NCMA CPCM Q&A - in .pdf

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  • Exam Code: CPCM
  • Exam Name: Certified Professional Contracts Manager
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NEW QUESTION: 1
What is the impact of setting the profile option INV:
Override Neg for Backflush = Yes?
A. It would not allow inventory to be driven negative.
B. It would permit the driving of on-hand inventory negative for miscellaneous issue transactions.
C. Backflush and inventory transactions would drive inventory negative.
D. Backflush transactions would not drive inventory negative.
E. Backflush transactions would drive inventory negative.
F. Backflush and inventory transactions would not drive inventory negative.
Answer: E
Explanation:
Explanation/Reference:
Explanation:

NEW QUESTION: 2
To configure 'Benefits & Taxes", which dimension should new members be imported into?
A. Component
B. Pay Type
C. Account
D. Property
Answer: A
Explanation:
Explanation
Imported Benefits, Taxes, and Additional Earnings using Components on the Workforce Configure page.
References: Oracle Cloud, Administering Planning for Oracle Enterprise Planning and Budgeting Cloud, page
6-13

NEW QUESTION: 3
You are a registered agent with a broker-dealer. One of your clients visits you and wants you to sell some
of the U.S. government bonds she owns and purchase shares of a specific aggressive growth mutual fund
for her with the proceeds. Your client is a mentally-competent, 84-year-old woman but, based on your
other knowledge of her situation, you believe it to be an unwise move. You should
A. nod politely, but not execute the transactions since they are not in her best interest.
B. turn the matter over to your supervisor.
C. advise her that you don't believe this is in her best interest, but execute the required transactions if she
insists.
D. call the mutual fund and tell them that they must convince this client that an investment in their fund is
not in her best interest, under penalty of law.
Answer: C
Explanation:
If, as a registered agent with a broker-dealer, you receive an order from a client that you
don't believe is in her best interests, you should tell her that, but you must still execute the transactions if
she insists. You may not legally ignore her instructions, nor should you bother either the mutual fund or
your supervisor with this, given the facts as provided; you should deal with it yourself.

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