vendor post buying decision/setup?

• Hazmat Type

B. MAP

• Brand

Answer:

• Hazmat Type

Question 24: What is the character limitation for Vendor title?

Answer:

40 Characters