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QUESTION 21
What can the Resource assignment analysis report do that the Resource assignments report cannot do?
A. It can show how many hours a resource is assigned to a project.
B. It can show availability of a resource.
C. It can be filtered to include certain commitment types.
D. It can be filtered to include a specified date range.
Answer: B
QUESTION 22
What is the purpose of the estimate process for a fixed-price project?
A. to periodically clear ledger postings after the project transactions are adjusted
B. to create a new estimate for a fixed-price project
C. to adjust the forecast according to the actual project progress
D. to provide a snapshot of a project’s finances at a single point in time
Answer: D
QUESTION 23
Which three statements about on-account invoices are true? (Each correct answer presents part of the solution. Choose three.)
A. On-account invoices must specify a project date.
B. On-account invoices can be created by using an invoice proposal.
C. On-account invoices can only be used for external project types.
D. On-account invoices can be used for both fixed-price and time and material projects.
E. On-account invoices can specify offset transactions when used for fixed-price projects.
Answer: ABD
QUESTION 24
You need to recognize revenue as project costs are posted. Which type of project should you use?
A. fixed-price project with completed percentage and production plus profit
B. time and material project with work in process (WIP)
C. time and material project with accruals
D. fixed-price project with completed percentage and sales value
E. internal project with work in process (WIP)
Answer: C
QUESTION 25
Which three items are valid base amount options when defining compounding rules for an indirect cost calculation? (Each correct answer presents part of the solution. Choose three.)
A. Cost
B. Revenue
C. Invoice
D. Unit rate
E. Percent
Answer: ABC
QUESTION 26
What is the purpose of the project statements form?
A. to display an overview of the progress of all in-process projects
B. to print customer statements for a single project
C. to display an overview of the progress of a project
D. to print customer statements for multiple projects
Answer: C
QUESTION 27
Which statement describes what happens during the elimination process for a fixed-price project?
A. The work in process (WIP) on-account account postings and the WIP production and profit postings are reversed automatically.
B. All existing lines are removed from the estimate.
C. The fixed-price project is removed.
D. The WIP on-account account postings and the WIP production and profit postings must be reversed manually.
Answer: A
QUESTION 28
Which two tools enable you to control a project? (Each correct answer presents part of the solution.
Choose two.)
A. project forecasts
B. project quotations
C. project budgets
D. project statements
Answer: AC
QUESTION 29
You define project requirements in the work breakdown structure. What do the Importance settings determine?
A. relative importance between tasks
B. relative importance between projects
C. relative importance between activity requirements
D. relative importance of schedule versus activity requirements
Answer: C
QUESTION 30
You create an invoice proposal and use the Manage invoice form to manage the presentment of the invoice. Which two steps are required to group transactions with a subtotal on the invoice? (Each correct answer presents part of the solution. Choose two.)
A. Select the transactions to be included.
B. Create an invoice line summary.
C. Select the user-defined invoice format.
D. Enter text for the invoice header and footer.
E. Define the type of transactions to be included.
Answer: AB
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