Online Access Free 1Z1-1006 Practice Test

There are a few customers that you do not want to send dunning letters to.
How would you exclude these customers from dunning?

• A.Disable Send Dunning Letter in Transaction Type.
• B.Disable Send Dunning Letter on the Profile tab.
• C.Disable Send Dunning Letter in Transaction Source Type.
• D.Disable Send Dunning Letter on the Correspondence tab.
• E.Disable Send Dunning Letter in Collections Preferences.

What are the three seeded contract configuration rules that Revenue Management provides to automatically create contracts? (Choose three.)

• A.by Source Document and time frame
• B.by Source Document Line andtime frame
• C.by Item and time frame
• D.by Customer and time frame
• E.by Quote Number and time frame

You have created a sales invoice for $900 USD with an item line of $750 USD and a tax rate of 20%. The customer has made a payment of $500 USD and you are required to process the cash application to apply the
$500 USD to the item line and $0 USD to tax.
How would you achieve this?

• A.Set the payment terms revenue recognition policy to look for Line First and Tax Later.
• B.Set the credit classification revenue recognition policy to look for Line First and Tax Later.
• C.Create a Memo Line or receivable activity to have the check box selected for Apply Item Line First.
• D.Set Application Rule Set to Line First--Tax After at the transaction source level and/or a default value at the receipt method.
• E.Set Application Rule Set to Line First--Tax After at the transaction type level and/or a default value at system options.

You are not able to initiate a bankruptcy request at the customer site level on behalf of a customer.
Which two conditions are failing? (Choose two.)

• A.The Collections Administrator creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should have the Collection Manager and Customer Profile Administrator roles assigned.
• B.Bankruptcy must be applied at the customer level, which includes all transactions at the customer, account, and Site levels.
• C.Preferences must be enabled and Enable Bankruptcy must be set to Yes for the customer.
• D.The Collections Manager creates a bankruptcy request in the Customer Relationship Management (CRM) application and a collector should be configured as a resource.
• E.The customer does not have the default strategy and default collector assigned at the customer account and site level.
• F.Preferences must be enabled and Enable Bankruptcy must be set to Yes in Manage Collections Preferences in the Functional Setup Manager for Advanced Collections.

When running the delinquency process for a customer, the business unit for which you want to run the process does not appear in the drop-down menu.
Identify the action that you need to take.

• A.Only business units that the user has access to will appear in the list of values. Modify the security options to provide access to the user.
• B.Business unit is not a required option on the Parameters tab to run the delinquency process.
• C.Click the Settings button to apply appropriate settings so that the business unit appears in the drop-down menu.
• D.Select the check box to enter the default business unit if it does not appear in the drop-down menu.