TESTED 02 Apr
1Z0-1057-23 Online Practice Questions and Answers
You recently made some changes to a project contract and the current status of the contract is Under Amendment. Identify the correct sequence of activities that can take place on that contract. (Choose the best answer.)
A. On Hold > Pending Acceptance > Active
B. On Hold > Pending Approval > Active
C. Pending Approval > Pending Acceptance > Active
D. Pending Acceptance > Pending Approval > Active
What are three configuration items that you need to set up by using the Project Organizations functional area in Project Financial Management configurations? (Choose three.)
A. Manage Project Unit Organizations
B. Mange Business Unit
C. Manage Project Organization Classifications
D. Mange Project Types
E. Manage Project Unit Options
You have a billable project for which the following details are provided: Associated Inception-To-Date (ITD) Project Actual Cost: USD 60
Associated Project Budgeted Cost: USD 300
Contract Amount: USD 1000
Project Funded Amount: USD 750
Sum of Existing Revenue Events: USD 80
Identify the Associated Project Spent revenue that will get generated based on the preceding details. (Choose the best answer.)
A. USD 184
B. USD 120
C. USD 134
D. USD 70
Which three can be tracked as Status tracking for Project Invoice Approval Notifications? (Choose three.)
A. Person assigned for approval
B. Prior actions
C. Pre-approval activities
D. Date-wise updates to the document
E. Persons with whom it is still pending approval
Your customer accounts revenue based on, product class category. Because all your customer's projects are funded by private and government institutions, they decide to classify all projects based on their funding source to accurately report on revenue in General Ledger. Accordingly, you create a new class category "Funding Source" and assign it to all projects. However, you notice that the accounting is still happening based on product class category. Identify the reason for this problem. (Choose the best answer.)
A. Funding source class category is assigned to all project types.
B. Funding source class category is not enabled for "available as accounting source".
C. Product class category is not enabled for "available as accounting source".
D. Funding source class category is enabled for "available as accounting source".
Your customer wants to see how quantity, cost, and revenue amounts are automatically distributed by using Spread Curve. Identify two period options that are available for this purpose. (Choose two.)
A. Calendar Types
B. Project Accounting Periods
C. Accounting Periods
D. PA Calendar
E. PA-GL Periods
Which application generates external roles to grant both function and data security? ( Choose the best answer.)
A. Authorization Policy Manager
B. Oracle Identity Manager
C. Business Process Manager
D. Functional Setup Manager
After completing setups in a source environment, your customer wants to move the setup data to a target environment. Identify the two statements related to task list scope, which you must consider before taking a decision based on the customer requirement. (Choose two.)
A. Exported setup data can be filtered by specific scope values if the business object has scope enabled for the setup data export.
B. Exported setup data cannot be filtered by specific scope values if the business object has scope enabled for the setup data export.
C. A scope value is used to assign users who can perform a task within an implementation project.
D. A task list can be segmented by a scope value and a task can be performed for each qualifying value of the selected object.
Your customer has the following setups on the project plan type that they are using for their projects:
Use Task Planned Dates as Task Assignment Dates = Yes
Automatically Roll Up Task Planned Dates = Yes
Synchronize Task Transaction Dates with Planned Dates = No
With these setups in place, you perform the following actions:
1.
Create a new subtask (Sub Task 1) with a start date of 15-Jun-2016 on the project that has as start date of 01-Jul-2016.
2.
Create another new subtask (Sub Task 2) after the previous action is saved.
What would the correct behavior of the application be after these actions? (Choose the best answer.)
A. After the creation of Sub Task 1, Project Start Date would remain unchanged as 01-Jul-2016 and Sub Task 2 would be created with 15-Jun-2016.
B. After the creation and saving of Sub Task 1, Task Start Date would be changed to 01-Jul-2016 and Sub Task 2 would be created with 01-Jul-2016.
C. After the creation of Sub Task 1, Project Start Date would be changed to 15-Jun-2016 and Sub Task 2 would be created with 15-Jun-2016.
D. Project Start Date would remain unchanged as 01-Jul-2016 for both actions but the start dates on both subtasks would remain 15-Jun-2016.
Your organization has been awarded a new contract based on which you are allowed to sell:
Items not tracked in inventory Inventory items Services
Which contract structure would fulfill your requirement of item sales? (Choose the best answer.)
A. Create two contract lines with a line type each of "free-form, project-based buy agreement" and "bundle sell, project-based".
B. Create two contract lines with a line type each of "sell intent, free-form, project-based " and "sell intent, item, project-based".
C. Create two contract lines with a line type each of "product, project-based, sell agreement, standalone" and "sell intent, item, project-based".
D. Create two contract lines with a line type each of "sell intent, item, project-based' and "subscription, project-based, sell".
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