Oracle Fusion Project Portfolio Management 2014 Essentials (1z0-498) Free Practice Test

Question 1

Your client has expressed a desire to produce and summarizeinvoice lines for non-labor transactions type or expenditure, based on the high level tastes of the project. Which invoice format grouping should be used to achieve this?

A. TopTask. Revenue Category, Expenditure Category, Expenditure Type

B. Top Task,Expenditure Category

C. Revenue Category, ExpenditureCategory, Top Task

D. Top Task,Employee

E. Top Task,Expenditure Type

Correct Answer: E

Question 2

Select a Subject Area under "Project Controls" in Fusion PPM's OTBI.

A. Project Budget

B. Project Invoice

C. Project Cost Journals

D. Project Revenue

Correct Answer: A

Question 3

Identify the true statement regarding an expenditure item.

A. An expenditure item con be adjusted only on the billableattributes of atransaction.

B. An expenditureitem can be adjusted only on the capitalizable attributes of a transaction.

C. An expenditure Item cannotbe adjusted on any attributes of transcation.

D. An expenditure item can be adjusted on both billable and capitalizeable attributes of a transaction.

Correct Answer: B

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Question 4

Identify two reference data objects forwhich the default setassignments can be done for a business unit set determinant.

A. Project Rates

B. Projecttransaction Types

C. Project Definition

D. ProjectAccounting Definition

Correct Answer: B,D

Question 5

Select the appropriate option to fill in the blank below.
A person is allowed to remove transactions when the Project Invoice status is _____

A. Accepted

B. Released

C. Draft

D. Transferred

Correct Answer: A

Question 6

When implementing Project Performance Reporting, the client has provided the following scenario:
1.Every time the project cost is greater than or equal to a threshold, then the project should be shown as critical.
2.As long as the project cost is less than the threshold, the project should be shown as on-track.
Which Threshold Level Rule is the ideal candidate for this kind of KPI definition?

A. multiple threshold level value

B. single threshold level range

C. multiple threshold levels

D. single threshold level value

Correct Answer: D

Question 7

Which Security Role can be assigned to a user in Fusion Applications?

A. Duty Role

B. Dam Ron

C. AbstractRole

D. Job Role

Correct Answer: A

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Question 8

Through which two aspects does Fusion PPM provide improved capability of Role Based Security?

A. transparentand consistent data security

B. single point of administration forboth applications and technology

C. non-centralized access and function-based entitlement management

D. monitor key projects transaction processing and exception rates

E. enforcement across entire technologystack

Correct Answer: A,B

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Oracle Fusion Project Portfolio Management 2014 Essentials (1z0-498) Free Practice Test