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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:

Ashton
10 days 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.
upvoted 0 times
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Lera
24 days ago
I'm not sure about D and F, they seem incorrect to me.
upvoted 0 times
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Hildred
25 days ago
I agree with Ma, those statements make sense.
upvoted 0 times
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Ma
28 days ago
I think A, C, and E are correct.
upvoted 0 times
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