CCFR-201 Practice Questions

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NEW QUESTION: 1
In which two ways will an invoice be impacted when an inclusive prepayment is unapplied from it?
A. The invoice validation status changes to Needs Revalidation.
B. The invoice paid status changes from Partially Paid to Unpaid.
C. The unpaid invoice amount is increased by the amount of the prepayment.
D. The invoice accounting status changes to Partially Accounted.
E. An installment is created for the prepayment amount.
Answer: B,C
Explanation:
If you mistakenly apply a prepayment to an invoice, you can unapply it. Payables automatically creates a reversal distribution and a new scheduled payment for the prepayment in the amount that you unapply. Payables also increases the Amount Available for the prepayment by the unapplied amount. Payables updates the status of the invoice to unpaid or partially paid.
Reference: Unapplying Prepayments

NEW QUESTION: 2
You are the portfolio manager for a family business company who had an old CEO reluctant to change and to taking risks. The board has decided with the support of the president to change the CEO and assign a new one.
The executive directors along with the president have as well advised the new CEO to be more aggressive.
Which of the following documents need to be updated in this case?
A. Portfolio Performance Plan
B. Strategic Plan
C. Portfolio Charter
D. Portfolio Management Plan
Answer: B

NEW QUESTION: 3
This question consists of two statements: One is named Assertion and the other is named Reason. Both of these statements may be true; both may be false; or one may be true, while the other may be false.
To answer this question, you must first evaluate whether each statement is true on its own. If both statements are true, then you must evaluate whether the Reason (the second statement) correctly explains the Assertion (the first statement). You will then select the answer from the list of answer choices that matches your evaluation of the two statements.
Assertion:
A company can share virtual hard disk files (.vhdx) to create a guest failover cluster without presenting the storage topology to the virtual machines.
Reason:
Failover Cluster Manager creates shared virtual hard disks automatically when you configure a guest failover cluster.
Evaluate the Assertion and Reason statements and choose the correct answer option.
A. The Assertion is true, but the Reason is false.
B. Both the Assertion and the Reason are false.
C. The assertion is false, but the Reason is true.
D. Both the Assertion and Reason are true, and the Reason is the Correct explanation for the Assertion.
E. Both the Assertion and Reason are true, but the Reason in not the correct explanation for the Assertion.
Answer: A