Question No:01
Which two statements are true about the cross-charge method, Borrowed and Lent?
A. This method creates accounting entries that move an amount equal to the transfer price between the
provider and receiver organizations within a legal entity.
B. Costs or revenue are shared based on transfer price rules with this method.
C. You must set up the contract business unit to use this method.
D. This method creates a formal internal invoice.
Answer: A B
Question No:02
Identify the precedence order in which cost rates are determined for a planning resource when deriving raw costs for rate-based planning resources. (Choose the best answer.)
A. Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule
B. Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate
C. Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule
D. Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule
E. Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule
Answer: D
Question No:03
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
Answer: D
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
Answer: D
Question No:04
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
Answer: C
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
Answer: C
Question No:05
Your customer wants to assign the Net 45 payment term to all sets except for the corporate business unit specific set, which is assigned the Net 15 payment term. At transaction entry, the list of values for payment terms consists of only one set of data: the set that is assigned to the transaction's business
unit.Which reference data sharing method would you set up to meet the customer requirement? (Choose the best answer.)
A. assignment to one set only with common values
B. assignment to one set only; no common values allowed
C. assignment to multiple sets; common values allowed
D. assignment to multiple sets; no common values allowed
Answer: D
Your customer wants to assign the Net 45 payment term to all sets except for the corporate business unit specific set, which is assigned the Net 15 payment term. At transaction entry, the list of values for payment terms consists of only one set of data: the set that is assigned to the transaction's business
unit.Which reference data sharing method would you set up to meet the customer requirement? (Choose the best answer.)
A. assignment to one set only with common values
B. assignment to one set only; no common values allowed
C. assignment to multiple sets; common values allowed
D. assignment to multiple sets; no common values allowed
Answer: D
