[UPDATED 2023] Read CPQ-301 Study Guide Cover to Cover as Literally
100% Real & Accurate CPQ-301 Questions and Answers with Free and Fast Updates
NEW QUESTION 81
Which of the following is not part of the structure of a Pricing Rule?
- A. Price Condition
- B. Price Action
- C. Price Rule Detail
- D. Price Display
Answer: D
NEW QUESTION 82
An Admin has made numerous changes to a Template Content record over the course of a day, and now finds that the "Failed to Load PDF" error message appears when the output document is generated. Which steps should the Admin perform to diagnose the Error?
- A. Clone the record, reference the clone in place of the original record, then delete elements (such as table rows) until the template renders.
- B. Edit the template content and view as source, then modify HTML until clicking Check Syntax results in "No Errors."
- C. Download the template content via Dataloader and analyze the HTML source, modify and replace HTML until the template renders.
- D. Copy and paste the content into a text editor and run a syntax checker, modify and replace HTML until the template renders.
Answer: A
NEW QUESTION 83
Universal Container (UC) sells a Product that is only sold as part of a bundle. UC wants to remove this item from the Product Selection screen.
How can the Admin configure the Product to meet this requirement?
- A. Select the Hidden checkbox on the Product.
- B. Set the Asset Conversion field to One per unit.
- C. Select the Component checkbox on the Product.
- D. Set the Configuration Type field to Allowed.
Answer: A
NEW QUESTION 84
An Admin wants to update a field on all Quote Lines based on a Quote field. Which setup should the Admin use?
- A. A Price Rule, with conditions that check the Quote field values, and an action to update the Quote Lines.
- B. A Workflow Rule, with conditions that check the Quote field values, and a Field Update to Update the Quote Lines.
- C. Process Builder, with conditions that check the Quote field values, and the native functionality to update related records.
- D. A Custom Trigger on the Quote object, with a query to obtain all related Quote Lines, and an D. update operation after changing the field.
Answer: A
NEW QUESTION 85
Universal Containers has created a Discount Schedule with the override Behavior set to All Tiers and applied it to a Product. A sales rep then adds this Product to a Quote, manually changes the discount percent of a discount Tier, and saves the Quote.
At what point during the sales process can the sales rep be assured that the override amount will be unaffected by changes the Admin may make to the original Discount Schedule?
- A. The Quote status has changed to Approved.
- B. Override values are subject to Discount Schedule updates made by the Admin.
- C. The Opportunity status has changed to Proposal/price Quote.
- D. The Save or Quick Save buttons are clicked.
Answer: D
NEW QUESTION 86
Universal Containers wants to change its $500 maintenance product to be based on a percentage of subscription products in the Storage product family.
The maintenance product has been updated to be priced Of Total and the percentage has been set.
How should the product records be altered to meet this requirement?
- A. Set the maintenance product Percent Of Total Category to Storage and set Include in Percent of Total to True. On all Storage subscription products, set the Percent Of Total Category to Storage.
- B. Set the maintenance product Percent Of Total Category to Storage. On all Storage subscription products, set the Percent Of Total Category to Storage and set Include in Percent of Total to True.
- C. subscription products, set the Percent Of Total Category to Storage.
- D. Set the maintenance product Percent Of Total Category to Storage. On all Storage subscription products, set the Percent Of Total Category to Storage and set Exclude From Percent of Total to False.
- E. Set the maintenance product Include in Percent of Total to True. On all storage subscription products, set the Percent Of Total Category to Storage and set Include in Percent of Total to True.
Answer: B
NEW QUESTION 87
"UC has a bundle that has a set price regardless of the number of Product Options that are included in the bundle. Any of the Product Options selected must show on the Quote Line Editor with.
:A List Price of,mlncluded.nM
:A Net Price of SO, since it is included with the bundle's price.
How should the Admin set up the bundle to meet this requirement?
- A. Select the Required checkbox on the Product Options.
- B. Set the Unit Price on the Product Options to be $0."
- C. Select the Selected checkbox on the Product Options.
- D. Select the Bundled checkbox on the Product Options.
Answer: D
NEW QUESTION 88
Universal Containers (UC) has rolled out a new product, Warranty, priced as 10% of all the hardware products on the Quote. After implementing, UC realizes that the price is calculating a percentage of the prices before discounts have been applied, whereas UC actually wants it to reflect the discounted prices.
Which field should UC update to ensure the pricing is correct to meet the requirement?
- A. Update Percent of Total (%) on the hardware products to 10.
- B. Update Percent of Total Base on Warranty to Net Price.
- C. Update Percent of Total Target on Warranty to Standard Warranty.
- D. Update Percent of Total Category on the hardware products to Hardware.
Answer: B
NEW QUESTION 89
Summary Variables can be used in Rule Conditions.
- A. True
- B. False
Answer: A
NEW QUESTION 90
Universal Containers allows clients to negotiate a discount for Product A until a specified date up contract activation. Which three fields on the Contracted Price record should be configured to satisfy this requirement?
- A. Contract
- B. Discount
- C. Expiration Date
- D. Product
- E. Effective Date
Answer: B,C,D
NEW QUESTION 91
How do you ensure that the value a user inputs into a Configuration Attribute is preserved so that the user does not need to re-enter it when reconfiguring the bundle at a later time?
- A. Check the "Store Configuration Attribute Values" checkbox in the Steelbrick package settings
- B. Create a field on the Quote Line object that has the same data type and API name as the field you created on the Product Option object
- C. Add the Configuration Attribute to the ReferencedFields field set
- D. Check the "Store Value" checkbox on the Configuration Attribute record
Answer: B
NEW QUESTION 92
Universal Containers sells Subscription Products with prorated pricing dependent on the total Subscription Term as follows:
* Product A is configured to have a 36 Month Subscription Term (SBQQ__SubscriptionTerm__c = 36) with a List Unit Price of $36,000.
* Product B is configured to have a 1 Month Subscription Term (SBQQ__SubscriptionTerm__c = 1) with a List Unit Price of $2,000, Each Quote Line has a Quantity of 15. The Quote has a Subscription Term of 18 Months without a discount applied.
5 the expected Prorate Multiplier and resulting Net Total for both Quote Lines?
- A. * Product A Prorate Multiplier = 0,5
* Product A Net Total = $270,000
* Product B Prorate Multiplier = 1
* Product B Net Total = $360,000 - B. * Product A Prorate Multiplier = 0,5
* Product A Net Total = $270,000
* Product B Prorate Multiplier = 18
* Product B Net Total = $540,000 - C. * Product A Prorate Multiplier = 0,5
* Product A Net Total = $270,000
* Product B Prorate Multiplier = 18
* Product B Net Total = $36,000
Answer: C
NEW QUESTION 93
Universal Containers (UC) sells a Product in four geographical regions that comes in 10 colors and four sizes. Instead of having a separate SKU for all combinations, UC needs the sales reps to specify location, color,
and size during configuration.
What CPQ functionality can UC's Admin leverage to meet this requirement?
- A. Product Features.
- B. Option constraints.
- C. Product Options.
- D. Configuration Attributes.
Answer: D
NEW QUESTION 94
Admin wants to map Configuration Attribute values to Quote Lines that are for parent bundle products only. The fields are not to correctly map between Quote Lines and Product Options.
Which setup ensure this condition is met?
- A. On the Configuration Attribute, Auto-Select is False.
- B. On the Configuration Attribute, Attribute, Apply to product Options is False.
- C. On the bundled parent, Apply to product option is False
- D. On the child options, Apply Immediately is False and Apply Immediately Context is Always.
Answer: C
NEW QUESTION 95
At Universal Containers, the Fulfillment team requires that Order Item dates reflect when orders are created, rather than Quote Line start dates, because there can be gaps between anticipated versus actual start dates.
At the same time, the Account Management team wants to ensure that all items from one order appear on one contract.
What are two ways the CPQ specialist can meet these requirements'
Choose 2 answers
- A. Set Order Product Date to Today when the record is created using Process Builder.
- B. Set package Default Order Start Date to Today.
- C. Set Quote Contracting Method to By Subscription End Date.
- D. Set Contracting Method on the Order to Single Contract.
Answer: B,D
NEW QUESTION 96
A sales rep at Universal Containers Is configuring an amendment Quote. The original Quote featured a single annual Subscription with a Net Unit Price of $600, a Quantity of 10, and a Subscription Term of 24 months. Ten months into the term of the Contract, the sales rep wants to issue a prorated refund for the original purchase and quote a new, more expensive Subscription In its place.
Using the standard price waterfall, what is the expected Net Total of the amended Subscription once the Quantity is set to cr
- A. -$350
- B. -$2,500
- C. -$3,500
- D. -S2S0
Answer: B
NEW QUESTION 97
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