Online Access Free 1z1-964 Practice Test

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 for the RBS, then the resources added to the Planning Resource Breakdown Structure are automatically available for use on the projects.
• B.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.
• C.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.
• D.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.

You create a contract with two contract lines: Line 1 and Line 2. You create separate bill plans: A for contract Line 1 and B contract for Line 2, with a different bill set number (11 for Bill Plan A and 22 for Bill Plan B).
Then Bill Plan A is allocated against Project X - Task 10, and Bill Plan B is allocated against Project Y - Task
30.
Based on the preceding setup, you are generating invoices. Identify two correct statements about invoice generation in this scenario. (Choose two.)

• A.Two invoices are created using the same contract.
• B.Both the contract lines create only a single invoice because they are using the same contract.
• C.Invoice generation does not depend on bill plan. The invoices are created based on the contract line.
• D.Bill set number drives the grouping of transactions.

When implementing Project Performance Reporting, your customer has the following requirements:
* Every time a project cost is greater than or equal to a threshold, then the project should be shown as critical.
* As long as a project cost is less than the threshold, the project should be shown as on-track.
Which threshold level rule is ideal for this kind of KPI definition? (Choose the best answer.)

• A.multiple threshold level value
• B.single threshold level value
• C.multiple threshold levels
• D.single threshold level range

Your company uses an accounting calendar with periods that are identical to calendar months. A contract resource has been identified to work for six months on an accounting close cycle project. The resource is planned to start with 10 days left in the first period and to end 20 days into the last period. For the remaining periods, the resource must be loaded on all working days of the month. You are required to distribute the budget, forecast, and planning amounts across periods based on the task duration.
Which predefined spread curve must be used to meet this requirement? (Choose the best answer.)

• A.Bell Curve
• B.Even
• C.Back Loaded
• D.Daily Spread Basis
• E.S-Curve

A consulting services company is currently working on a business transformation project for your client, which spans multiple years. At the first period close, the consulting services company has recognized revenue and the accounting entry created is:
Dr Unbilled Receivables 40,000
Cr Revenue 40,000
At the end of the period, the client is sent an associated bill. What would be the corresponding invoice accounting entry? (Choose the best answer.)

• A.Dr Unearned Revenue 40,000Cr Accounts Receivables 40,000
• B.Dr Accounts Receivables 40,000Cr Revenue 40,000
• C.Dr Unearned Revenue 40,000Cr Revenue 40,000
• D.Dr Accounts Receivables 40,000Cr Unbilled Receivables 40,000