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Exam Code: LLQP
Exam Name: Life License Qualification Program (LLQP)
Vendor: IFSE Institute

60 Questions & Answers
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NEW QUESTION: 1
The output of the show frame-relay pvc command shows "PVC STATUS = INACTIVE". What does this mean?
A. The PVC is not configured on the local switch.
B. The PVC is configured correctly, is operating normally, and is waiting for interesting traffic to trigger a call to the remote router.
C. The PVC is configured correctly on the local switch, but there is a problem on the remote end of the PVC.
D. The PVC is configured correctly and is operating normally, but no data packets have been detected for more than five minutes.
E. The PVC is configured correctly, is operating normally, and is no longer actively seeking the address of the remote router.
Answer: C
Explanation:
The PVC STATUS displays the status of the PVC. The DCE device creates and sends the report to the DTE devices. There are 4 statuses:
+ ACTIVE: the PVC is operational and can transmit data + INACTIVE: the connection from the local router to the switch is working, but the connection to the remote router is not available
+ DELETED: the PVC is not present and no LMI information is being received from the Frame Relay switch
+ STATIC: the Local Management Interface (LMI) mechanism on the interface is disabled (by using the "no keepalive" command). This status is rarely seen so it is ignored in some books.

NEW QUESTION: 2
Which statement best describes the responsibility of the Product Owner?
A. Acting as the go-between for the stakeholders.
B. Ensuring that the work meets the commitments to the stakeholders.
C. Managing the Development Team.
D. Optimizing the value of the work the Development Team does.
Answer: D
Explanation:
The Product Owner is accountable for the flow of value that the Development Team selects to work on.

NEW QUESTION: 3
You applied a prepayment amount of $5,000 USD to a $10,000 USD invoice. At the time of prepayment, the applicable tax rate was 5% ($250 USD); at the time of invoice creation, the tax rate is 10%. When you set up taxes, you choose to Recalculate Taxes for the Applied Amount Handling option.
How will the resulting tax be calculated?
A. The tax calculated on the prepayment is reversed completely and the tax rateapplied to the invoice line is retained.
B. The tax calculation creates two tax lines: one for the invoice line amount and one for the prepayment with a negative amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -250 USD (5% * -5000).
C. The tax for the prepayment is recalculated to use the new invoice tax rate that is also used for the invoice line amount. The two generated tax lines show $1,000 USD (10% * 10,000) for the invoice line tax amount and a prepayment tax line of -500 USD (10% * -5000).
D. The tax for the prepayment is recalculated and the generated tax line amount will be $250 USD (5% * 10,000-5000).
Answer: C
Explanation:
When you apply a prepayment to an invoice, the tax rate at the time of prepayment may differ from the tax rate at the time that the prepayment is applied to an invoice. Oracle Fusion Tax considers the tax calculated on the prepayment according to the value assigned to the Applied Amount Handling option in the tax record. The values are Recalculated and Prorated.
For example, you apply a prepayment amount of 5,000 USD to an invoice with a total amount of10,000 USD. At the time of prepayment, the applicable tax rate was 5% (250 USD tax on the prepayment); at the time of invoice creation, the applicable tax rate is 10%. Tax is calculated in this way:
* Recalculated: The tax is recalculated on the prepayment using the invoice tax rate and the same tax rate is applied to the invoice line amount. The tax calculation creates two tax lines: one for the invoice line amount and one for the prepayment with a negative amount. In the invoice example, the calculationcreates an invoice line amount tax line of 1,000 USD (10% * 10,000 USD) and a prepayment tax line of -500 USD (10% * -5000 USD). This reverses tax calculated on the invoice for the prepayment amount applied. The tax calculated on the prepayment is retained.
* Prorated:Etc.
References:https://docs.oracle.com/cloud/farel8/financialscs_gs/FAFTT/F1006655AN242EE.htm


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