Question 7
What are the correct predefined types of base time periods that can be established when creating the calendar in a planning application?
Weekly, Monthly, Quarterly, Custom
Monthly, Quarterly, Custom
Monthly, Quarterly, Weekly
Weekly, Monthly, Quarterly, Yearly, Custom
Only Custom periods are possible.
Correct answer: B
Explanation:
To set up the calendar:1.In the Classic Application Wizard, click Calendar. 2. Select a Base Period option to set how calendars roll up:*12 Months: Four quarters per year; months roll up into parent quarters and quarters intoyears. *Quarters: Quarters roll up into years.* Custom: A custom time period, such as weeks or days.Etc. Note:The calendar establishes the application’s base time periods, starting fiscal year and month, and total number of years. Select the base time period and monthly distribution pattern based on the number of fiscal weeks in a month. The base time period options are the bottom-level time periods in the application. You can create a custom base time period, such as weeks or days. Use monthly distribution patterns to determine how data entered into a summary time period is distributed or spread among the base time period you select. During data entry, users can enter data into summary time periods, such as years or quarters. Planning distributes these values over the base time periods that constitute the summary time period.
To set up the calendar:
1.In the Classic Application Wizard, click Calendar.
2. Select a Base Period option to set how calendars roll up:
*12 Months: Four quarters per year; months roll up into parent quarters and quarters into
years.
*Quarters: Quarters roll up into years.
* Custom: A custom time period, such as weeks or days.
Etc.
Note:
The calendar establishes the application’s base time periods, starting fiscal year and month, and total number of years. Select the base time period and monthly distribution pattern based on the number of fiscal weeks in a month. The base time period options are the bottom-level time periods in the application. You can create a custom base time period, such as weeks or days. Use monthly distribution patterns to determine how data entered into a summary time period is distributed or spread among the base time period you select. During data entry, users can enter data into summary time periods, such as years or quarters. Planning distributes these values over the base time periods that constitute the summary time period.