Revenue Management Exam Correct
Questions And Answers
What do you need to total in order to find the total transaction price for a customer
contract that is calculated by Revenue Management?
A. the extended SSP amounts for all performance obligations in the customer contract
B. the SSP amounts for all performance obligations in the customer contract
C. the selling price for all performance obligations in the customer contract
D. the allocated amount for all performance obligations in the customer contract
E. the billing amount for all performance obligations in the customer contractCorrect
Answers B
Which method is used to allocate total transaction price across performance obligations
in Revenue Management?
A. Two Step Allocation Method
B. Inverted Allocation Method
C. Alternative Allocation Method
D. Relative Allocation Method
E. Residual Allocation MethodCorrect Answers D
In which two ways would you configure Satisfaction Method (SM) and Satisfaction
Measurement Model (SMM) in Revenue Management to recognize revenue for
performance obligations over time? (Choose two.)
A. by setting SM to "Requires Complete" and SMM to "Period"
B. by setting SM to "Allow Partial" and SMM to "Percent"
C. by setting SM to "Allow Partial" and SMM to "Period"
D. by setting SM to "Requires Complete" and SMM to "Quantity"
E. by setting SM to "Requires Complete" and SMM to "Percent"Correct Answers B, C
If AutoAccounting is set to derive accounting segments based on a standard line, the
transaction line must be either ________________ or ________________. Otherwise,
AutoAccounting cannot derive a valid account code combination for revenue
recognition.Identify the two values. (Choose two.)
A. a standard memo line
B. a purchasing item
C. a credit memo line
D. an inventory item
E. a debit memo lineCorrect Answers A, D
Questions And Answers
What do you need to total in order to find the total transaction price for a customer
contract that is calculated by Revenue Management?
A. the extended SSP amounts for all performance obligations in the customer contract
B. the SSP amounts for all performance obligations in the customer contract
C. the selling price for all performance obligations in the customer contract
D. the allocated amount for all performance obligations in the customer contract
E. the billing amount for all performance obligations in the customer contractCorrect
Answers B
Which method is used to allocate total transaction price across performance obligations
in Revenue Management?
A. Two Step Allocation Method
B. Inverted Allocation Method
C. Alternative Allocation Method
D. Relative Allocation Method
E. Residual Allocation MethodCorrect Answers D
In which two ways would you configure Satisfaction Method (SM) and Satisfaction
Measurement Model (SMM) in Revenue Management to recognize revenue for
performance obligations over time? (Choose two.)
A. by setting SM to "Requires Complete" and SMM to "Period"
B. by setting SM to "Allow Partial" and SMM to "Percent"
C. by setting SM to "Allow Partial" and SMM to "Period"
D. by setting SM to "Requires Complete" and SMM to "Quantity"
E. by setting SM to "Requires Complete" and SMM to "Percent"Correct Answers B, C
If AutoAccounting is set to derive accounting segments based on a standard line, the
transaction line must be either ________________ or ________________. Otherwise,
AutoAccounting cannot derive a valid account code combination for revenue
recognition.Identify the two values. (Choose two.)
A. a standard memo line
B. a purchasing item
C. a credit memo line
D. an inventory item
E. a debit memo lineCorrect Answers A, D
