Online Access Free CPQ-201 Practice Test

An Admin has set up a Quantity Editable Product. The user can add the product to the Quote and adjust the Quantity on the Quote Line. When the user navigates to the Opportunity and inspects to the Opportunity Product, the user only sees the Quantity on 1 on the Opportunity Product.
What are two reasons why the Opportunity Product record has a Quantity of 1? Choose 2 answers

• A.The Product is associated to a Product Option with the Type field value equal to Component.
• B.The Product's Default Quantity field value is equal to 1.
• C.The Product has an associated Slab Discount Schedule.
• D.The Product's Pricing Method field value is equal to Block.

An Admin wants to generate one Asset record for each Quantity of a new Product. Currently, zero Asset records are generated for this Product when included on Quotes that are Contracted.
Which setting should the Admin change to meet the business requirement?

• A.Set the Product field Asset Amendment Behavior picklist to Allow Refund.
• B.Set the Product field Asset Conversion picklist to One per Unit.
• C.Set the Account field Renewal Model to Asset Based.
• D.Set the CPQ Package setting Renewal Model to Asset Based.

A User at Universal Containers has created a Quote with two Products. Product A has a value of Fixed Price for Subscription Pricing. Products A and B have Asset Conversion populated. Both Products have a Quantity of two. Which two are potential outcomes when the Opportunity associated with the Quote is contracted?

• A.One Subscription record and two Asset records will be created.
• B.One Subscription record and an Asset record will be created.
• C.Two Subscription records and an Asset record will be created.
• D.Two Subscription records and two Assets records will be created.

User A at Universal Containers has an active quote with Company A.
Before the quote is finalized, however, Universal Containers enters into an agreement with Company A to always provide a 20% discount on one of the products that User A is quoting. An Admin has correctly configured the contracted price. When User A recalculates, however, the contracted price is not applied. What explains this behavior?

• A.The quote line for this product has Non Discountable checked.
• B.The User must press Refresh Prices to see the effect.
• C.The contracted price is only applied when adding a product.
• D.The User must set Allow Contracted Prices on their quote.

Universal Containers has a custom picklist filed with three values on their products. The Admin would like to create a Dynamic Bundle to display products if the picklist value matches that of a Configurations Attribute. How should the Admin create Filter Product Rules to meet the business requirement?

• A.Create three rules, each with two conditions that compare the configuration attribute with a static value and the product field.
• B.Create one rule with three conditions, each that compares the configuration attribute filed with a static value.
• C.Create three rules, each with one condition that compares the product field with the Configuration attribute filed.
• D.Create one rule with one condition that compares the product field with the configuration attribute filed.