RELIABLE 1Z0-1061-24 DUMPS PDF, CERTIFICATION 1Z0-1061-24 SAMPLE QUESTIONS

Reliable 1Z0-1061-24 Dumps Pdf, Certification 1Z0-1061-24 Sample Questions

Reliable 1Z0-1061-24 Dumps Pdf, Certification 1Z0-1061-24 Sample Questions

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Oracle CX Sales 2024 Implementation Professional Sample Questions (Q222-Q227):

NEW QUESTION # 222
What are the steps involved in integrating Oracle Profitability and Cost Management Cloud Service with other applications?

  • A. Planning, creating API connection, defining import format, transforming data, mapping data to target, validating data, and exporting
  • B. Planning, creating API connection, defining export format, transforming data, mapping data to source, validating data, and exporting data from the source application
  • C. Planning, creating API connection, defining import format, transforming data, mapping data to target, validating data, and importing the data into the application
  • D. Defining import format, planning data mapping, transforming data, mapping data to target, creating API connection, validating data, and importing the data into the application

Answer: C

Explanation:
Option 1: This option describes the correct steps involved in integrating Oracle Profitability and Cost Management Cloud Service with other applications. The first step is to plan the integration and determine the data to be imported. Then, you need to create an API connection to the source application. After that, define the import format, transform data, map data to target, validate the data and finally import it into the application. Option 2: This option is incorrect because it defines import format before planning data mapping which is not a best practice. Defining the import format before doing the data mapping is like putting the cart before the horse. Transforming data should be the step after defining the import format. Option 3: This option is incorrect because it involves exporting data from the source application instead of importing it into the target application. Option 4: This option is incorrect because it involves exporting data from the source application instead of importing it into the target application. Furthermore, you should define the export format instead of the import format.


NEW QUESTION # 223
When creating applications and dimensions in Oracle Profitability and Cost Management Cloud Service, which feature allows you to define different hierarchies within a dimension based on different attributes?

  • A. Smart Formulas
  • B. Dynamic Variables
  • C. Model Balancing
  • D. Attribute-Based Dimension

Answer: D

Explanation:
Option 1: Correct. The Attribute-Based Dimension feature in Oracle Profitability and Cost Management Cloud Service allows you to define different hierarchies within a dimension based on different attributes. This enables you to have multiple views of the same dimension, each tailored to a specific attribute. Option 2: Incorrect. Smart Formulas are not directly related to defining different hierarchies within dimensions. Smart Formulas are used for creating complex calculations and business rules in the application. Option 3: Incorrect. Dynamic Variables are not directly related to defining different hierarchies within dimensions. Dynamic Variables are used to create reusable calculations that can be applied to multiple dimensions. Option 4: Incorrect. Model Balancing is not directly related to defining different hierarchies within dimensions. Model Balancing is used to ensure that the data in your model remains balanced, with debits and credits matching.


NEW QUESTION # 224
What is the main function of the Oracle Profitability and Cost Management Cloud Service?

  • A. To provide basic financial reporting and accounting functionality
  • B. To provide cloud-based storage for financial data
  • C. To automate the budgeting and planning process
  • D. To provide real-time costing and profitability analysis to support business decisions

Answer: D

Explanation:
Option 1: This option is correct because the main function of the Oracle Profitability and Cost Management Cloud Service is to provide real-time costing and profitability analysis to support business decisions. Option 2: This option is incorrect because the Oracle Profitability and Cost Management Cloud Service is not primarily focused on accounting or reporting. Option 3: This option is incorrect because the Oracle Profitability and Cost Management Cloud Service is not a storage solution, but rather an analysis tool. Option 4: This option is incorrect because while the Oracle Profitability and Cost Management Cloud Service can help with budgeting and planning, it is not its main function.


NEW QUESTION # 225
Which of the following options best describes the difference between Profitability and Cost Management Cloud Service's (PCMCS) Smart View and Financial Reporting reporting tools?

  • A. Smart View is a feature that allows its users to create reports by sourcing data from a variety of sources while Financial Reporting is a tool used for only Oracle Hyperion financial reporting.
  • B. Smart View is a Microsoft Excel-based tool that enables users to import and upload data into PCMCS while Financial Reporting is an Oracle Hyperion Reporting and Analysis web-based tool used for financial reporting.
  • C. Smart View allows its users to query, manipulate, and analyze PCMCS data using Microsoft Excel while Financial Reporting is more a less a dashboarding tool that presents pre-formatted reports.
  • D. Smart View enables its users to create formatted and ad hoc reports using Microsoft Excel while Financial Reporting can be used to build pixel-perfect financial reports for management.

Answer: D

Explanation:
Option 1: This option is incorrect because Financial Reporting is not specific to only financial reporting, but can be used for multiple types of reports. Option 2: This option is incorrect because Smart View is mainly used for querying, manipulation and analysis of data as well as creating reports in PCMCS, while Financial Reporting is not only used for Oracle Hyperion financial reporting. Option 3: This option is correct because Smart View is an Excel-based tool for creating formatted and ad hoc reports, while Financial Reporting provides a pixel-perfect experience for finance professionals to create financial reports for management. Option 4: This option is incorrect because Financial Reporting is not mainly used for dashboards but presents pre- formatted reports, while Smart View can be used to create and analyze data in reports.


NEW QUESTION # 226
In the process of loading data into Oracle Profitability and Cost Management Cloud Service for an allocation rule, which of the following steps would be considered a best practice?

  • A. Load all data into the final destination cube directly from the data source.
  • B. Load all data at once to reduce the number of times data needs to be loaded into the system.
  • C. Load all data using the Excel add-in rather than the web interface.
  • D. Load all data into a temporary storage cube before loading it into the final destination cube.

Answer: D

Explanation:
Option 1: This option is incorrect as it is not a best practice to load all data at once. It is recommended to load data in smaller, incremental batches to improve performance and reduce the risk of errors. Option 2: This option is incorrect as both the web interface and Excel add-in can be used for loading data, and the choice between the two depends on user preference and the specifics of the data being loaded. Option 3: This option is correct as it is a best practice to load data into a temporary storage cube first. This provides a few benefits, such as the ability to validate the data before entering the final destination cube and the ability to perform data transformations on the data before it is loaded into the final destination cube. Option 4: This option is incorrect as loading data directly into the final destination cube can have negative consequences, such as making it difficult to validate the data before it enters the cube and potentially corrupting existing data in the cube.


NEW QUESTION # 227
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