Oracle 1Z0-1008 Online Practice Questions and Exam Preparation

Oracle 1Z0-1008 Online Questions & Answers

• Question 1:

  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 for contract 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.

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

• Question 2:

  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.

  A. Create a revenue method with a revenue method classification of Amount Based.
  B. Create a revenue method classification with a revenue method of Percent Complete.
  C. Create a revenue method with a revenue method classification of Rate Based.
  D. Create a revenue method classification with a revenue method of Percent Spent.
  C. Create a revenue method with a revenue method classification of Rate Based.

• Question 3:

  Identify the precedence order in which cost rates are determined for a planning resource when deriving raw costs for rate-based planning resources.

  A. Override rate > Job rate schedule > Resource class rate schedule > Person rate schedule
  B. Job rate schedule > Resource class rate schedule > Override rate > Person rate schedule
  C. Resource class rate schedule > Override rate > Job rate schedule > Person rate schedule
  D. Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule
  E. Person rate schedule > Job rate schedule > Resource class rate schedule > Override rate
  D. Override rate > Person rate schedule > Job rate schedule > Resource class rate schedule

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  Reference: https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_8718794B26A7BB93E040D30A688149A3

• Question 4:

  You cannot generate invoices for a project expenditure item. After running the Generate Invoices program for a billable expenditure item and active contract, the process completes successfully but without any billing, and does not provide any error logs. The program's processing summary is as follows: Billing Event Errors 0 Ineligible Contracts 0 Successful Billing Events Created 0 Ineligible Contract Lines 0 Billing Transaction Exception Warnings 0 Ineligible Associated Projects 0 Draft Invoice Exception Errors 0 Ineligible Events 0 Draft Invoice Exception Warnings 0 Successful Draft Invoices 0

  What was the invoice method classification set to that caused this behavior?

  A. Amount Based
  B. Percent Complete
  C. Rate Based
  D. As Incurred
  A. Amount Based

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  Reference: https://docs.oracle.com/cd/E51367_01/projectop_gs/OAPJB/F1087458AN139C2.htm

• Question 5:

  Which product offering enables non-exclusive relationships between multiple projects and tasks with contracts and contract line?

  A. Contract Team Connect
  B. Project Contract-based costing
  C. Project Contract-based billing
  D. Project Contract Collection Center
  C. Project Contract-based billing

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  Reference: http://www.oracle.com/us/products/applications/fusion/fusion-proj-port-mang-solut-brief-173079.pdf (p.2)

• Question 6:

  Which five steps are required for the File-Based Data Import Integration option?

  A. Run Process to transfer data to interface tables.
  B. Upload the file to the server.
  C. Populate the spreadsheet with data and generate a CSV file.
  D. Download an Excel template.
  E. Import data into various applications.
  F. Install an Excel add-in.
  A. Run Process to transfer data to interface tables.
  C. Populate the spreadsheet with data and generate a CSV file.
  D. Download an Excel template.
  E. Import data into various applications.
  F. Install an Excel add-in.

• Question 7:

  You have defined two expenditure types but they are not available for selection when you enter an expenditure batch. Identify the reason for this problem.

  A. The two expenditure types are not assigned to the reference data set that is assigned to the project-owning organization in which the transaction is performed.
  B. The two expenditure types are not assigned to the reference data set that is assigned to the business unit in which the transaction is performed.
  C. The two expenditure types are not assigned to the reference data set that is assigned to the project unit in which the transaction is performed.
  D. The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.
  D. The two expenditure types are not assigned to the reference data set that is assigned to the project expenditure organization in which the transaction is performed.

• Question 8:

  Which four notification templates are predefined?

  A. Forgot Username Template
  B. New Account Template
  C. Password Reset Template
  D. Forgot Password Template
  E. New Account Manager Template
  A. Forgot Username Template
  C. Password Reset Template
  D. Forgot Password Template
  E. New Account Manager Template

• Question 9:

  Identify two attributes for which you can enter budgets that will be considered for Budgetary Controls in Project Portfolio Management.

  A. expenditure item
  B. project plan type
  C. project
  D. project classification
  E. resource
  C. project
  E. resource

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  Reference: https://docs.oracle.com/cloud/latest/projectcs_gs/OAPJF/OAPJF1121937.htm#OAPJF1121937

• Question 10:

  Identify the three contract attributes from Project Performance Data that are used in Project Performance dashboard regions.

  A. Contract Line
  B. Projects
  C. Task
  D. Expenditure Type
  E. Contract Header
  A. Contract Line
  C. Task
  D. Expenditure Type

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  Reference: https://docs.oracle.com/cloud/farel9/projectcs_gs/FAUAR/F1537947AN10251.htm