SUITEFOUNDATION practice question 11 of 25
Which three Item Types can be defined for Purchase, Resale, or Sale? (choose 3)
Full set: 190 questionsIn NetSuite, Service, Other Charge, and Non-inventory item types are specifically designed with the flexibility to be configured for different transaction types. On the item record for each of these types, there are distinct checkboxes labeled "For Purchase," "For Resale," and "For Sale." This allows an administrator to define precisely how the item can be used—whether it's a service bought from a vendor, a fee charged to a customer, or an item purchased and then sold without being tracked in inventory. This explicit configuration is a key feature of these item types.
C. Inventory Item: An Inventory Item's fundamental purpose is to be purchased, tracked in stock, and sold. It does not have the same definitional checkboxes because this behavior is inherent to the item type itself.
1. NetSuite Help Center, SuiteAnswers: Service Items (Answer ID: 8523). This document states, "You can create service items for sale, for resale, or for purchase. For example, you might create a service item for sale called 'Consulting' that you bill customers for by the hour. You might also create a service item for purchase called 'Subcontractor' that you pay vendors for."
2. NetSuite Help Center, SuiteAnswers: Other Charge Items (Answer ID: 8522). This source clarifies, "You can create other charge items for sale, for resale, or for purchase. For example, you might create an other charge item for sale called 'Setup Fee' that you bill customers for. You might also create an other charge item for purchase called 'Vendor Service' that you pay vendors for."
3. NetSuite Help Center, SuiteAnswers: Non-Inventory Items (Answer ID: 8521). This article specifies, "You can create non-inventory items for purchase, for resale, or for sale. For example, you might create a non-inventory item for purchase called 'Office Supplies' that you do not sell. You might also create a non-inventory item for resale called 'Widget' that you purchase and sell to customers."
4. NetSuite Help Center, SuiteAnswers: Creating Item Records (Answer ID: 9913). This guide provides an overview of item types and their uses, implicitly distinguishing the configurable nature of Service, Other Charge, and Non-Inventory items from the inherent nature of Inventory items.
Keep practicing
Take the free SUITEFOUNDATION practice test
Ten exam-style questions with answers and explanations, plus the exam facts and study guides.
More questions
Other SUITEFOUNDATION practice questions
- Question 1When is a user asked to answer a security question before they can log in to NetSuite?
- Question 2What kind of custom field can Administrators create to add a column on the Item sublist o…
- Question 3Which statement is true about Two-Factor Authentication?
- Question 4A user is trying to view a standard report in NetSuite. The report has been loading for t…
- Question 5Which action can be taken to optimize NetSuite's performance in a browser?
- Question 6Which feature requires a user to agree to the Mass Messaging Application Terms of Service?
