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 APS Dumps with Practice Exam Questions Answers

Questions: 100 Questions and Answers With Step-by-Step Explanation

Last Update: May 10, 2025

APS Question Includes: Single Choice Questions: 100,

APS Questions and Answers

Question # 1

In the U.S., what is the best way to verify a vendor’s business registration?

A.

Send a letter to the vendor requesting written confirmation that the registration is up-to-date

B.

Submit a request to the Internal Revenue Service to do a Form 1120 search

C.

Require a sworn affidavit from the vendor’s financial institution

D.

Check the database of the Secretary of State where the vendor is registered

Question # 2

The acronym “VAT” stands for:

A.

Value assessed tax

B.

Variable added tax

C.

Variable assessed tax

D.

Value added tax

Question # 3

Which of the following techniques is NOT recommended to help protect confidential data?

A.

When leaving your work area even briefly, lock your computer down

B.

Save reports to a portable USB drive and give that to the requestor instead of emailing them

C.

When approached at your desk, turn off your monitor and turn papers face down

D.

Shred unneeded paper documents or put them in a secure disposal container

Question # 4

Each of the following is a goal of a vendor management program, EXCEPT:

A.

Reducing duplicate payments

B.

Streamlining sales and use tax process

C.

Collecting spend information for procurement

D.

Compliance with laws and regulations

Question # 5

Which of the following is the purpose of FATCA?

A.

To ensure the privacy of individuals or organizations that bank outside of the U.S.

B.

To make the rules regarding reporting payments made to U.S. persons and non-U.S. persons more consistent

C.

To make it more difficult for individuals or organizations to avoid paying taxes by banking outside of the U.S.

D.

To respond to attempts by foreign governments to capture taxes on activities of U.S. persons in their countries

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