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Single Choice Moderate

Q

You are tasked with maintaining accurate cost records for items and cost categories.

You need to ensure that the cost records about items, cost categories, and calculation formulas for indirect costs are maintained properly.

What happens when you activate the item cost record?

ID: #25493 Practice Assessment 8 views
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#25493Q ID
ModerateDifficulty
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  • A The status is updated to Active, and the effective date is updated to the activation date. ✔ ✖
  • B The status remains Pending, and the effective date is updated to the activation date. ✔ ✖
  • C The status is updated to Active, but the effective date remains the same. ✔ ✖
  • D The status and the effective date remain the same. ✔ ✖
Correct Answer

Explanation

When you activate the item cost record, the status is updated to Active, and the effective date is updated to the activation date. The other options do not accurately describe what happens when an item cost record is activated.

Cost accounting - Documentation - Training | Microsoft Learn
Costing versions overview - Documentation - Training | Microsoft Learn
Cost management home page - Documentation - Training | Microsoft Learn

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