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Oracle CX Sales 2024 Implementation Professional Sample Questions (Q266-Q271):
NEW QUESTION # 266
Which feature in Oracle Profitability and Cost Management Cloud Service is used to allocate indirect costs to activities based on various allocation rules and drivers?
- A. Profitability and Cost Management Allocations
- B. Profitability and Cost Management Analytics
- C. Profitability and Cost Management Approvals
- D. Profitability and Cost Management Planning
Answer: A
Explanation:
Option 1: Incorrect. Profitability and Cost Management Approvals is not used for allocating indirect costs to activities based on various allocation rules and drivers. It is used for managing the approval process for profitability and cost management tasks. Option 2: Incorrect. Profitability and Cost Management Analytics provides advanced analytical capabilities for analyzing profitability and cost data, but it is not used for allocating indirect costs to activities based on various allocation rules and drivers. Option 3: Correct. Profitability and Cost Management Allocations is used to allocate indirect costs to activities based on various allocation rules and drivers. It allows users to define allocation methods and drivers, and allocate costs according to these rules. Option 4: Incorrect. Profitability and Cost Management Planning is used for planning and budgeting process, where users can define financial targets, plan for different scenarios, and track actuals against targets. It is not used for allocating indirect costs to activities based on various allocation rules and drivers.
NEW QUESTION # 267
When creating an application in Oracle Profitability and Cost Management Cloud Service, which option should be selected to enable dimension privilege hierarchy?
- A. Alternate
- B. Consolidation
- C. None of the above
- D. Hierarchy
Answer: D
Explanation:
Option 1: The correct option is 'Hierarchy'. When creating an application, selecting the 'Hierarchy' option enables the dimension privilege hierarchy. This allows for the creation of hierarchical relationships between dimension members, enabling more complex analysis and reporting capabilities. Option 2: The option 'Consolidation' is incorrect. Selecting this option does not enable dimension privilege hierarchy. It is used for defining consolidation methods and rules within the application. Option 3: The option 'Alternate' is incorrect. Selecting this option does not enable dimension privilege hierarchy. It is used for defining alternate hierarchies within the application. Option 4: The option 'None of the above' is incorrect. Selecting this option does not enable dimension privilege hierarchy. It is not a valid option for enabling dimension privilege hierarchy.
NEW QUESTION # 268
Which of the following options is the best way to create a hierarchy of accounts and cost centers in Oracle Profitability and Cost Management Cloud Service 2023?
- A. Create a single Dimension for either accounts or cost centers, then use formula logic to roll up the hierarchy
- B. Create separate Applications for accounts and cost centers, then create a Calculation Manager rule that combines them into a single hierarchy
- C. Create separate Dimensions for accounts and cost centers, then create an Application that combines them into a single hierarchy
- D. Create a Dimension library that combines the accounts and cost centers into a single hierarchy
Answer: C
Explanation:
Option 1: This option is incorrect because creating a Dimension library will not allow you to combine accounts and cost centers into a single hierarchy. A Dimension library is simply a collection of Dimensions that can be reused across multiple Applications. Option 2: This option is correct. Creating separate Dimensions for accounts and cost centers, then combining them into a single hierarchy within an Application is the best way to create a hierarchy of accounts and cost centers. This allows you to maintain separate hierarchies for each dimension while still being able to combine them into a single hierarchy in the Application. Option 3: This option is incorrect because creating a single Dimension for either accounts or cost centers and using formula logic to roll up the hierarchy will not allow you to combine both dimensions into a single hierarchy. This option also requires more complex formula logic to be created for the roll-up. Option 4: This option is incorrect because creating separate Applications for accounts and cost centers and then combining them into a single hierarchy using Calculation Manager is not the best way to create a hierarchy of accounts and cost centers. This option requires more work to maintain the separate Applications and the Calculation Manager rule increases complexity.
NEW QUESTION # 269
When configuring Oracle Profitability and Cost Management Cloud Service, which of the following steps can be omitted without compromising functionality?
- A. Configuration of user security
- B. Configuration of consolidation structures
- C. Configuration of data sources
- D. Configuration of business rules
Answer: C
Explanation:
Option 1: Incorrect: User security is a critical component when configuring Oracle Profitability and Cost Management Cloud Service. User roles and permissions must be specified to ensure that users only have access to the appropriate data. Option 2: Correct: Data sources only need to be configured if data is being imported from external sources. If the data is being entered manually, the data source configuration step can be skipped. Option 3: Incorrect: Consolidation structures must be configured to determine how data is aggregated and represented. This step cannot be skipped without compromising functionality. Option 4: Incorrect: Business rules are a critical component of Oracle Profitability and Cost Management Cloud Service. They are used to calculate profitability and cost information and cannot be skipped without compromising functionality.
NEW QUESTION # 270
Which of the following statements accurately describes the difference between a dimension and a member in Oracle Profitability and Cost Management Cloud Service (PCMCS)?
- A. A dimension is used for metadata management, while a member is used for data input.
- B. A dimension is a specific instance within a member, while a member is a category or characteristic that provides context for a dimension.
- C. A dimension is a category or characteristic that provides context for a member, while a member is a specific instance or data point within a dimension.
- D. A dimension and a member are the same thing and can be used interchangeably in PCMCS
Answer: C
Explanation:
Option 1: This option is the correct answer as it accurately describes the difference between dimensions and members in PCMCS. A dimension is a category or characteristic that provides context, while a member is a specific instance or data point within that category or characteristic. Option 2: This option is incorrect as it describes the opposite relationship between dimensions and members. Option 3: This option is incorrect as dimensions and members are not the same thing and cannot be used interchangeably. They have distinct roles and functions in PCMCS. Option 4: This option is incorrect as dimensions and members are both used for metadata management and data input in PCMCS. The statement incorrectly suggests that they have different uses.
NEW QUESTION # 271
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