ServiceNow Exam CIS-SPM Topic 2 Question 26 Discussion

Actual exam question for ServiceNow's CIS-SPM exam

Question #: 26
Topic #: 2

[All CIS-SPM Questions]

What information are users required to enter on a cost plan for a demand?

ACost type

BDiscount Rate %

CTotal planned cost

DFunctional currency

Show Suggested Answer

Suggested Answer: A

According to theCost plan breakdowndocument, users are required to enter the cost type for each cost plan line item. Cost type is a mandatory field that specifies the type of cost, such as labor, software, hardware, etc. The other options are not required fields for a cost plan for a demand. Discount Rate % is an optional field that applies a discount rate to the cost plan. Total planned cost is a read-only field that displays the sum of the planned cost for all the cost plan breakdowns. Functional currency is a system property that defines the currency used for cost management.

by Veronika at Sep 18, 2024, 06:55 PM

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Terrilyn

8 months ago

Hey, at least they didn't include 'Pizza Delivery Fees' as an option. That would have been a real head-scratcher!

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Ronnie

8 months ago

C) Total planned cost

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Latricia

8 months ago

B) Discount Rate %

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Leonard

8 months ago

A) Cost type

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Coleen

9 months ago

Haha, I bet the exam writers are trying to trick us. They're probably going to ask for all of the above, just to see who's paying attention!

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Merissa

7 months ago

Definitely, it's important to be thorough when filling out cost plans.

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Edelmira

7 months ago

Yeah, we have to make sure we pay attention to all the details.

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Raylene

7 months ago

I agree, they always try to catch us off guard with tricky questions.

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Antonio

7 months ago

D) Functional currency

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Malcolm

7 months ago

C) Total planned cost

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Lazaro

8 months ago

B) Discount Rate %

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Pok

8 months ago

A) Cost type

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Sommer

9 months ago

Ah, but what about the discount rate? Surely B) Discount Rate % is also crucial for a cost plan. Can't forget about that!

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Dwight

8 months ago

All of these options are crucial for a comprehensive cost plan.

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Thad

8 months ago

Functional currency is also required to be entered on a cost plan.

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Ahmed

8 months ago

Don't forget about A) Cost type and C) Total planned cost as well.

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Elly

8 months ago

Yes, you're right. B) Discount Rate % is important for a cost plan.

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Dean

9 months ago

Hmm, I'm not so sure. Shouldn't we also need to know the functional currency? D) Functional currency seems important too.

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Maryanne

8 months ago

Including the functional currency on a cost plan is essential for accurate financial planning.

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Ming

8 months ago

In addition to the cost type and total planned cost, we should definitely include the functional currency.

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Janna

8 months ago

Yes, you're correct. We also need to know the functional currency for a demand cost plan.

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Twana

8 months ago

I think you're right, D) Functional currency is important to include on a cost plan.

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Novella

9 months ago

I believe users also need to enter the total planned cost for a demand.

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Stephaine

9 months ago

I think the answer is C) Total planned cost. That's the key information needed for a cost plan, right?

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Fletcher

9 months ago

That's right. Total planned cost is the most important information to enter on a cost plan for a demand.

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Lyla

9 months ago

Yes, you are correct. Total planned cost is the key information needed for a cost plan.

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Keena

9 months ago

I agree with Elvera, cost type is essential for a cost plan.

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Elvera

9 months ago

I think users need to enter the cost type.

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