Oracle Talent Management Cloud 2022 Implementation Essentials — Question 9

Your organization performs revenue recognition based on the Labor and Non-labor Burden schedule types.
What setup is required to enable this kind of revenue recognition?

Answer options

• A. Create a revenue method classification with a revenue method of Percent Spent.
• B. Create a revenue method with a revenue method classification of Rate Based.
• C. Create a revenue method classification with a revenue method of Percent Complete.
• D. Create a revenue method with a revenue method classification of Amount Based.

Correct answer: B

Explanation

The correct answer is B because a revenue method classification of Rate Based allows for revenue recognition aligned with labor and non-labor burden schedules. The other options do not support the specific requirements for this type of revenue recognition, as they focus on different classifications that do not apply to the given scenario.