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NEW QUESTION: 1
Identify the three true statements about accounts and account types.
A. Account types tell FM how the child account should aggregate to the parent.
B. Financial Management provides predefined account types such as Asset, Revenue, Flow, Balance, and Dynamic.
C. Base level accounts do not automatically roll up to parents; business rules are required.
D. Children cannot inherit the account type of their parent unless specifically defined by the administrator.
E. Account types tell FM how the account balances should accumulate over time.
Answer: A,B,E
Explanation:
Explanation/Reference:
"Each account has an account type. Account types determine how child accounts are aggregated to parent accounts and how account balances accumulate over time."
Above is an explanation about account types directly from the HFM Admin guide published by Oracle.
Additionally, this is true because Asset and Liability account types are balance sheet accounts and they represent a balance at a point in time. So, whether you look at the amount in these accout types as periodic, QTD or YTD, the value is the same as it is not a cumlative amount.
The Revenue and Expense account types are income statement accounts and therefore the QTD and YTD amounts are an accumulation of the Periodic amounts.

NEW QUESTION: 2
The term "Defect" is related to the term "Fault" because a fault is a defect, which has not yet been identified.
A. False
B. True
Answer: B

NEW QUESTION: 3
A SysOps Administrator must devise a strategy for enforcing tagging of all EC2 instances and Amazon Elastic Block Store (Amazon EBS) volumes.
What action can the Administrator take to implement this for real-time enforcement?
A. Use the AWS Tag Editor to manually search for untagged resources and then tag them properly in the editor.
B. Launch items by using the AWS API. Use the TagResources API action to apply the required tags when the instances and volumes are launched.
C. In a PowerShell or shell script, check for untagged items by using the resource tagging GetResources API action, and then manually tag the reported items.
D. Set up AWS Service Catalog with the TagOptions Library rule that enforces a tagging taxonomy proactively when instances and volumes are launched.
Answer: D
Explanation:
Explanation
https://docs.aws.amazon.com/servicecatalog/latest/adminguide/tagoptions-manage.html