Oracle 1z0-1008 Practice Exam 2021

NEW QUESTION 1
You have four resources in your organization: P, Q, R, and S. Resource P – Project or resource calendar is active.
Resource Q – Project resource request dates are within the project or resource calendar effective dates.
Resource R – Resource calendar is complex, it does not contain seven days, and it contains more than one pattern and shift.
Resource S – Number of working days within the requested date range is not zero on the project or resource calendar.
Identify the resource for whom Resource Availability Capacity Score will not be calculated. (Choose the best answer.)

• A. P
• B. Q
• C. R
• D. S

Answer: C

NEW QUESTION 2
Which three setups can be configured by using Rapid Implementation for Project Financial Management Applications?

• A. Departments
• B. Expenditure Types
• C. Project Templates
• D. Project Types

Answer: ABD

NEW QUESTION 3
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.)

• A. spread evenly
• B. target percentage and prorate
• C. target percentage and spread evenly
• D. prorate

Answer: A

NEW QUESTION 4
You create a project schedule with a Shifts element. Identify two more elements that can be part of a project schedule. (Choose two.)

• A. Exceptions
• B. Accounting Calendar
• C. Workday Patterns
• D. Time Off
• E. Expenditure Type

Answer: AC

Explanation:
Reference:
https://docs.oracle.com/cloud/latest/projectcs_gs/FAPFM/FAPFM1192914.htm

NEW QUESTION 5
Identify the valid approval group type applicable to Oracle Project Financial Management Cloud.
(Choose the best answer.)

• A. Position
• B. Dynamic
• C. Static
• D. Flexfield
• E. Job

Answer: D

NEW QUESTION 6
Identify two correct role templates available on the Oracle Entitlement Server to generate roles for
Project Organization Security. (Choose two.)

• A. Project Manager Template for Project Organization Security
• B. Project Administrator Template for Project Organization Security
• C. Project Creator Template for Project Organization Security
• D. Project Accountant Template for Project Organization Security
• E. Project Billing Specialist Template for Project Organization Security

Answer: AD

Explanation:
Reference:
https://docs.oracle.com/cloud/latest/common/FASER/FASER2406048.htm#FASER2406048

NEW QUESTION 7
You have been asked to set up one active person, who is not a team member in the project, as a
quality manager for each quality task created under projects. However, when you try to assign the quality manager as Task Manager, you cannot find the person's name in the list of values. What is the reason for this problem? (Choose the best answer.)

• A. The “Require Task Managers to be Project Team Members” profile option is set to No.
• B. The “Require Task Managers to be Project Team Members” profile option is set to Yes.
• C. The quality manager belongs to a department that is not associated with the project.
• D. The quality manager is not assigned with a supervisor.

Answer: A

NEW QUESTION 8
Identify the attribute of a project type that determines if expenditure items are billable, and the amount type to be used as the basis for transfer pricing. (Choose the best answer.)

• A. work type
• B. event type
• C. cost type
• D. expenditure type

Answer: A

Explanation:
Reference: https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125361.htm#OAPFM1125277
(what’s a work type?)

NEW QUESTION 9
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

Answer: BC

Explanation:
Reference: https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_87F467307D50416BE040D30A68816855

NEW QUESTION 10
Your customer wants a project start date to cascade to the project tasks, but does not want the finish
date to be cascaded. Identify the default setup in a project template that can be used to enable this. (Choose the best answer.)

• A. Cascade change to the start date.
• B. Do not cascade date changes.
• C. Cascade change to the finish date.
• D. Cascade change to the start date and the finish date.

Answer: B

Explanation:
Reference:
http://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20384/F552279AN65801.htm

NEW QUESTION 11
Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page. An HCM person is included in a condition with a process order value of 1 and, additionally, there are three other conditions, all with a process order value of 10. Identify two correct statements about the Maintain Project Enterprise Labor Resources process as it relates to process order values. (Choose two.)

• A. The process creates a resource by using the conditions with a process order value of 10, but does not create more than one resource for the same person even if subsequent conditions apply to the person.
• B. For the three conditions that have the same process order value of 10, the records are processed in ascending alphabetic order based on the condition name.
• C. For the three conditions that have the same process order value of 10, the records are processed in ascending numeric order based on the condition name.
• D. The process creates a resource by using the condition with a process order value of 1, but does not create more than one resource for the same person even if subsequent conditions apply to the person.

Answer: AB

Explanation:
Reference: https://docs.oracle.com/cloud/latest/projectcs_gs/OAPEX/OAPEX1082603.htm#OAPEX1082584

NEW QUESTION 12
Which three file-based data imports are available for use in Oracle Project Portfolio Management
Cloud?

• A. Project Budgets
• B. Project Tasks
• C. Project Billing Events
• D. Project Templates

Answer: BCD

NEW QUESTION 13
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: C

NEW QUESTION 14
You are implementing Project Portfolio Management for a global professional services organization. In their Consulting Services line of business, it is common to use resources from different business units based on the skills required. Therefore, cross-charge transactions happen between business units within the same legal entity. Transfer price calculations need to be based on raw costs, with no further adjustments to transfer price.
Identify two setups that can drive this borrowed and lent agreement. (Choose two.)

• A. Transfer price basis must be Raw Cost and calculation method must be Basis Only.
• B. Transfer price basis must be Burdened Cost, and calculation method must be Burden Rate Schedule.
• C. A document entry such as straight time must be enabled for cross-charge transactions.
• D. Transfer price basis must be Raw Cost and calculation method must be Rate Schedule.

Answer: BC

NEW QUESTION 15
Your client organization has recently undergone a restructuring exercise that has resulted in the creation of new jobs. The Resource Breakdown Structure (RBS) was previously created with existing jobs, and now the new jobs have been added to the existing Resource Breakdown Structure.
Identify the correct statement about the RBS and new resources. (Choose the best answer.)

• A. If the “Allow resource changes at project level” option is set to No, the new resources and resource formats that are added to a Planning Resource Breakdown Structure for one project are not available for other projects.
• B. If the “Allow resource changes at project level” option is set to No for the RBS, then the resources added to the Planning Resource Breakdown Structure are automatically available for use on the projects.
• C. If the “Allow resource changes at project level” option is set to Yes for the RBS, the new resources are available automatically at project level.
• D. If the “Allow resource changes at project level” option is enabled for the RBS, the new resources added at project level are automatically reflected in the RBS.

Answer: B

NEW QUESTION 16
You are now the project manager of a newly created implementation project. Which two items are
not part of managing an implementation project?

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

Answer: A

NEW QUESTION 17
Which two statements describe how the Resource Qualification Score is calculated?

• A. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource does not have the qualification.
• B. An individual's score is 100% if the resource request has a qualification, but no proficiency is specified and the resource has the qualification.
• C. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification that meets the specified proficiency.
• D. An individual's score is 100% if the resource request has a qualification with a specified proficiency and the resource has the qualification with a proficiency that is lower or higher than specified.

Answer: CD

NEW QUESTION 18
Your client has implemented Oracle Cloud Applications with their United States business unit and United Kingdom business unit. After six months, they acquired another company in China and added a China business unit. A project accountant in your organization is authorized to access transactions for the US, UK, and China business units. The project accountant can see the transactions for the US and UK business units but not for the China business unit.
Why is he not able to see the transactions for the China business unit? (Choose the best answer.)

• A. The application role relevant to the China business unit is not assigned to the project accountant.
• B. The project accountant is not assigned to the external role that grants access to the China business unit.
• C. The US and UK business units are linked to different ledgers than the China business unit.
• D. The China business unit is associated with a different legal entity than the US and UK business units.

Answer: D

NEW QUESTION 19
You cannot generate invoices for a project expenditure item. After running the Generate Invoices program for a billable expenditure item and active contract, the process completes successfully but without any billing, and does not provide any error logs.
The program’s processing summary is as follows: Billing Event Errors 0
Ineligible Contracts 0
Successfully Billing Events Created 0 Ineligible Contract Lines 0
Billing Transaction Exception Errors 0 Ineligible Bill Plans 0
Billing Transaction Exception Warnings 0 Ineligible Associated Projects 0 Successful Billing Transactions 0 Ineligible Expenditure Items 0
Draft Invoice Exception Errors 0 Ineligible Events 0
Draft Invoice Exception Warnings 0 Successful Draft Invoices 0
What was the invoice method classification set to that caused this behavior? (Choose the best answer.)

• A. Amount Based
• B. Rate Based
• C. As Incurred
• D. Percent Complete

Answer: A

Explanation:
Reference:
https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJB/F1087458AN139C2.htm

NEW QUESTION 20
In a Project Draft Invoice preview, quantity (hours) and unit price (bill rate) are shown as fields on the invoice. Quantity and unit price are then used to calculate the line total, then the total price of the invoice. After the invoice is transferred or created in Receivables, the invoice detail has a quantity of 1, and a unit price equal to the line total. The detailed Unit Price/Quantity does not come through on the Receivables invoice.
Identify the correct statement about details in the receivables invoice. (Choose the best answer.)

• A. The project sends only the invoice header and invoice line description to Receivables, not the invoice distributions.
• B. The project sends the invoice header, invoice line description, and the invoice distributions to Receivables.
• C. The project sends only the invoice header to Receivables, not the invoice line description and distributions.
• D. The project sends the invoice line description and the invoice distributions to Receivables, but notthe invoice header.

Answer: B

NEW QUESTION 21
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