Oracle 1z0-1008 Free Practice Questions

NEW QUESTION 1
Your customer wants a team member who is assigned to a project to be able to create and submit a
forecast, but not to be able to approve the forecast. What is the default project role that you should assign to the person in the project to meet this requirement? (Choose the best answer.)

• A. Project Manager
• B. Project Administrator
• C. Project Application Administrator
• D. Project Accountant

Answer: A

NEW QUESTION 2
After completing setups in a source environment, your customer wants to move the setup data to a target environment. Identify the two statements related to task list scope, which you must consider before taking a decision based on the customer requirement. (Choose two.)

• A. Exported setup data can be filtered by specific scope values if the business object has scope enabled for the setup data export.
• B. Exported setup data cannot be filtered by specific scope values if the business object has scope enabled for the setup data export.
• C. A scope value is used to assign users who can perform a task within an implementation project.
• D. A task list can be segmented by a scope value and a task can be performed for each qualifying value of the selected object.

Answer: AD

Explanation: Reference:
https://docs.oracle.com/cd/E60665_01/common/OAFSM/OAFSM1166430.htm#OAFSM1166426

NEW QUESTION 3
Your customer wants a project start date to cascade to the project tasks, but does not want the finish
date to be cascaded. Identify the default setup in a project template that can be used to enable this. (Choose the best answer.)

• A. Cascade change to the start date.
• B. Do not cascade date changes.
• C. Cascade change to the finish date.
• D. Cascade change to the start date and the finish date.

Answer: B

Explanation: Reference:
http://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20384/F552279AN65801.htm

NEW QUESTION 4
You are trying to create a custom infolet, but are not able to find the "Create Infolet" option in the
Infolet repository window. Which two steps should be completed before you can access the "Create Infolet" option?

• A. You must activate Page Composer.
• B. You should be on the Project Custom Objects page.
• C. You must be in an active sandbox.
• D. You should enable the "Create Infolet" option from the Personalize Springboard page.

Answer: D

NEW QUESTION 5
Identify the valid approval group type applicable to Oracle Project Financial Management Cloud.
(Choose the best answer.)

• A. Position
• B. Dynamic
• C. Static
• D. Flexfield
• E. Job

Answer: D

NEW QUESTION 6
Your client is involved in automation control systems installation. Over the years, they have analyzed their total project spend on specific resource classes. They have identified that their cost spread distribution factor on a 10 spread point scale resembles: 0-4-10-11-14-13-10-4-0-0.
Identify two ways to handle this kind of a spread on their budgets and forecasts. (Choose two.)

• A. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to a project template.
• B. Create a new spread curve or edit an existing spread curve to exactly match the spread points and attach to the resource class.
• C. Use the predefined Bell Curve spread with small deviations on the spread points.
• D. Use the predefined S-Curve spread with small deviations on the spread points.

Answer: BC

NEW QUESTION 7
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
Successfully Billing Events Created 0 Ineligible Contract Lines 0
Billing Transaction Exception Errors 0 Ineligible Bill Plans 0
Billing Transaction Exception Warnings 0 Ineligible Associated Projects 0 Successful Billing Transactions 0 Ineligible Expenditure Items 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? (Choose the best answer.)

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

Answer: A

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

NEW QUESTION 8
Identify the attribute of a project type that determines if expenditure items are billable, and the amount type to be used as the basis for transfer pricing. (Choose the best answer.)

• A. work type
• B. event type
• C. cost type
• D. expenditure type

Answer: A

Explanation: Reference: https://docs.oracle.com/cloud/latest/projectcs_gs/OAPFM/OAPFM1125361.htm#OAPFM1125277
(what’s a work type?)

NEW QUESTION 9
When scheduling the Update Project Performance Data process to run on a periodic basis, which
summarization method would you select? (Choose the best answer.)

• A. Bulk
• B. Detail
• C. Incremental
• D. Summary

Answer: A

Explanation: Reference:
https://docs.oracle.com/cloud/farel10/projectcs_gs/OAPJS/OAPJS1058184.htm#OAPJS177676

NEW QUESTION 10
Which two statements are true about the cross-charge method, Borrowed and Lent?

• A. This method creates accounting entries that move an amount equal to the transfer price between the provider and receiver organizations within a legal entity.
• B. Costs or revenue are shared based on transfer price rules with this method.
• C. You must set up the contract business unit to use this method.
• D. This method creates a formal internal invoice.

Answer: AD

NEW QUESTION 11
Your customer accounts revenue based on product class category. Because all your customer's
projects are funded by private and government institutions, they decide to classify all projects based on their funding source to accurately report on revenue in General Ledger. Accordingly, you create a new class category “Funding Source”, and assign it to all projects. However, you notice that the accounting is still happening based on product class category.
Identify the reason for this problem. (Choose the best answer.)

• A. Funding source class category is assigned to all project types.
• B. Funding source class category is not enabled for “available as accounting source”.
• C. Product class category is not enabled for “available as accounting source”.
• D. Funding source class category is enabled for “available as accounting source”.

Answer: C

NEW QUESTION 12
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. Daily Spread Basis
• B. Back Loaded
• C. Bell Curve
• D. S-Curve
• E. Even

Answer: D

NEW QUESTION 13
In a Project Draft Invoice preview, quantity (hours) and unit price (bill rate) are shown as fields on the invoice. Quantity and unit price are then used to calculate the line total, then the total price of the invoice. After the invoice is transferred or created in Receivables, the invoice detail has a quantity of 1, and a unit price equal to the line total. The detailed Unit Price/Quantity does not come through on the Receivables invoice.
Identify the correct statement about details in the receivables invoice. (Choose the best answer.)

• A. The project sends only the invoice header and invoice line description to Receivables, not the invoice distributions.
• B. The project sends the invoice header, invoice line description, and the invoice distributions to Receivables.
• C. The project sends only the invoice header to Receivables, not the invoice line description and distributions.
• D. The project sends the invoice line description and the invoice distributions to Receivables, but notthe invoice header.

Answer: B

NEW QUESTION 14
Your administrator creates maintenance conditions on the Maintain Project Enterprise Labor Resources page. An HCM person is included in a condition with a process order value of 1 and, additionally, there are three other conditions, all with a process order value of 10. Identify two correct statements about the Maintain Project Enterprise Labor Resources process as it relates to process order values. (Choose two.)

• A. The process creates a resource by using the conditions with a process order value of 10, but does not create more than one resource for the same person even if subsequent conditions apply to the person.
• B. For the three conditions that have the same process order value of 10, the records are processed in ascending alphabetic order based on the condition name.
• C. For the three conditions that have the same process order value of 10, the records are processed in ascending numeric order based on the condition name.
• D. The process creates a resource by using the condition with a process order value of 1, but does not create more than one resource for the same person even if subsequent conditions apply to the person.

Answer: AB

Explanation: Reference: https://docs.oracle.com/cloud/latest/projectcs_gs/OAPEX/OAPEX1082603.htm#OAPEX1082584

NEW QUESTION 15
As part of maintaining (importing new employees that were added last week) project enterprise labor resources in your organization, you submit the Maintain Project Enterprise Labor Resources process to create and update resources based on changes In HCM. You define maintenance conditions on the Manage Project Enterprise Labor Resource page to process both employees and contingent workers.
Which three are parameters that are based on which the system identifies the new resources?

• A. Department
• B. Project Unit
• C. Jobs
• D. Business Unit
• E. Organization

Answer: CDE

NEW QUESTION 16
Which four notification templates are predefined?

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

Answer: ABCE

Explanation: https://docs.oracle.com/en/cloud/saas/sales/18c/oscus/setting-up-applications-security.html#OSCUS2287154