Online Access Free 1z1-974 Practice Test

What is a contract modification?

• A.a revision or correction to the estimate of variable consideration made at inception
• B.a change (modification) to the contract data
• C.a change to the contract caused by negotiation with the customer
• D.an increase or decrease in expected collectability

A corporation uses a pricing policy that considers deal size to calculate price per unit for its products. For example:

Which Price Band Segment Label would be appropriate to use in this case?

• A.Amount Band
• B.Quantity Band
• C.Deal Size Band
• D.Set Band

A furniture store is running a promotion for a toaster with the purchase of a sofa or chair set. Data about the free toaster is not captured in any upstream application.
How should you handle this scenario In Revenue Management?

• A.Create the performance obligation for the toaster manually.
• B.Define an adhoc rule in the Revenue Price Profile to include the toaster.
• C.Define an Implied Performance Obligation Template to automatically add a performance obligation for the toaster.
• D.Ignore the performance obligation for the toaster because it was free of cost to the customer.

Given you can optionally use pricing bands to create standalone selling prices, which setting enables you to use pricing bands?

• A.when a pricing dimension structure Instance Is enabled for pricing bands
• B.when a pricing dimension structure is enabled for pricing bands
• C.when a source document type is enabled to use pricing bands
• D.when a value set segment label of Set Band is used

Which three tasks can be performed In the Revenue Management Work Area?

• A.Review Observed Standalone Selling Prices.
• B.Manage contracts in "Pending Review" status.
• C.Manage contracts in "Pending Allocation" status.
• D.Review Performance Satisfaction Plans.
• E.Edit Contract Identification Rules.
• F.Review Revenue Price Profiles.