Given a Finalized Quote, Accurately Predict the Outcome of the Contracting Process. CPQ-ADMINISTRATOR Practice Questions (Page 1)

Questions 1–5

1. 1foundation · easy

   If a finalized quote is edited after a contract has been generated, what happens to the existing contract?

   • AThe contract status changes to 'Draft' and the changes are applied.
   • BThe contract is deleted and a new one is created.
   • CThe contract is automatically updated to reflect the changes.
   • DThe contract remains unchanged and may need to be regenerated or amended.
   Reveal Solution Discussion Select an answer first
2. 2foundation · easy

   A user reports that the 'Generate Contract' button is not visible on a quote. What is a common cause?

   • AThe quote is not in a status that allows contract generation.
   • BThe quote has no products added.
   • CThe user does not have a license for CPQ.
   • DThe contract object is not enabled in Salesforce.
   Reveal Solution Discussion Select an answer first
4. 3expert · hard

   A finalized quote has been used to generate a contract that is currently in 'Approved' status but not yet signed. The sales rep realizes that a discount was applied incorrectly on the quote. The admin needs to correct this. What is the best course of action?

   • AAmend the contract to correct the discount and then update the quote.
   • BCancel the contract and create a new one from the original quote.
   • CEdit the quote directly and regenerate the contract.
   • DRevise the quote, correct the discount, re-approve the quote, and then regenerate the contract.
   Reveal Solution Discussion Select an answer first
5. 4expert · hard

   A customer's contract is set to expire in 30 days. The sales rep wants to renew the contract with a 10% discount for the next year. What is the best approach?

   • ACreate a new quote for the same products and generate a new contract.
   • BEdit the original quote and regenerate the contract.
   • CCreate a renewal quote with the discount and generate a new contract.
   • DAmend the existing contract to apply the discount and extend the end date.
   Reveal Solution Discussion Select an answer first
6. 5application · medium

   A company wants to generate contracts that include custom terms and conditions specific to each product. What is the best method to achieve this?

   • AUse the standard contract creation process.
   • BUse multiple contract templates, each configured for specific product terms.
   • CUse a single contract template for all products.
   • DManually edit the contract after generation to add the terms.
   Reveal Solution Discussion Select an answer first