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Exam Code: L3M1
Exam Name: Procurement and Supply Environments
Vendor: CIPS

60 Questions & Answers
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NEW QUESTION: 1
You can calculate sales tax in SAP Supplier Relationship Management (SAP SRM).
The tax is calculated when you create a shopping cart, enter a purchase order, or enter an invoice or a credit memo.
A. False
B. True
Answer: B
Explanation:
Explanation/Reference:
You can use the tax calculation functions in the following applications:
Create Shopping Cart
The system determines a tax indicator. You can change the default tax indicator. You can display the tax amounts per item and as total amount. You can define whether the tax amount is to be taken into account with approval using workflow.
Process Purchase Order
You can change the default tax indicator. The system calculates the tax on the basis of the current data. You can display the tax amounts per item and as total amount.
Enter Invoice
You can change the default tax indicator. Depending on the legal requirements, the system calculates the taxes either per item or as a total amount. In addition, you can enter the taxes manually for each tax code or as a total tax amount.
Enter Credit Memo
You can change the default tax indicator. Depending on the legal requirements, the system calculates the taxes either per item or as a total amount. In addition, you can enter the taxes manually for each tax code or as a total tax amount.
Evaluated Receipt Settlement
Tax is recalculated. You define the tax code in the purchase order.
Tax calculation can occur in the following systems: Back-end system: Tax calculation occurs in the financial accounting system External tax system Customer-specific implementation: Calculation occurs in SAP SRM SAP Transaction Tax Engine (TTE)
----

NEW QUESTION: 2

A. Option E
B. Option B
C. Option A
D. Option C
E. Option D
Answer: A,B,C
Explanation:
If you make reservations for your virtual machine's that are equal to the amount of RAM assigned to them, swapping and page sharing does not occur. You can over commit pretty heavily if you are comfortable with poorer performance. If you do not set reservations, ESX host creates a .vswp file equal to the difference between the amount of physical memory assigned to the virtual machine and the reservation it has. By default, memory reservations are set to 0. If you have a virtual machine with 2GB of memory without a reservation, it creates a 2GB .vswpfile when it is powered on. The virtual machine starts using the .vswp file if the server is out of physical RAM. If you set a 1GB reservation, it creates a 1GB .vswp file. The .vswp files are what allows for memory overcommitment.

NEW QUESTION: 3
Midway through construction of a power plant the client realizes that there are many supporting businesses that can be created to support the plants operations once it is functioning The client wants to start another project to ensure that the opportunities for these new businesses are captured What type of risk response does this describe'?
A. Escalate
B. Enhance
C. Exploit
D. Mitigate
Answer: C


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