ServiceNow CIS-SPM Exam - Topic 2 Question 26 Discussion

Actual exam question for ServiceNow's CIS-SPM exam

Question #: 26
Topic #: 2

[All CIS-SPM Questions]

What information are users required to enter on a cost plan for a demand?

ACost type

BDiscount Rate %

CTotal planned cost

DFunctional currency

Show Suggested Answer

Suggested Answer: A

According to theCost plan breakdowndocument, users are required to enter the cost type for each cost plan line item. Cost type is a mandatory field that specifies the type of cost, such as labor, software, hardware, etc. The other options are not required fields for a cost plan for a demand. Discount Rate % is an optional field that applies a discount rate to the cost plan. Total planned cost is a read-only field that displays the sum of the planned cost for all the cost plan breakdowns. Functional currency is a system property that defines the currency used for cost management.

by Veronika at Sep 18, 2024, 06:55 PM

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Isabella

6 months ago

Not sure about the discount rate being required, seems odd.

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Kiley

7 months ago

Functional currency is a must too!

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Macy

7 months ago

Wait, do we really need to specify the discount rate?

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Youlanda

7 months ago

I agree, cost type is also essential.

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Geraldo

7 months ago

You definitely need to enter the total planned cost.

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William

8 months ago

I practiced a similar question, and I think functional currency is definitely a part of it, but I’m confused about the priority of each item.

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Elli

8 months ago

The discount rate might be relevant, but I feel like it’s more about the overall budget rather than specifics like that.

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Marla

8 months ago

I remember something about cost types being important too, but I can't recall if it's mandatory for the cost plan.

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Percy

8 months ago

I think we need to enter the total planned cost, but I'm not entirely sure if that's the only thing required.

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Jamal

8 months ago

I feel confident that the cost type and total planned cost are definitely required. The discount rate and functional currency seem like they could be optional, but I'm not 100% sure. I'll make sure to double-check my answer before submitting.

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Leslie

8 months ago

Okay, let me see. I'm pretty sure the functional currency is also something that would need to be specified on the cost plan. Gotta make sure the numbers are in the right currency, you know?

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Raelene

8 months ago

I'm a little unsure about this one. Is the discount rate also something that would be required? Or is that just an optional field? I'll have to think this through carefully.

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Pok

8 months ago

Hmm, this seems pretty straightforward. I think the key information users would need to enter on a cost plan for a demand would be the cost type and the total planned cost.

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Terrilyn

2 years ago

Hey, at least they didn't include 'Pizza Delivery Fees' as an option. That would have been a real head-scratcher!

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Ronnie

2 years ago

C) Total planned cost

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Latricia

2 years ago

B) Discount Rate %

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Leonard

2 years ago

A) Cost type

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Coleen

2 years ago

Haha, I bet the exam writers are trying to trick us. They're probably going to ask for all of the above, just to see who's paying attention!

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Merissa

2 years ago

Definitely, it's important to be thorough when filling out cost plans.

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Edelmira

2 years ago

Yeah, we have to make sure we pay attention to all the details.

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Raylene

2 years ago

I agree, they always try to catch us off guard with tricky questions.

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Antonio

2 years ago

D) Functional currency

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Malcolm

2 years ago

C) Total planned cost

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Lazaro

2 years ago

B) Discount Rate %

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Pok

2 years ago

A) Cost type

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Sommer

2 years ago

Ah, but what about the discount rate? Surely B) Discount Rate % is also crucial for a cost plan. Can't forget about that!

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Dwight

2 years ago

All of these options are crucial for a comprehensive cost plan.

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Thad

2 years ago

Functional currency is also required to be entered on a cost plan.

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Ahmed

2 years ago

Don't forget about A) Cost type and C) Total planned cost as well.

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Elly

2 years ago

Yes, you're right. B) Discount Rate % is important for a cost plan.

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Dean

2 years ago

Hmm, I'm not so sure. Shouldn't we also need to know the functional currency? D) Functional currency seems important too.

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Maryanne

2 years ago

Including the functional currency on a cost plan is essential for accurate financial planning.

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Ming

2 years ago

In addition to the cost type and total planned cost, we should definitely include the functional currency.

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Janna

2 years ago

Yes, you're correct. We also need to know the functional currency for a demand cost plan.

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Twana

2 years ago

I think you're right, D) Functional currency is important to include on a cost plan.

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Novella

2 years ago

I believe users also need to enter the total planned cost for a demand.

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Stephaine

2 years ago

I think the answer is C) Total planned cost. That's the key information needed for a cost plan, right?

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Fletcher

2 years ago

That's right. Total planned cost is the most important information to enter on a cost plan for a demand.

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Lyla

2 years ago

Yes, you are correct. Total planned cost is the key information needed for a cost plan.

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Keena

2 years ago

I agree with Elvera, cost type is essential for a cost plan.

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Elvera

2 years ago

I think users need to enter the cost type.

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