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NEW QUESTION: 1
You are setting up settlement periods for the purpose of using conditional sales tax. You plan on creating one settlement period for conditional sales tax and another settlement period for reporting sales tax to the authorities.
One of your coworkers wants to know your reason for creating separate settlement periods.
Which two reasons should you give your coworker? Each correct answer presents a complete solution.
(Choose two.)
A. It prevents conditional sales tax from being reported incorrectly
B. Some countries legally require separation of settlement periods
C. It allows you to generate a report that displays undeclared conditional sales tax amounts
D. Setting up two settlement periods is mandatory in the system, no matter what type of sales tax
Answer: C

NEW QUESTION: 2
Due to limited storage capacity, an organization has decided to reduce the actual retention period for media containing completed low-value transactions. Which of the following is important for the organization to ensure?
A. The retention period allows for review during the year-end audit.
B. The policy includes a strong risk-based approach.
C. The total transaction amount has no impact on financial reporting.
D. The retention period complies with data owner responsibilities.
Answer: D

NEW QUESTION: 3
You are developing a detailed critical path schedule for a proposed petrochemical plant. The schedule will become a part of the project baseline document, which will be sent to the company's board of directors for its consideration. What document or resource is likely to be MOST valuable in determining the schedule's work activity durations?
A. Industry publications.
B. The Petrochemical Industry New Plant Task Duration Handbook.
C. Critical path schedules prepared by you for similar completed projects.
D. The cost estimate for the plant prepared by your firm's estimating department.
Answer: C


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Q: What should I expect from studying the HFCP Practice Questions?
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A: Reach out to us here HFCP FAQ and drop a message in the comment section with any questions you have related to the HFCP Exam or our content. One of our moderators will assist you.

HFCP Exam Info

In case you haven’t done it yet, we strongly advise in reviewing the below. These are important resources related to the HFCP Exam.

HFCP Exam Topics

Review the HFCP especially if you are on a recertification. Make sure you are still on the same page with what Linux Foundation wants from you.

HFCP Offcial Page

Review the official page for the HFCP Offcial if you haven’t done it already.
Check what resources you have available for studying.

Schedule the HFCP Exam

Check when you can schedule the exam. Most people overlook this and assume that they can take the exam anytime but it’s not case.