PSP Practice Questions

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NEW QUESTION: 1
You have a requirement for not processing an element entry based on a specific condition that will be evaluated during payroll run. How should you achieve this?
A. You write a calculation formula with the condition so that the element is not processed when the condition is satisfied.
B. You cannot meet this requirement because once an element entry is created, it will be processed all the time.
C. You write a validation formula with the condition so that the element is not processed when the condition is satisfied.
D. You write a skip rule with the condition so that the element is not processed when the condition is satisfied.
Answer: A

NEW QUESTION: 2
The CMC appliance version 6.1 supports which SNMP versions? (Select 3)
A. Version 3
B. Version 2
C. Version 1
D. Version 2c
Answer: A,C,D

NEW QUESTION: 3
A company enters into a cash flow hedge to offset fluctuations in the value of foreign currency transactions occurring in two years. How should the company record the gains and/or losses on the cash flow hedge in the current year?
A. The hedged gains and losses are reported in comprehensive income together with the offsetting gains and losses of the foreign currency.
B. The hedged gains and losses are reported in current period income together with the offsetting gains and losses of the foreign currency.
C. The hedged gains and losses are reported in current period income.
D. The hedged gains and losses are reported in comprehensive income.
Answer: D