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Exam Code: CIPP-E

Vendor Name: IAPP

Total Practice Questions : 60

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NEW QUESTION: 1
When the government intervenes in the market economy to correct a market failure
A. The problem of government failure may result
B. Economic welfare always increases
C. The intervention always creates a surplus
D. In all cases the market mechanism ceases to function
Answer: A

NEW QUESTION: 2
The Accounts Payable Manager voided a Payment Request issued for a foreign currency invoice due to insufficient funds.
Which three statements are correct?
A. Accounting and payment records for the invoices that were paid automatically are reversed.
B. Any realized gain or loss on foreign currency invoices is recorded as paid by the payment when reversed.
C. All related interest invoices are reversed if already created.
D. All related withholding tax invoices are automatically reversed.
E. The process places the invoice on hold automatically.
Answer: A,C,D
Explanation:
B: When you void a payment, Payables automatically reverses the accounting and payment records so your general ledger will have the correct information, and so the status of the paid invoices is reset to Unpaid. Payables also reverses any realized gains or losses on foreign currency invoices recorded as paid by the payment.
D: If you withhold taxes at payment time and you void a payment that paid an invoice with an associated withholding tax invoice, then Payables automatically creates a negative (reversing) invoice for the tax authority supplier to offset the amount of the tax withholding invoice. You determine when you withhold taxes by selecting the Apply Withholding Tax option in the Payables Options page.
Reference: Oracle Payables User's Guide, Voiding Payments Using the Payments Window

NEW QUESTION: 3

A. Option B
B. Option D
C. Option C
D. Option A
Answer: B

NEW QUESTION: 4
A Storage Administrator has just installed PSTCLI on a Linux client. The administrator is unfamiliar with the PSTCLI command list. How can the administrator get a list of all PSTCLI commands from the cli> prompt?
A. Use the help all command
B. Press the <Tab> key
C. Type the <Ctrl>+keys together
D. Use the show all command
Answer: B


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