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Oracle Exam 1Z0-511 Topic 9 Question 78 Discussion

Actual exam question for Oracle's 1Z0-511 exam
Question #: 78
Topic #: 9
[All 1Z0-511 Questions]

Which three statements are correct about defining a cost budget for a project?

Show Suggested Answer Hide Answer
Suggested Answer: B

1. If you enable the Project Task Owning Organization classification, you must also specify the additional organization information for the classification as follows:

a. Place your cursor on the Project Task Owning Organization classification.

b. Select the Others button.

c. In the Additional Organization Information window, place your cursor in the Project Type Class Information field.

d. In the Project Type Class Information window, enter information for the following fields:

Allow Entry Of Indirect Projects: Select Yes from if you want this organization to own indirect projects.

Allow Entry of Capital Projects: Select Yes from if you want this organization to own capital projects.

Allow Entry of Contract Projects: You must select Yes.

Note: You must select Yes, even though you cannot create contract projects in Oracle Grants Accounting. Oracle Grants Accounting uses contract projects to process revenue and invoices for awards. Oracle Grants Accounting uses an underlying award project to process revenue and invoices. The award project is a contract class project.

e. In the Project Type Class Information window, select the OK button.

f. In the Additional Organization Information window, select the OK button.

g. In the Forms dialog box that asks you if you want to save the changes you have made, select the Yes button to save your work.


Contribute your Thoughts:

Tyisha
30 days ago
This question is a real budget-buster! I hope my answers don't end up in the red zone.
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Catarina
1 months ago
I'm pretty sure B and F are wrong. You can definitely enter budgets for non-labor resources too, not just labor.
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Vonda
6 days ago
You're right, B and F are incorrect. Budgets can be entered for both labor and non-labor resources.
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Noe
8 days ago
E) You can enter budget amount for a combination of lowest task and a Non-Labor resource.
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Brigette
15 days ago
C) You can enter budget amount for a combination of lowest task and a labor resource.
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Graciela
17 days ago
A) You can enter budget amount at the project level, the top task level, or the lowest task level.
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Valda
2 months ago
Definitely not D. You can't just set the budget at the top task level, that's way too high-level for a project budget.
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Ruthann
3 days ago
E) You can enter budget amount for a combination of lowest task and a Non-Labor resource.
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Venita
15 days ago
C) You can enter budget amount for a combination of lowest task and a labor resource.
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Marget
29 days ago
A) You can enter budget amount at the project level, the top task level, or the lowest task level.
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Ashton
2 months ago
A, C, and E seem like the correct answers. I've used budgeting at the task and resource levels before, so this looks familiar.
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Temeka
16 days ago
Definitely, having flexibility in budgeting options is beneficial for project management.
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Gilma
1 months ago
I think it helps in tracking expenses more effectively.
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Joesph
1 months ago
It's important to define the budget at different levels for accuracy.
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Mireya
2 months ago
I agree, A, C, and E are the correct statements.
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Lera
2 months ago
I'm not sure about D and F, they seem incorrect to me.
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Hildred
3 months ago
I agree with Ma, those statements make sense.
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Ma
3 months ago
I think A, C, and E are correct.
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