1z0-1057 Free Practice Test

You have defined two expenditure types, but they are not available for selection when you enter an expenditure batch. Identify the reason for this problem. (Choose the best answer.)

1. A. The two expenditure types are not assigned to the reference data set that is assigned to the project unitin which the transaction is performed.
2. B. The two expenditure types are not assigned to the reference data set that is assigned to the project-owning organization in which the transaction is performed.
3. C. The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.
4. D. The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.

Correct Answer: A
Ref: Implementing-Project-Financial-Management-and-Grants-Management.pdf (19A Part # F11256-01) Chapter 3 – Define Project Organizations

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.)

1. A. Funding source class category is assigned to all project types.
2. B. Funding source class category is not enabled for “available as accounting source”.
3. C. Product class category is not enabled for “available as accounting source”.
4. D. Funding source class category is enabled for “available as accounting source”.

Correct Answer: B
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19b/oapfm/project-foundation-configuratio

Your company creates a separate project for infrastructure services, so as to track these costs separately and then allocate to various projects that use the services of the infrastructure team. You want to allocate these costs by first attributing a fixed percentage of the source amount to each project and then spread it across tasks based on the actual labor hours charged to each task.
Which allocation basis method would you use to meet this requirement? (Choose the best answer.)

1. A. spread evenly
2. B. target percentage and prorate
3. C. target percentage and spread evenly
4. D. prorate

Correct Answer: B
Ref:
https://docs.oracle.com/en/cloud/saas/project-portfolio-management/19a/oapjc/allocate-project-costs.html#OAP
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You are now the project manager of a newly created implementation project. Which two items are not part of managing an implementation project?

1. A. Assign tasks to various users who are responsible for managing setup data.
2. B. Monitor the progress of completing setup tasks.
3. C. Select the offering you want to implement.
4. D. Generate a list of setup tasks.
5. E. Enable optional functional areas and features by opting in.

Correct Answer: AD

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.)

1. A. Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule
2. B. Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate
3. C. Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule
4. D. Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule
5. E. Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule

Correct Answer: D
Reference https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_8718794B26A7BB93E040D30A688149A3