Online 1Z0-1057-24 Practice Test

Question 1

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

Options :

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: C,D

Question 2

You are managing a project based on a Waterfall model. You define a project and a project plan in Oracle Project Management with tasks and subtasks applicable to each of the phases of the project: Initiation, Discovery, Design, Build, Test, and Deploy. As a project manager, you want to define deliverables for your project requirements that are elucidated during the Discovery phase of your project. You now want to understand how the inheritance between requirements, tasks, and deliverables works.

Which two are correct statements in this scenario? (Choose two.)

Options :

A : The association of a deliverable with a task is dependent on associating a requirement with a task.

B : You associate a deliverable with a task independent of associating a requirement with a task.

C : A deliverable associated with a requirement is automatically associated with the tasks created for that requirement.

D : A deliverable associated with a requirement is not automatically associated with the tasks created for that requirement.

Answer: A,D

Question 3

A consulting services company is currently working on a business transformation project for your client that spans over 10 months. The total contract amount is 250000 USD. They have generated a revenue of 25000 USD and an Invoice of 10000 USD at the end of the first period. The accounting entry for revenue is:

What will be the accounting entry when you reclassify the billing offset balances in the first period?

Options :

A :

Dr Deferred Revenue 10000

Cr Unbilled Receivables 10000

B :

Dr Accounts Receivables 10000

Cr Unbilled Receivables 10000

C :

Dr Unbilled Receivables 10000

Cr Accounts Receivables 10000

D :

Dr Accounts Receivables 10000

Cr Revenue 10000

Answer: C

Question 4

Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types. Identify the setup required to enable this kind of revenue recognition. (Choose the best answer.)

Options :

A : Create a revenue method with a revenue method classification of Amount Based.

B : Create a revenue method with a revenue method classification of Rate Based.

C : Create a revenue method classification with a revenue method of Percent Spent.

D : Create a revenue method classification with a revenue method of Percent Complete.

Answer: B

Question 5

Stigma Consulting wants to implement the program management capability to coordinate and track their strategic programs. Which three components are required to configure the program options as part of implementing the program management capability? (Choose three.)

Options :

A : Calendar

B : Calculation Methods

C : Derivation Methods

D : Currencies

E : Accounting Methods

Answer: A,C

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