Practice Test - 90 Day Assessment C - Quiz, Trivia & Questions

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| By Dzaros

Dzaros

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Quizzes Created: 3 | Total Attempts: 228

Questions: 10 | Attempts: 65 | Updated: Jun 26, 2023

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Practice Test - 90 Day Assessment C - Quiz

The purpose of this assessment is to help the Settlement Analyst prepare for their 90 day evaluation.

Questions and Answers

1.

The percentage difference seen on the IMCP Log Report is used to calculate the difference between the trader provided MCP and the MCP calculated using discoveries.
- A.
  
  True
- B.
  
  False
Correct Answer
A. True

Explanation
The percentage difference seen on the IMCP Log Report is indeed used to calculate the difference between the trader provided MCP and the MCP calculated using discoveries. This means that the report compares the trader's estimated MCP with the actual MCP determined through discoveries, and calculates the percentage difference between the two values. This information is important for evaluating the accuracy of the trader's estimates and the effectiveness of the discovery process.

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2.

During the power checkout process it is decided that a write-off (within policy limits) will be entered to facilitate the checkout process. If the amount to be written off is a TEA payable, which option should be chosen in the Financial Cash Payment form?
- A.
  
  Receive (Sell)
- B.
  
  Pay (Buy)
- C.
  
  It does not matter which is chosen, as long as the total net amount matches the agreed upon checkout numbers with the 3rd party.
Correct Answer
B. Pay (Buy)

Explanation
During the power checkout process, when a write-off is required for a TEA payable, the option "Pay (Buy)" should be chosen in the Financial Cash Payment form. This option indicates that the amount is being paid or bought to settle the TEA payable. Choosing this option ensures that the financial transaction is recorded accurately and reflects the payment made for the write-off.

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3.

If TEA is not in the market path on a tag, but the tag can be viewed by TEA in OATI (Open Access Technology International), what does this indicate?
- A.
  
  TEA is acting as principal since the tag can be viewed.
- B.
  
  TEA is acting as agent since they are not in the market path but can still view the tag.
- C.
  
  It is not a TEA transaction, since TEA is not in the market path. Any company with access to OATI can view any tag.
- D.
  
  None of the above.
Correct Answer
B. TEA is acting as agent since they are not in the market path but can still view the tag.

Explanation
This indicates that TEA is acting as an agent since they are not directly involved in the market path but can still view the tag. The fact that TEA can access and view the tag through OATI suggests that they have some level of involvement or responsibility in the transaction, likely representing another party's interests or facilitating the transaction in some way.

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4.

The Data Verification hand-off from Front Office occurs at 12:30 pm every business day (excluding extensions).
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
The statement is false because it states that the Data Verification hand-off from Front Office occurs at 12:30 pm every business day, excluding extensions. However, it does not specify whether this is true or false. Therefore, the correct answer cannot be determined based on the given information.

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5.

Over-utilized transmission indicates which of the following:
- A.
  
  The loss calculation in the deal form does not equal numbers in the Match.
- B.
  
  An incorrect adjustment was made in the Match.
- C.
  
  TEA purchased too much transmission for the power deal.
- D.
  
  Both A & B.
- E.
  
  None of the above.
Correct Answer
D. Both A & B.

Explanation
The correct answer is "Both A & B." This means that over-utilized transmission indicates both the loss calculation in the deal form not equaling the numbers in the Match and an incorrect adjustment being made in the Match. In other words, both errors in the loss calculation and adjustments can lead to over-utilized transmission.

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6.

External Partner transactions should go through the same MCP process that Members receive.
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
External Partner transactions should not go through the same MCP (Member Change Process) that Members receive. The MCP process is designed specifically for Members and their transactions, and it may not be suitable or relevant for external partners. External partners may have their own separate processes or systems in place for handling their transactions. Therefore, it is incorrect to say that external partner transactions should go through the same MCP process as Members.

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7.

A transaction discovery in SPP with a volume of 21 mws cannot be compared to other deals because it violates the 25 mw volume rule.
- A.
  
  True
- B.
  
  False
Correct Answer
B. False

Explanation
The statement is false because it states that a transaction discovery in SPP with a volume of 21 mws cannot be compared to other deals because it violates the 25 mw volume rule. However, there is no mention of any rule or requirement that states a transaction with a volume of 21 mws cannot be compared to other deals. Therefore, the statement is incorrect.

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8.

A request to lower the MW level of a tag's energy profile in order to prevent or resolve system reliability problems describes which OATI state:
- A.
  
  Correction
- B.
  
  Adjustment
- C.
  
  Curtailment
- D.
  
  Termination
- E.
  
  None of the above
Correct Answer
C. Curtailment

Explanation
Curtailment refers to the act of reducing or decreasing the level of energy production or consumption in order to address system reliability issues. In this case, the request to lower the MW level of a tag's energy profile is an example of curtailment as it involves reducing the energy output to prevent or resolve system reliability problems.

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9.

The Energy Authority was incorporated in the year of .

Correct Answer
1997

Explanation
The Energy Authority was incorporated in the year 1997.

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4
10.

Which Settlement code is used for multi-day transactions?
- A.
  
  ET-8
- B.
  
  ET-17
- C.
  
  ET-13
- D.
  
  ET-3
- E.
  
  None of the above
Correct Answer
D. ET-3

Explanation
The settlement code ET-3 is used for multi-day transactions.

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Current Version
Jun 26, 2023

Quiz Edited by
ProProfs Editorial Team
May 08, 2013

Quiz Created by
Dzaros

Practice Test - 90 Day Assessment C

The percentage difference seen on the IMCP Log Report is used to calculate the difference between the trader provided MCP and the MCP calculated using discoveries.

During the power checkout process it is decided that a write-off (within policy limits) will be entered to facilitate the checkout process. If the amount to be written off is a TEA payable, which option should be chosen in the Financial Cash Payment form?

If TEA is not in the market path on a tag, but the tag can be viewed by TEA in OATI (Open Access Technology International), what does this indicate?

The Data Verification hand-off from Front Office occurs at 12:30 pm every business day (excluding extensions).

Over-utilized transmission indicates which of the following:

External Partner transactions should go through the same MCP process that Members receive.

A transaction discovery in SPP with a volume of 21 mws cannot be compared to other deals because it violates the 25 mw volume rule.

A request to lower the MW level of a tag's energy profile in order to prevent or resolve system reliability problems describes which OATI state:

The Energy Authority was incorporated in the year of .

Which Settlement code is used for multi-day transactions?