ANC-301 Practice Questions

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NEW QUESTION: 1
A program manager recognizes that a successful resource being used in project A could also be used in project B.
What should the program manager do first to leverage the utilization of this resource?
A. Assign project A's resource to project B.
B. Mitigate risk by leveraging other resources in project A.
C. Reassign the resource to project B after project A ends.
D. Prioritize the resource to optimize their use across both projects A and B.
Answer: C

NEW QUESTION: 2
Pricing is a method of determining prices using the condition technique. SAP SRM uses Pricing when purchase documents are created. The system automatically determines the gross price and any surcharges and discounts that apply to a specific supplier according to defined conditions.
Which of the following are essential elements of the condition technique?
A. Procedure group
B. Access Sequence
C. Condition Variant
D. Condition Type
E. Calculation Schema
Answer: B,D,E
Explanation:
Explanation
Explanation/Reference:
Pricing consists of the following elements:
Condition Type
A condition type serves to differentiate between prices in the system. You can define a separate condition type for each type of price, surcharge or discount that may arise in your business transactions. The condition type defines, for example, a discount as a fixed amount or as a percentage.
For example, you can apply release-based rebates that depend on former spend or volume, based on historical spend and not on a single purchase order. Therefore, you can assign a condition where the discounts are based on aggregated release value of the referenced contract or contract hierarchy (if the contract is part of a hierarchy) has been introduced. You can also define group conditions with which scales are used in several items of a purchase order.
Calculation Schema
The calculation schema describes a sequence of condition types that are used to determine prices. In SAP SRM, the calculation schema 0100 is defined as default. You can modify this and add your own condition types.
Access Sequence
An access sequence is a search strategy with which the system looks for valid data for a specific condition type. You can define an access sequence for each condition type. In SAP SRM, the access sequences are predefined.
Condition Table
A condition table contains price information on a master data type, for example, on a product master. If you define a product price or a special discount, for example, you create condition records in the relevant condition table.

NEW QUESTION: 3
Which of the following is an example of an automatic offsetting entry? Choose the correct answer
A. Down payment request
B. Bank posting of a received down payment
C. Posting of a guarantee of payment
Answer: C