1Z0-1061-24 EXAM INTRODUCTION & NEW 1Z0-1061-24 TEST PASS4SURE

1Z0-1061-24 Exam Introduction & New 1Z0-1061-24 Test Pass4sure

1Z0-1061-24 Exam Introduction & New 1Z0-1061-24 Test Pass4sure

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Oracle CX Sales 2024 Implementation Professional Sample Questions (Q92-Q97):

NEW QUESTION # 92
Which feature of Oracle Profitability and Cost Management Cloud Service allows users to create ad-hoc analyses and visualize data through interactive dashboards?

  • A. Oracle Analytics Cloud
  • B. Smart View
  • C. Data Management
  • D. Financial Reporting Studio

Answer: D

Explanation:
Option 1: Incorrect. Financial Reporting Studio is a reporting tool used to design and generate financial reports, but it does not provide ad-hoc analysis or interactive dashboards. Option 2: Correct. Smart View is an Excel add-in that allows users to connect to Oracle Profitability and Cost Management Cloud Service and view, analyze, and report on data. It enables ad-hoc analyses and supports the creation of interactive dashboards. Option 3: Incorrect. Data Management is used for data integration, data import, export, and mapping in Oracle Profitability and Cost Management Cloud Service. It does not support ad-hoc analysis or interactive dashboards. Option 4: Incorrect. Oracle Analytics Cloud is a comprehensive analytics solution that provides a wide range of capabilities, including advanced analytics and machine learning. While it can be integrated with Oracle Profitability and Cost Management Cloud Service, it is not specifically designed for ad-hoc analysis or interactive dashboards.


NEW QUESTION # 93
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 Planning
  • B. Profitability and Cost Management Allocations
  • C. Profitability and Cost Management Analytics
  • D. Profitability and Cost Management Approvals

Answer: B

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 # 94
When setting up models and rules in Oracle Profitability and Cost Management Cloud Service 2023, which feature allows you to allocate costs from one resource to another based on a predefined formula?

  • A. Account Allocation
  • B. Calculation Manager
  • C. Execution Manager
  • D. Dashboard Designer

Answer: A

Explanation:
Option 1: Incorrect. Dashboard Designer is a feature of Oracle Profitability and Cost Management Cloud Service that allows you to create and customize dashboards to visualize and analyze your data. It is not specifically used for allocating costs from one resource to another based on a formula. Option 2: Correct. Account Allocation is the feature in Oracle Profitability and Cost Management Cloud Service that allows you to allocate costs from one resource to another based on a predefined formula. It provides flexibility in defining allocation rules and methods. Option 3: Incorrect. Execution Manager is a feature of Oracle Profitability and Cost Management Cloud Service that allows you to schedule and manage the execution of business rules and data loads. It is not specifically used for allocating costs from one resource to another based on a formula. Option 4: Incorrect. Calculation Manager is a feature of Oracle Hyperion Planning that allows you to create and manage business rules for calculations. It is not specifically used for allocating costs from one resource to another based on a formula.


NEW QUESTION # 95
Which type of report can be created in Oracle Profitability and Cost Management Cloud Service?

  • A. Data Entry
  • B. Process
  • C. Dimensional
  • D. Financial

Answer: C

Explanation:
Option 1: Correct: Dimensional reports in Oracle Profitability and Cost Management Cloud Service allow users to view and analyze data by dimensions, such as product, customer, or region. These reports provide a multidimensional view of the data and are commonly used for analysis purposes. Option 2: Incorrect: Data Entry reports in Oracle Profitability and Cost Management Cloud Service are used for entering data into the system. They provide a form-like interface for users to input data and are typically used for data collection purposes. Option 3: Incorrect: Financial reports in Oracle Profitability and Cost Management Cloud Service are used to analyze financial data, such as balance sheets, income statements, and cash flow statements. These reports provide a summary of financial performance and are commonly used for financial analysis and reporting. Option 4: Incorrect: Process reports in Oracle Profitability and Cost Management Cloud Service are used to analyze process-related data, such as production costs, process efficiencies, and resource allocation. These reports provide insights into process performance and are commonly used for process improvement purposes.


NEW QUESTION # 96
Which of the following statements accurately describes the hierarchy in Oracle Profitability and Cost Management Cloud Service (PCMCS), and how is it used when modeling?

  • A. The hierarchy is a top-down structure in which data flows from the higher levels to the lower levels. It is used to optimize reporting performance by organizing data into smaller, more manageable units.
  • B. The hierarchy is a collection of attributes that describe different dimensions of a business, such as product lines, geographical regions, or customer segments. By breaking down data into different levels of detail, the system can provide more granular insights into specific areas of the business.
  • C. The hierarchy is a collection of measures that represent different aspects of a business, and it is used to calculate the performance of different units of analysis. By specifying a hierarchy structure, the system can apply complex formulas and allocate costs and revenues across different dimensions of analysis.
  • D. The hierarchy is a collection of members that represent parts of a structural relationship between members, and it dictates how data flows down from parent to child members. A well-structured hierarchy will help simplify and optimize modeling by allowing for more efficient navigation between levels of detail.

Answer: D

Explanation:
Option 1: This option is correct. In PCMCS, a hierarchy is defined as a collection of members that represent parts of a structural relationship between members. Typically, a hierarchy starts at the top level with broad categories and then drills down to increasingly specific levels of detail. By using a well-structured hierarchy, modelers can simplify and optimize modeling by navigating between different levels of detail more efficiently and without duplicating data. Option 2: This option is incorrect. While hierarchies do help organize data into smaller and more manageable units, they are not designed to optimize reporting performance, nor do they necessarily flow from higher to lower levels. Hierarchies simply define how members relate to one another within the context of the model. Option 3: This option is incorrect. Measures and business rules are used to allocate costs and revenues across different dimensions of analysis, but they are not part of the hierarchy structure per se. Hierarchies dictate how data flows from parent to child members, but they do not define the measures themselves. Option 4: This option is incorrect. Attributes do describe different dimensions of a business, but they are not the same as hierarchies. Attributes help modelers filter data and identify patterns across different levels of detail, but hierarchies are used to define relationships between members and determine how data is aggregated across levels.


NEW QUESTION # 97
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