Oracle 1z0-1008 Free Practice Questions

NEW QUESTION 1
In your customer site, the capitalized interest calculation is implemented on their project types.
Which option represents the costs considered in the interest calculation? (Choose the best answer.)

• A. common costs on the project/task
• B. expenditure type exclusions on the Capitalized Interest rate name
• C. expenditure type exclusions on the Capitalized Interest rate schedules
• D. expenditure items whose cost spreads across multiple assets that are capitalized
• E. expenditure items whose costs are applied to a single asset or multiple assets

Answer: E

Explanation: Reference:
https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_988B43C997365159E040D30A68813832

NEW QUESTION 2
Your organization has been using project class categories and codes for reporting purposes and is set
up at the project level. You recently defined a new project type, Capital-Contract, and created new class categories named Build, Operate, and Transfer (BOT) and Build, Transfer, and Maintain (BTM), with class codes of Yes/No. But on creation of a project, you are unable to associate these class categories and codes.
Identify two setups that are mandatory for these class categories and codes to be displayed. (Choose two.)

• A. Class codes should be associated with a related set code.
• B. Class categories should be assigned to business unit.
• C. Class categories should be assigned to project type.
• D. Class codes should be assigned to project unit.

Answer: CD

NEW QUESTION 3
Your customer has the following setups on the project plan type that they are using for their projects: Use Task Planned Dates as Task Assignment Dates = Yes
Automatically Roll Up Task Planned Dates = Yes
Synchronize Task Transaction Dates with Planned Dates = No With these setups in place, you perform the following actions:
1. Create a new subtask (Sub Task 1) with a start date of 15-Jun-2021 on the project that has as start date of 01-Jul-2021.
2. Create another new subtask (Sub Task 2) after the previous action is saved.
What would the correct behavior of the application be after these actions? (Choose the best answer.)

• A. After the creation of Sub Task 1, Project Start Date would remain unchanged as 01-Jul-2021 andSub Task 2 would be created with 15-Jun-2021.
• B. After the creation and saving of Sub Task 1, Task Start Date would be changed to 01-Jul-2021 and Sub Task 2 would be created with 01-Jul-2021.
• C. After the creation of Sub Task 1, Project Start Date would be changed to 15-Jun-2021 and Sub Task 2 would be created with 15-Jun-2021.
• D. Project Start Date would remain unchanged as 01-Jul-2021 for both actions but the start dates on both subtasks would remain 15-Jun-2021.

Answer: B

NEW QUESTION 4
Your customer has implemented Oracle Project Portfolio Management Cloud recently and they have hired new employees for their Professions Services business. These employees are set up in Oracle Human Capital Management Cloud, but the Project Administrators are unable to add them as resources in the Planning Resource Breakdown Structure.
What are three conditions for new employees to show up in the list? (Choose three.)

• A. Current date is before the effective date of the resource, and you did not enable the “Include people with future-dated effective start dates” option during the search.
• B. All new employees created as persons must have an active supervisor.
• C. All new employees created as persons must be assigned to a department.
• D. All new employees created as persons must have an active assignment.
• E. All new employees created as persons must have an active project role.

Answer: ADE

NEW QUESTION 5
Your customer wants to generate accounting based on project information associated with the transaction for all subledger transactions. Identify three subledger applications for which the project source is available for deriving accounts when configuring subledger accounting. (Choose three.)

• A. Receipt Accounting
• B. Payables
• C. Fixed Asset
• D. Purchasing

Answer: ABC

NEW QUESTION 6
Which two statements are true about a project in “Draft” status? (Choose two.)

• A. Project managers can view draft projects on the Project Manager Dashboard and use the projectsfor requirements planning.
• B. Project managers can neither view draft projects on the Project Manager Dashboard nor use the projects for requirements planning.
• C. Team members can see the tasks from draft projects on the Team Member Dashboard or in the My Work work area.
• D. Team members cannot see the tasks from draft projects on the Team Member Dashboard or in the My Work work area.

Answer: AD

NEW QUESTION 7
Which two attributes are available while enabling a task as a business object for social networking?

• A. Task
• B. Project Number
• C. Task Number
• D. Creation Date
• E. Project

Answer: BC

NEW QUESTION 8
Identify three correct statements about project types. (Choose three.)

• A. Project type can be used as a source in subledger accounting.
• B. Project type can be enabled for both billing and capitalization.
• C. Summarization options can be specified at project type.
• D. Classifications can be assigned at project type.
• E. Project type can be associated with multiple project units.

Answer: BCE

NEW QUESTION 9
Which three file-based data imports are available for use in Oracle Project Portfolio Management
Cloud?

• A. Project Budgets
• B. Project Tasks
• C. Project Billing Events
• D. Project Templates

Answer: BCD

NEW QUESTION 10
What are three configuration items that you need to set up by using the Project Organizations functional area in Project Financial Management configurations? (Choose three.)

• A. Manage Project Unit Organizations
• B. Mange Business Unit
• C. Manage Project Organization Classifications
• D. Mange Project Types
• E. Manage Project Unit Options

Answer: BCD

Explanation: Reference:
https://docs.oracle.com/cd/E60665_01/projectcs_gs/OAPFM/F1125343AN100B5.htm

NEW QUESTION 11
You have four resources in your organization: P, Q, R, and S. Resource P – Project or resource calendar is active.
Resource Q – Project resource request dates are within the project or resource calendar effective dates.
Resource R – Resource calendar is complex, it does not contain seven days, and it contains more than one pattern and shift.
Resource S – Number of working days within the requested date range is not zero on the project or resource calendar.
Identify the resource for whom Resource Availability Capacity Score will not be calculated. (Choose the best answer.)

• A. P
• B. Q
• C. R
• D. S

Answer: C

NEW QUESTION 12
You create a project schedule with a Shifts element. Identify two more elements that can be part of a project schedule. (Choose two.)

• A. Exceptions
• B. Accounting Calendar
• C. Workday Patterns
• D. Time Off
• E. Expenditure Type

Answer: AC

Explanation: Reference:
https://docs.oracle.com/cloud/latest/projectcs_gs/FAPFM/FAPFM1192914.htm

NEW QUESTION 13
You have projects and tasks defined with transaction controls, which does not allow certain types of
charges to the project. Your business needs to create invoices in AP with this project every period and hence would like to make the process easier by creating a distribution set. As you create the distribution set, you notice that these distribution set lines are not validated against the project transaction controls and you are allowed to save it without any validation errors.
Identify the reason why the project transaction controls are not applied. (Choose the best answer.)

• A. There is no expenditure type information available on the distribution set line.
• B. There is no expenditure organization information available on the distribution set line.
• C. There is no expenditure item date information available on the distribution set line.
• D. The account code combination is not available on the distribution set line.

Answer: A

NEW QUESTION 14
You are trying to create a project purchase order (PO) but you are unable to select Expenditure
Organization in the PO. Identify two reasons for this problem. (Choose two.)

• A. The organization is not classified as a project-owning organization.
• B. The organization is not classified as a project expenditure organization.
• C. The organization is not included in the organization tree that is assigned to the business unit that owns the PO.
• D. The organization is classified as a project unit.

Answer: BC

NEW QUESTION 15
You are now the project manager of a newly created implementation project. Which two items are
not part of managing an implementation project?

• A. Assign tasks to various users who are responsible for managing setup data.
• B. Monitor the progress of completing setup tasks.
• C. Select the offering you want to implement.
• D. Generate a list of setup tasks.
• E. Enable optional functional areas and features by opting in.

Answer: A

NEW QUESTION 16
Which two statements describe how the Resource Qualification Score is calculated?

• 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: CD